Drops
Buffett praised Apple after trimming it, drops Paramount stake
AT BERKSHIRE Hathaway’s annual meeting in Omaha on Saturday (May 4), Warren Buffett heaped praise on Apple – after revealing he’d cut his stake in it.Berkshire reported a US$135.4...
Dollar drops as employers add fewer jobs than expected in April
The dollar fell to a three-week low against the yen on Friday (May 3) after data showed that US job growth slowed more than expected in April and annual...
GSK profit drops in first quarter on higher costs
BRITISH drugmaker GlaxoSmithKline (GSK) on Wednesday (May 1) said its net profit fell 23 per cent in the first quarter as the company faced higher exceptional costs compared with...
GSK profit drops 23% in Q1 on higher costs
BRITISH drugmaker GlaxoSmithKline (GSK) on Wednesday (May 1) said that its net profit fell 23 per cent in the first quarter as the company faced higher exceptional costs compared...
HSBC announces CEO Quinn’s retirement, first-quarter profit drops 1.8%
HSBC chief executive Noel Quinn will retire, it said on Tuesday, in a surprise departure from the bank that he has overhauled in the past five years through a sweeping...
Europe: Stocks eke out gains after German inflation data; Deutsche Bank drops
EUROPEAN shares closed below day highs on Monday after Germany reported higher-than-expected inflation, while Deutsche Bank had its worst day in over a year as worries around its Postbank acquisition...
China’s mega banks post rare profit drops on margin squeeze
INDUSTRIAL & Commercial Bank of China (ICBC), the nation’s largest lender, reported its first decline in quarterly profit in more than a year as margins continue to contract. Net...
Yen drops to fresh 34-year low as BOJ keeps key rate unchanged
The yen’s relentless decline continued in the wake of the Bank of Japan keeping its key interest rate unchanged, with the currency touching a fresh 34-year low versus the...
