Business
Japan factory output likely rebounded in March, while retail sales held firm: Reuters poll
TOKYO (Reuters) - Japan's factory output likely staged a strong rebound in March from the previous month's decline, with retail sales probably holding firm on booming inbound tourism and easing worry about weak domestic consumption, a Reuters' ...
Alphabet, Microsoft shares jump as investors cheer AI investment
LONDON (Reuters) - Microsoft and Google showed investors that heavy artificial intelligence investment can pay off with rising revenue, allaying concerns raised a day earlier by Meta, which said its expensive foray into AI was not immediately ...
Indian IT firm Tech Mahindra's shares jump most in 8 years on turnaround plan
BENGALURU (Reuters) - Tech Mahindra shares jumped 13.2% on Friday, their biggest intraday gain in nearly eight years, after India's No.5 IT company announced a turnaround plan that offered succour following declining revenue growth for the past ...
Snap shares jump nearly 30% after Q1 beat
(Reuters) - Shares in Snap soared nearly 30% in thin volume in Frankfurt on Friday after the owner of the photo messaging app beat Wall Street expectations for quarterly revenue and user growth. Snap shares jumped 29% in early trading on the ...
Explainer-What is so special about TikTok's technology
By Josh Ye HONG KONG (Reuters) - The content recommendation algorithm that powers the online short video platform TikTok has once again come under the spotlight after the U.S. ordered its Chinese owner, ByteDance, to sell the app's U.S. assets or ...
NatWest first-quarter profit slides 27%
LONDON (Reuters) - NatWest's first-quarter profit fell by a less than expected 27%, it said on Friday, hit by a hiatus in rising central bank interest rates that drove mortgage market competition and squeezed margins across the British banking ...
CVC sets IPO price at 14 euros per share, middle of range
AMSTERDAM (Reuters) - CVC Capital Partners said on Friday it had set the final price for its initial public offering (IPO) at 14 euros ($15.02) per share, at the middle of its announced range. The IPO in Amsterdam, announced this month and ...
Nomura Q4 net profit jumps almost eight fold on retail income surge
TOKYO (Reuters) - Nomura Holdings, Japan's biggest brokerage and investment bank, reported on Friday a 670% jump in quarterly net profit compared to a year earlier as its retail income rose to its highest in eight years. January-March net profit ...
Column-Macron dig at ECB remit may jar bond investor nerves :Mike Dolan
By Mike Dolan LONDON (Reuters) - The slightly alarming sight of a French leader calling on the European Central Bank to nuance its focus on inflation may be less dramatic than it first seems - but it speaks loudly to market zeitgeist and ...
VW's trucks arm Traton posts higher sales even as markets normalise
(Reuters) - Volkswagen's trucks arm Traton reported a 5% jump in first-quarter sales revenue on Friday, citing a favourable product and market mix and improved unit price realisation. The German truckmaker's sales revenue grew to 11.8 billion ...