(Reuters) -Italian steel pipe maker Tenaris late on Wednesday posted a 10% decline in third-quarter net profit due to a slowdown in North and South America and lower shipments to offshore projects and Argentina. The company’s shares were up 7.9% by 0833 GMT, on track for their biggest daily increase since February, as it also …
Tenaris net profit falls on Americas slowdown, launches new buyback plan Read More »
By Sarah Young LONDON (Reuters) – BT Group, Britain’s biggest broadband and mobile provider, posted a second quarter earnings beat and forecast annual cash flow at the top end of a range, lifting its shares in a parting boost for outgoing CEO Philip Jansen. Shares in BT jumped 5% in early deals, good news for …
BT rises after quarterly earnings beat forecasts Read More »
By Paul Sandle, Martin Coulter BLETCHLEY PARK, England (Reuters) -China agreed to work with the United States, European Union and other countries to collectively manage the risk from artificial intelligence at a British summit on Wednesday aimed at charting a safe way forward for the rapidly evolving technology. Some tech executives and political leaders have …
China, US and EU agree to work together on AI safety at UK summit Read More »
(Reuters) – Walt Disney’s ESPN sports network could secure an enterprise value of $24 billion and attract investment interest from sports leagues, tech firms like Apple and telecom majors including Verizon, according to BofA Global Research. In a bid to lure an outside investor, the media giant last month disclosed the financials of ESPN that …
By Howard Schneider WASHINGTON (Reuters) -The Federal Reserve held interest rates steady on Wednesday but left the door open to a further increase in borrowing costs in a policy statement that acknowledged the U.S. economy’s surprising strength but also nodded to the tighter financial conditions faced by businesses and households. “Economic activity expanded at a …
Fed leaves rates unchanged, acknowledges US economy is ‘strong’ Read More »
(Reuters) -Lloyds, Britain’s biggest mortgage lender, is exploring the sale of some assets from its pension provider Scottish Widows worth 6 billion pounds ($7.3 billion), Bloomberg News reported on Wednesday, citing people familiar with the matter. The bank is in talks with advisers Fenchurch Advisory Partners and Morgan Stanley for the sale of the portfolio …
Lloyds exploring sale of bulk annuities worth $7.3 billion – Bloomberg News Read More »
By Arriana McLymore NEW YORK (Reuters) – A week after e-commerce giant Amazon said it is giving its sellers new generative artificial intelligence advertising tools this holiday season, Shopify has to prove to investors that its AI products will spark growth when it reports results on Thursday. Wall Street is expecting it to show revenue …
Shopify merchants seek AI boost for key sales decisions Read More »
By Arsheeya Bajwa and Akash Sriram (Reuters) – The earnings of Intel and Advanced Micro Devices have offered more evidence a recovery is gathering pace in the personal computer market, boding well for an industry that had been grappling with a supply glut after the pandemic. Executives at both the companies talked up the stabilizing …
PC market recovery gathers pace as Intel, AMD tout potential of ‘AI PC’ Read More »
By Khushi Singh and Siddarth S (Reuters) -Britain’s FTSE 100 started November on a positive footing, supported by retailer stocks, with Next shares leading gains on an upbeat profit outlook, while investors braced for a slew of central bank policy decisions. The internationally-focused FTSE 100 ended 0.3% higher. The mid-cap FTSE 250 advanced 0.6%, logging …
FTSE 100 starts November on front foot; central bank decisions in focus Read More »
By Anne Kauranen and Louise Rasmussen HELSINKI (Reuters) -Finland’s Neste said on Wednesday it plans to save 50 million euros ($53 million) annually through measures that include shedding 400 jobs globally to prepare for increasing competition in renewable fuels. The refiner and biofuels producer has grown rapidly in recent years having invested early in renewable …
Finland’s Neste to cut 400 jobs due to increasing competition Read More »
