(Reuters) -Singapore Telecommunications on Thursday posted a 14% jump in full-year net profit, as its core businesses benefited from a recovery in international travel and roaming as well as rising 5G adoption. SingTel also recorded robust mobile growth and price lifts supported by increased demand for information technology and communication services. Southeast Asia’s largest telecom…
By Noel Randewich and Sinéad Carew (Reuters) -Stocks related to artificial intelligence surged in extended trade on Wednesday, adding almost $300 billion in market capitalization after chipmaker Nvidia Corp forecast strong revenue growth and said it was boosting production of its AI chips to meet surging demand. Nvidia’s stock zoomed as much as 28% after…
By Chavi Mehta and Stephen Nellis (Reuters) -Nvidia Corp on Wednesday forecast second-quarter revenue more than 50% above Wall Street estimates, and said it is boosting supply to meet surging demand for its artificial-intelligence chips, which are used to power ChatGPT and many similar services. Shares of Nvidia, the world’s most valuable listed semiconductor company,…
By Tim Kelly TOKYO (Reuters) – More than nine out of 10 Japanese firms feel a sense of crisis about the country’s accelerating birthrate decline, with few hopeful that Prime Minister Fumio Kishida’s government can arrest the fall, according to a Reuters monthly poll. Kishida unveiled a plan in March to reverse the birthrate trend,…
By Ross Colvin (Reuters) – Florida Governor Ron DeSantis announced on Wednesday he is seeking the 2024 Republican presidential nomination, joining former President Donald Trump in a growing list of Republicans seeking to unseat Democratic President Joe Biden. Here is a list of declared candidates and other potential 2024 hopefuls in both the Democratic and…
By Jonathan Stempel NEW YORK (Reuters) – A New York state judge on Wednesday dismissed a lawsuit accusing Apollo Global Management Inc billionaire co-founder Leon Black of defaming a woman by falsely claiming she tried to extort him after accusing him of rape. Justice David Cohen said the accuser, Guzel Ganieva, could not pursue her…
By Jonathan Stempel NEW YORK (Reuters) – A New York state judge on Wednesday dismissed a lawsuit accusing Apollo Global Management Inc billionaire co-founder Leon Black of defaming a woman by falsely claiming she tried to extort him after accusing him of rape. Justice David Cohen said the accuser, Guzel Ganieva, could not pursue her…
(Reuters) – Bill Ackman questioned the valuation of Carl Icahn’s flagship firm as he took another jab at his old rival, whose company has become the target of short-seller Hindenburg Research. The billionaire investor said in a tweet on Wednesday that he was “fascinated” by the situation between the short seller and Icahn Enterprises, while…
By Lucy Craymer WELLINGTON (Reuters) -The Reserve Bank of New Zealand Governor Adrian Orr said on Thursday the committee was confident in the level of restrictiveness of interest rates at the present point. “They (interest rates) are well above what we would consider neutral, are constraining spending and investment,” Orr told the New Zealand government…
By Anne Florentyna Gnanaraja Sekar and Ananya Mariam Rajesh (Reuters) -American Eagle Outfitters Inc cut its full-year revenue forecast on Wednesday, as demand for non-essentials, including apparel, slows down due to still-high inflation, sending shares of the company tumbling 18% aftermarket. Rising rent and product prices in the U.S. have compelled consumers to curb spending…
