UBS Quarterly Profit Underwhelms, Flags ‘uncertain’ Second Half
ZURICH (Reuters) – Swiss bank UBS posted on Tuesday a smaller-than-expected rise in second-quarter net profit as its investment banking…
July 2022
Ant Group Executives Left Alibaba Partnership After China Crackdown
BEIJING (Reuters) -Ant Group executives are no longer part of Alibaba Partnership, a body that can nominate the majority of…
Dollar Near Recent Peaks As Fed Looms, Growth Fears Weigh
By Tom Westbrook SINGAPORE (Reuters) – The dollar held just below multi-decade peaks on Tuesday as traders awaited a rate…
Stocks Wobble On Walmart Warning, Looming Fed Hike
By Kane Wu HONG KONG (Reuters) – Asian shares wobbled on Tuesday and bonds were firm as a profit warning…
Alibaba to seek primary listing in Hong Kong, adding to NYSE
HONG KONG (AP) — Alibaba, the world’s biggest e-commerce company by sales, announced plans Tuesday to change the status of…
Oil Rises As Russian Gas Cut To Europe May Encourage Switching To Crude
By Yuka Obayashi TOKYO (Reuters) – Oil rose on Monday on expectations Russia’s reduction in natural gas supply to Europe…
Walmart ‘train Wreck’ Profit Warning Sends Shares Down 10%
By Siddharth Cavale NEW YORK (Reuters) -Top U.S. retailer Walmart Inc on Monday slashed its profit forecast as surging prices…
Australia’s Woolworths Chair Gordon Cairns To Retire
(Reuters) – Australia’s Woolworths Group said on Tuesday that Chairman Gordon Cairns would retire in October after seven years in…
Budget airline Allegiant cuts profit outlook on rising costs
LAS VEGAS (AP) — Shares of Allegiant Air’s parent company tumbled in after-hours trading Monday after the budget airline gave…
Walmart cuts profit outlook as shoppers adapt to inflation
NEW YORK (AP) — Walmart Inc. on Monday lowered its profit outlook for the second quarter and the full year,…