Samsung Electronics Co. pledged to keep cutting memory chip production while forecasting a rebound in sales in the second half of the year, as AI demand helps global tech spending climb out of a post-Covid funk.
Goldman Sachs Group Inc.’s hedge fund clients net bought Chinese stocks at the fastest pace in nine months on Tuesday, bolstered by recent government support policies, the Wall Street bank said in a note on Wednesday.
Spanish renewable energy giant Iberdrola SA reported first-half earnings that met analyst estimates, driven by the recovery of hydropower output in Spain and continued support from its generation and customer business.
The sudden ouster of Xi Jinping’s handpicked foreign minister is the latest example of how the Chinese president’s strengthened grip on power has failed to insulate him from setbacks on some of his biggest policy priorities.
Monex Group Inc. was sued in Japan over the sale of Credit Suisse’s riskiest debt, making the online brokerage a rare case of a financial institution being accused of responsibility for investor losses triggered by Switzerland’s move to wipe out the bonds.
BT Group Plc’s profit in the first fiscal quarter rose after the telecom company increased prices earlier in the year and continues to slash costs.
Repsol SA announced plans to spend as much as €850 million ($943 million) as part of a new share buyback program, adding to a string of similar moves over the past two years.
Myanmar aims to stabilize its currency to control price pressures, the central bank said, as the kyat weakens in the black market.
Traders who piled into South Korean bonds last year were handed a 15% loss — the worst outcome in emerging Asia. But things are starting to look up.
Mercedes-Benz Group AG raised its earnings forecast for the year, helped by rising sales for high-end cars and profit growth at its van division.
