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…
Hindustan Petroleum Corporation Limited reported a sharp rise in profit for the fourth quarter and full financial year 2025-26, supported by stronger refining margins, higher refinery throughput, and steady growth in fuel sales volumes.The state-run oil marketing company announced its financial results for the quarter and year ended March 31,…
Almost €200 billion is set to be committed across the European Economic Area and Switzerland to build out the electric-vehicle ecosystem, underlining the scale of the region’s effort to strengthen its position in batteries, vehicle production and charging infrastructure.Most of the planned investment is expected to flow into battery plants,…
President Donald Trump is heading to Beijing with a business delegation that is heavy on marquee names and light on surprise.Sixteen top executives are expected to join the Beijing visit, including Elon Musk of Tesla, Tim Cook of Apple, Kelly Ortberg of Boeing, Larry Culp of GE Aerospace, Larry Fink…
Vanguard plans to roughly double its European assets to $1 trillion within five years and become Britain’s biggest retail investment platform, the firm’s head of Europe told Reuters.The Pennsylvania-based asset manager, which oversees $12 trillion globally, has helped transform the investment industry alongside US rival BlackRock by popularising low-cost index…
Vodafone share price dropped today, May 12, even as the company published strong financial results, helped by its strategic pivot to its main markets. It dropped to 112p, from the year-to-date high of 121.95p. Still, it remains substantially higher than last year’s low of 63.12p.Vodafone’s strategic pivot is paying off Vodafone,…