Business
TSMC Q1 profit rises 9%, beats market expectations
TAIPEI (Reuters) - Taiwanese chipmaker TSMC posted a 9% rise in first-quarter net profit on Thursday that beat market expectations as it rides a wave of demand for semiconductors used in artificial intelligence applications. Taiwan Semiconductor ...
IMF ready to support Sri Lanka's discussions with bondholders
By Uditha Jayasinghe COLOMBO (Reuters) - The International Monetary Fund (IMF) stands ready to support Sri Lanka's discussions with international bondholders and will provide a formal assessment after the parties reach a tentative ...
ABB beats forecasts with first quarter earnings
ZURICH (Reuters) - ABB reported better than expected profit at the start of the year, the Swiss engineering company said on Thursday, and said it expected faster revenue growth in the coming months. The maker of factory robots, ship motors and ...
Analysis-Wobbling US stocks could push volatility-linked funds to ramp up selling
By Saqib Iqbal Ahmed NEW YORK (Reuters) - Volatility-linked investment strategies are joining the nascent sell-off in U.S. stocks and could help accelerate declines if market gyrations keep increasing. Volatility control funds - systematic ...
Investors ask TotalEnergies to split CEO, board chair roles ahead of May AGM
By America Hernandez PARIS (Reuters) - A group of investors in French oil major TotalEnergies is calling for the company to split the roles of CEO and chairman, which they say could speed up its shift away from fossil fuels. "The separation of ...
Nokia's Q1 comparable operating profit misses expectations
(Reuters) - Finnish telecom gear maker Nokia reported on Thursday a first-quarter comparable operating profit that missed market expectations, with net sales falling 19% as operators' spending on 5G technology slows. (Reporting by Olivier Sorgho ...
Adam Neumann moves to buy back WeWork as it seeks funds to exit bankruptcy, FT reports
(Reuters) - WeWork Inc founder Adam Neumann has made a fresh push to buy back the firm even as it seeks hundreds of millions of dollars to emerge from bankruptcy and avoid a sale, FT reported on Thursday. The shared office space provider was ...
Column - China boosted Q1 crude oil storage as imports flatlined: Russell
By Clyde Russell LAUNCESTON, Australia (Reuters) - China increased the pace at which it added crude to inventories in March as the world's biggest oil importer snapped up record imports from Western-sanctioned Russia. A total of 790,000 barrels ...
China's central bank warns against 'one-sided' pursuit of credit expansion
BEIJING (Reuters) - China's central bank cautioned on Thursday against a "one-sided" pursuit of credit expansion after data showed a slowdown in bank lending, vowing to prioritise the quality of credit over size and move to revitalise existing ...
Morning Bid: Tech, FX clouds clear
A look at the day ahead in European and global markets from Kevin Buckland Some respite for Asian stock markets may bode well for the European open, in what has so far been a week to forget for world equities. Part of that seems to be driven by hopes ...