By Roushni Nair and Lisa Barrington (Reuters) -Australia’s Qantas Airways announced an additional share buyback on Thursday but no dividend for the fifth year, as the airline reported a 16% annual profit drop due to lower fares, spending on customers and weaker freight revenue. Australia’s flag carrier has been trying to fix its reputation after …
Qantas profits dip as fares fall, announces further share buy-back Read More »
By David Kirton SHENZHEN, China (Reuters) – Chinese tech giant Huawei reported hefty jumps in first-half revenue and net profit on Thursday, with smartphone sales robust and its smart car components business also doing well despite U.S. sanctions. Net profit for January to June climbed 18% to 54.9 billion yuan ($7.7 billion) on a 34.3% …
Huawei sees first-half earnings surge on smartphone renaissance Read More »
By Alessandro Parodi and Greta Rosen Fondahn (Reuters) -New car sales in the European Union rose 0.2% in July, slowed by declines in France and Germany, while battery-electric vehicles continued to lose market share, data from Europe’s auto industry body showed on Thursday. Improvements in the Belgian, Dutch and French electric-vehicle (EV) markets failed to …
EU new car sales flat in July as battery-electric slumps, industry body ACEA says Read More »
By Arsheeya Bajwa (Reuters) – Nations building artificial intelligence models in their own languages are turning to Nvidia’s chips, adding to already booming demand as generative AI takes center stage for businesses and governments, a senior executive said on Wednesday. Nvidia’s third-quarter forecast for rising sales of its chips that power AI technology such as …
Nations building their own AI models add to Nvidia’s growing chip demand Read More »
By Tanay Dhumal (Reuters) – Social media platform Reddit said on Wednesday it has resolved an issue related to an update that led to an outage affecting thousands of users. “Earlier today we shipped an update that unintentionally impacted platform stability. We deployed a fix and are back up and running,” the company said in …
Reddit resolves outage that hit thousands of users Read More »
By Douglas Gillison WASHINGTON (Reuters) -Wall Street’s top regulator moved on Wednesday to increase transparency for regulators and investors in mutual and exchange-traded funds by requiring them to report portfolio holdings on a monthly basis rather than four times a year. However, in a retreat from earlier plans, the U.S. Securities and Exchange Commission did …
US SEC to require monthly reports on investment fund holdings for transparency Read More »
(Reuters) -Air New Zealand reported a 61% slump in 2024 profit on Thursday and warned of a potential impact from sticky inflation, intense competition and engine-related maintenance issues in the first half of fiscal 2025. The country’s flagship carrier is grappling with a hit to demand from pricing competition from its U.S. counterparts and high …
Air New Zealand warns of inflation, competition impact in first-half of 2025 Read More »
By Jaspreet Singh (Reuters) -CrowdStrike cut its annual revenue and profit forecasts on Wednesday, as demand for its cybersecurity products takes a hit from a global Windows outage caused by a faulty update from the company last month. The outage had disrupted to internet services, leaving thousands of people stranded at airports after mass flight …
CrowdStrike cuts annual forecasts as Windows outage weighs on new deals Read More »
By Marcela Ayres BRASILIA/SAO PAULO (Reuters) – Brazil’s President Luiz Inacio Lula da Silva has picked central bank monetary policy director Gabriel Galipolo to be the institution’s next governor, replacing Roberto Campos Neto whose term ends in December, Finance Minister Fernando Haddad said on Wednesday. “It is a great honor, a significant responsibility, and I …
Brazil’s Lula to nominate Galipolo as central bank chief, says finance minister Read More »
By Jonathan Stempel (Reuters) -Berkshire Hathaway’s market value closed above $1 trillion for the first time on Wednesday, reflecting investor confidence in the conglomerate that Warren Buffett built over nearly six decades into what many consider a proxy for the American economy. Buffett’s company joined six other U.S. companies, all in or tied to the …
Warren Buffett’s Berkshire Hathaway closes above $1 trillion market value Read More »
