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Europe: Shares jump, weather turbulence to eke out weekly gain
EUROPE’S main index rose on Friday (Aug 9), with a continued boost from healthcare stocks, logging gains for a fourth consecutive session and eking out a gain for a...
Wall Street bonus watcher says some payouts will jump up to 35%
AFTER two lacklustre years, Wall Street bonuses are poised to jump in virtually every sector of the industry, with debt underwriting likely to be the biggest winner.
Bankers who help...
Meta sales beat estimates on advertising growth; shares jump
META Platforms reported better-than-expected sales for the second quarter, offering evidence that the company’s heavy investments in artificial intelligence (AI) are helping it sell more targeted and personalised advertisements.Shares...
AMD forecasts US$4.5 billion of AI chip revenue this year, shares jump 7%
ADVANCED Micro Devices (AMD) forecast third-quarter revenue above market estimates on Tuesday (Jul 30), banking on demand for its artificial intelligence (AI) chips staying strong.Shares of the Santa Clara,...
Prada sales jump as Chinese shoppers splash out in Japan with weak yen
Prada sales jumped as the Italian fashion group continued to see strong growth amid a wider slowdown in the luxury industry.Net revenue in the first half grew 17 per...
Alibaba shares jump on plans to boost service fee for merchants
Alibaba Group Holding shares rose the most in two months as investors cheered the e-commerce company’s plan to earn more service fees from merchants.The stock gained as much as...
Hermes sales jump as Birkin bag maker outperforms peers
HERMES sales jumped in the second quarter as the Birkin bag maker weathered the luxury demand slowdown better than peers, thanks to its reliance on the wealthiest clients.Revenue at...
Blackstone posts modest Q2 profit jump on private equity, credit gains
BLACKSTONE said on Thursday (Jul 18) its second-quarter distributable earnings rose 3 per cent from a year earlier, as a jump in asset sales in its private equity and...
