Jensen Huang was not originally part of Donald Trump’s China trip.But he received a last-minute invitation, and was later seen boarding Air Force One in Alaska during a refueling stop, as he headed to Beijing.For investors, the symbolism is hard to miss.The world’s most valuable chipmaker is now represented at…
Indian travel stocks came under pressure after Prime Minister Narendra Modi urged citizens to avoid unnecessary foreign travel, cut fuel consumption and defer gold jewellery purchases for a year, as the government sought to ease pressure on the rupee and contain rising import costs.The remarks, delivered on Sunday, were framed…
European companies are on track to report their strongest quarterly earnings growth in three years, driven largely by gains in the energy and financial sectors, even as concerns over the prolonged Iran war continue to weigh on the economic outlook and consumer sentiment.According to LSEG I/B/E/S data, first-quarter earnings for…
Siemens reported weaker-than-expectedsecond-quarter earnings on Wednesday.The German engineering group posted strong order growth and maintained its full-year outlook despite what it described as a “very demanding” geopolitical environment.The trains-to-industrial software maker said revenue for the three months ended March 31 remained flat at €19.76 billion, missing analysts’ forecasts of €20.14…
Nebius stock will be in the spotlight today as the European technology giant publishes its financial results, which are expected to show robust revenue and backlog growth. NBIS was trading at $129 on Tuesday, a few points below the all-time high of $197.Nebius stock in focus as it releases its…
Germany’s Allianz on Wednesday reported a 52% rise in first-quarter net profit, supported by gains linked to the sale of stakes in its Indian joint ventures and strong performance in its property and casualty and asset management businesses.The insurer said it remained on track to achieve its full-year operating profit…
Japanese technology investor SoftBank Group posted a sharp rise in quarterly profit on Wednesday as surging gains from its investment in OpenAI boosted the performance of its Vision Fund business.The company reported a net profit of 1.9 trillion yen ($12.05 billion) for the January-March quarter, compared with a profit of…
Cipla, India’s third-largest drugmaker by revenue, reported weaker-than-expected fourth-quarter earnings on Wednesday as weak sales and intense competition in its key US market weighed on performance.The company’s consolidated net profit fell 54.6% year-on-year to 5.55 billion rupees ($58 million) for the quarter ended March 31.The earnings figure came in below…
Japanese investors became net sellers of foreign stocks in April for the first time in four months, as concerns over rising energy costs linked to the Iran war and broader inflation risks weighed on sentiment toward overseas equities.Data released by Japan’s Ministry of Finance on Wednesday showed that investors sold…
Walmart is cutting or relocating around 1,000 corporate employees as the retail giant consolidates parts of its global technology and artificial intelligence operations in a broader push to streamline decision-making and accelerate its digital transformation.The move, first reported by The Wall Street Journal on Tuesday, comes as Walmart increases investments…