Real Estate
Qualcomm forecast beats estimates as AI drives chip sales in China
QUALCOMM on Wednesday forecast quarterly sales and adjusted profit above Wall Street expectations, driven by selling more and pricier chips into Android smartphones with artificial-intelligence features.After a smartphone slump...
Oil falls to 7-week low on surprise US storage build, Middle East hopes
OIL prices fell about 3 per cent to a seven-week low on Wednesday on a surprise build in US crude stocks, the prospect of a Middle East ceasefire agreement...
AIG beats profit estimates on underwriting strength
AMERICAN International Group (AIG) exceeded first-quarter profit expectations on Wednesday (May 1), driven by growth in its general insurance as well as life and retirement divisions, and lower catastrophe...
US: Stocks end mostly lower in volatile reaction to Federal Reserve
WALL Street stocks finished mostly lower on Wednesday, concluding a volatile session after the Federal Reserve kept interest rates flat and signaled rate hikes were not probable.Major equities had shot higher...
Marriott boosts full-year profit view after mixed Q1 results
HOTEL operator Marriott International raised its forecast for annual adjusted profit on Wednesday (May 1) after mixed first-quarter results, banking on international travel demand to offset weakening trends in...
Shell exits China power market businesses
SHELL has exited China’s power markets as part of CEO Wael Sawan’s drive to focus on more profitable operations including its natural gas and oil businesses.Shell decided to exit...
Citigroup sees loan book hit in climate action ramp-up, document shows
CITIGROUP could suffer billions of dollars of losses in its loan book if the world sped up efforts to tackle climate change, according to a confidential analysis prepared by...
UK house prices fall again after mortgage rates creep higher
UK HOUSE prices fell at the sharpest pace in eight months after the cost of mortgages crept higher, one of the country’s biggest lenders said.The Nationwide Building Society estimated...
