Blog 3 Columns

Asian Stocks Hit By Tech Rout, More Fed Cues Awaited 0

Most Asian stock markets sank on Wednesday tracking overnight losses on Wall Street, with technology-heavy indexes losing the most as caution kicked in ahead of the minutes of the Federal Reserve’s February meeting. Japan’s Nikkei 225, the Taiwan Weighted index, and South Korea’s KOSPI were the worst performers for the day, losing between 0.8% and

IHG Adds $750 Million To Buyback, Raises Dividend As Travel Rebounds in 2022 0

InterContinental Hotels Group (LON:IHG) said it will buy back another $750 million of stock after the post-pandemic recovery in travel allowed it to post its best results in three years. The owner of the Crowne Plaza and Holiday Inn hotel chains profited handsomely from consumers putting travel at the top of their list of priorities

HSBC Logs Sharp Jump In Q4 Profit, Flags Special Dividend 0

HSBC Holdings PLC (LON:HSBA) logged a sharp jump in its fourth-quarter profit on Tuesday as rising interest rates greatly boosted its net interest income, while the bank also flagged a special dividend on the sale of its Canadian business. HSBC’s profit before tax for the three months to December 31 jumped 92% to $5.2 billion,

Maersk Nears Complete Russia Exit After Selling Logistics Sites 0

Shipping and logistics group A.P. Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday, nearly marking the end of its business activities in the country. The group said the sale of its inland depot facility in Novorossiisk, with a capacity of 1,500 containers (TEU),

Asian Stocks Muted Amid Fed Fears, China Buoyed By Stimulus Hopes 0

Most Asian stocks kept to a tight range on Monday as markets awaited more cues on monetary policy from a slew of Federal Reserve events this week, while Chinese stocks rose sharply on the prospect of more stimulus spending by the government. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes rose around 1% each

Palantir Posts First Quarterly Profit Following New Contract Wins 0

Palantir (NYSE:PLTR) reported its first-ever quarterly profit, as well as a top- and bottom-line beat in the final three months of 2022, as a ramp-up in customers bolstered performance. On a GAAP basis, the U.S.-based data analytics company posted net income of $31 million in the quarter up to the end of December, translating to

Toshiba Cuts Full-Year Profit Estimate, COO Resigns 0
- Uncategorized
- February 14, 2023
Japan’s Toshiba (OTC:TOSYY) Corp on Tuesday reported an 87.5% drop in third-quarter operating profit and cut its full-year earnings estimate for a second time. It also said Chief Operating Officer Goro Yanase had resigned over the inappropriate use of entertainment expenses in 2019 when he was an executive at Toshiba Energy Systems and Solutions Corp.
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Analysis-In China, Tesla Could Win Electric Vehicle Price Battle – But Lose The War 0
- Uncategorized
- February 13, 2023
Slashed prices have given Tesla (NASDAQ:TSLA)’s China sales a pop, but analysts, and even fans, warn the U.S. automaker needs to up its long-term game to avoid choking on the dust of fast-moving rivals in the world’s biggest electric vehicle market. Most immediately, Tesla’s January price cuts drove deliveries of its China-made vehicles up 18%
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Nissan, Renault To iInvest $600 Million To Make New Models In India 0
- Uncategorized
- February 13, 2023
Nissan (OTC:NSANY) Motor Co and Renault SA (OTC:RNLSY) said on Monday they would invest $600 million to make six new models in India. The Japanese and French automakers will work on the projects from their base in Chennai, turning it into an export hub, they said in a statement. The six models, with each automaker
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Asian Stocks Hit By Tech Rout, More Fed Cues Awaited 0

IHG Adds $750 Million To Buyback, Raises Dividend As Travel Rebounds in 2022 0

HSBC Logs Sharp Jump In Q4 Profit, Flags Special Dividend 0

Maersk Nears Complete Russia Exit After Selling Logistics Sites 0

Asian Stocks Muted Amid Fed Fears, China Buoyed By Stimulus Hopes 0

Palantir Posts First Quarterly Profit Following New Contract Wins 0

Toshiba Cuts Full-Year Profit Estimate, COO Resigns 0

Analysis-In China, Tesla Could Win Electric Vehicle Price Battle – But Lose The War 0

Nissan, Renault To iInvest $600 Million To Make New Models In India 0

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