By Lawrence White and Iain Withers LONDON (Reuters) -Barclays reported better than expected first-quarter profit on Thursday after a strong performance from its credit card business offset pressure on other business lines. The British bank’s pretax profit of 2.6 billion pounds ($3.25 billion) beat analyst forecasts for a repeat of the previous year’s 2.2 billion…
By Katie Paul and Akash Sriram (Reuters) -Meta Platforms Inc CEO Mark Zuckerberg said on Wednesday that AI was helping the company boost traffic to Facebook and Instagram and earn more in ad sales, as it forecast quarterly revenue well above analyst expectations. Meta shares surged 12% in after hours trading, adding over $50 billion…
By Makiko Yamazaki and Mariko Katsumura TOKYO (Reuters) -Japan’s Nomura Holdings Inc saw about $850 million wiped off its market value on Thursday as its latest earnings slump showed it remains a long way off CEO Kentaro Okuda’s goal of finally making the bank a global force in investment banking. Shares in Japan’s biggest investment…
By Tom Balmforth (Reuters) – The anti-tank ditches near Ukraine’s occupied southeastern town of Polohy stretch for 30 km (19 miles). Behind are rows of concrete “dragon’s teeth” barricades. Further back are defensive trenches where Russia’s troops will be positioned. The defences visible in satellite imagery taken by Capella Space are part of a vast…
SINGAPORE (Reuters) – Singapore’s United Overseas Bank reported on Thursday a 74% surge in core profit in the first quarter from a year earlier on the back of strong net interest and non-interest income growth. The lender’s core profit, which excludes one-off expenses, rose to a record S$1.58 billion ($1.20 billion) in the first quarter,…
By Trevor Hunnicutt, Steve Holland and David Brunnstrom WASHINGTON (Reuters) -The United States on Wednesday pledged to give South Korea more insight into its nuclear planning over any conflict with North Korea amid anxiety over Pyongyang’s growing arsenal of missiles and bombs. The announcement, which included a renewed pledge by Seoul not to pursue a…
By Josh Smith and Ju-min Park SEOUL (Reuters) – For the first time since the 1980s a U.S. Navy nuclear-armed ballistic missile submarine (SSBN) will visit South Korea to help demonstrate Washington’s resolve to protect the country from a North Korean attack. The visit was announced in a joint declaration during a summit between South…
STOCKHOLM (Reuters) -Swedish bank Swedbank reported first-quarter net profit above market expectations on Thursday and said higher deposit margins had boosted results, although credit impairments also rose. The rival of Handelsbanken, SEB and Nordea said net profit totaled 7.56 billion Swedish crowns ($733.24 million) versus a year-ago 4.48 billion, topping a mean forecast of 6.62…
TAIPEI (Reuters) – The billionaire founder of Taiwan’s Foxconn and presidential hopeful Terry Gou said on Thursday China does not want war with the island and would not attack if he become president as he would not declare independence. Tension between Taipei and Beijing has surged in the run-up to January’s presidential election in Taiwan,…
By Hannah Lang and Ann Saphir WASHINGTON/SAN FRANCISCO (Reuters) – Of all the facts that have emerged about last month’s two U.S. bank busts – the unanswered warning letters from regulators, the ignored interest-rate risk, the outsized levels of uninsured deposits – one data point in particular continues to stir deep-seated unease among finance officials:…
