By Aditya Soni (Reuters) – Growth in Amazon.com Inc’s lucrative cloud business is slowing and investors are worried. Shares fell nearly 4% on Friday as Amazon’s cloud business slowed in April after posting its weakest quarterly growth since the company began breaking out the unit’s sales in 2015. Amazon, one of the largest companies in…
By Steve Gorman, Joey Roulette and David Shepardson (Reuters) – While the spectacle of SpaceX’s new Starship rocket blowing up over the Gulf of Mexico riveted the public’s attention, it was the explosive nature of the launch at ground level that was drawing heightened scrutiny from the government this week. The shattering force of last…
BEIJING (Reuters) – China’s three largest airlines reported narrower losses in the first quarter, with domestic and international travel picking up after the country dropped its strict COVID restrictions at the end of last year and reopened its borders. Shanghai-based China Eastern Airlines Corp Ltd, China’s no. 3 carrier by revenue, cut its first quarter…
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp made a record first-quarter profit by pumping more oil and gas, beating analyst estimates and taking shares to an all-time high. Exxon doubled profits from the same quarter last year as higher output more than compensated for lower energy prices. Shares rose 2.3% to a record…
(Fixes typographical error in Maliagros) By Summer Zhen, Carolina Mandl and Nell Mackenzie HONG KONG/LONDON (Reuters) -Five hedge funds interviewed by Reuters this week each gave details of a trading idea they think could result in a profit from the most significant turmoil to have roiled the banking sector since the 2008 financial crisis. The…
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) -Singapore sovereign wealth fund GIC said on Friday it would buy a portfolio of six logistics assets in Japan for more than $800 million from Blackstone Inc, reflecting strong appetite for logistics real estate. The transaction, comprising 4 million square feet of warehouses located across Japan, is…
LONDON (Reuters) – Uncertainty over the economic outlook and the banking sector prompted investors to move money back into cash and gold in the week to Wednesday, according to BofA Global Research. But the current environment is tricky to trade, as evidenced by a push into perceived risky assets such as tech stocks and the…
(Reuters) – Investors put their cash in the relative safety of global money market funds in the seven days to April 26, on worries over a slowdown in global economic activity with the recent decline in U.S. companies’ quarterly earnings feeding pessimism. Data from Refinitiv Lipper showed investors purchased a net $42.68 billion worth of…
By Yoruk Bahceli and Davide Barbuscia AMSTERDAM/NEW YORK (Reuters) – In mid-March, as prices for U.S. Treasury bonds swung wildly following the collapse of Silicon Valley Bank, the trading desk at Legal & General Investment Management hit its top limits for both profit and loss several times in a single day. “We’d be swinging from…
(Reuters) -Microsoft Corp said on Friday it signed a 10-year deal with Nware to bring Xbox and Activision Blizzard games to the Spanish cloud-gaming platform, days after Britain blocked its $69 billion buyout of the “Call of Duty” maker. The agreement marks the latest effort by Microsoft to ease fears its purchase of Activision would…
