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Report: DHS used over 50 airports worldwide to fly illegal foreign nationals into US
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Thursday, May 2
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SRN News
Shell beats expectations with $7.7 billion first-quarter profit
By Ron Bousso LONDON (Reuters) – Shell on Thursday reported first-quarter adjusted earnings of $7.7 billion, sharply beating expectations, on the back of strong oil trading and higher refining margins. The oil major also announced it will repurchase a further $3.5 billion ...
Thursday, May 2
by
SRN News
Maersk raises full-year profit guidance after strong quarter
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Shipping group Maersk raised its full-year profit guidance after posting better than expected quarterly earnings on Thursday, citing strong container shipping demand and the diverting of vessels around Africa to avoid the Red Sea. The Copenhagen-based company, viewed as a barometer ...
Thursday, May 2
by
SRN News
Microsoft will invest $2.2 billion in cloud and AI services in Malaysia
KUALA LUMPUR, Malaysia (AP) — Microsoft is investing $2.2 billion over the next four years in Malaysia’s new cloud and artificial intelligence infrastructure as well as partnering with the government to establish a national AI center, its CEO Satya Nadella said Thursday. It marks Microsoft’s ...
Thursday, May 2
by
SRN News
Say hello (again) to EA Sports College Football. The beloved video-game behemoth is back
In a Michigan basement decked out in maize and blue, a father sat with his son. They’d bond over a football video game. One with a story mode that would transport the 7-year-old into a college dorm room, where letters from fans filled his mailbox, ...
Thursday, May 2
by
SRN News
Japan’s Sumitomo Corp net profit down 32%, misses estimates
TOKYO (Reuters) – Japanese trading house Sumitomo Corp reported net profit for the fiscal year ended in March fell 31.7% from a year earlier to 386.4 billion yen ($2.5 billion), missing estimates. A LSEG poll of analysts had forecast Sumitomo’s net ...
Thursday, May 2
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SRN News
Obesity drugmaker Novo Nordisk raises outlook, Q1 profit beats forecast
LONDON (Reuters) -Novo Nordisk raised its 2024 outlook on Thursday as it posted first-quarter operating profit above analyst forecasts. The raised outlook and strong results underscore Wegovy’s success and Novo’s lead in the fast-growing obesity drug market, even as the company faces fierce competition from ...
Thursday, May 2
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SRN News
ArcelorMittal still expects 3-4% steel demand growth this year, excluding China
(Reuters) -ArcelorMittal, the world’s second-largest steelmaker, on Thursday reiterated it expects global steel demand outside China to grow 3-4% this year as it reported first-quarter earnings ahead of analyst expectations. Economic sentiment appears to have reached a floor and given the low inventories, particularly ...
Thursday, May 2
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SRN News
StanChart Q1 profit beats estimates as income boost outweighs China woes
By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) -Standard Chartered PLC beat forecasts on Thursday with a 5.5% rise in its first-quarter pretax profit, as the income boost from higher interest rates and a robust performance from its markets trading business offset a ...
Thursday, May 2
by
SRN News
Analysis-Powell’s soothing tone may not be enough for inflation-spooked markets
By David Randall and Davide Barbuscia NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell’s reassuring message following the central bank’s monetary policy meeting may not calm frazzled U.S. stock and bond investors, as uncertainty over the path of inflation intensifies ...
Thursday, May 2
by
SRN News
Morning Bid: Intervene, rinse, repeat
A look at the day ahead in European and global markets from Tom Westbrook Sudden yen rallies and a 5.5 trillion yen ripple in Japan’s money markets seem to put us in the midst of another round of intervention. The latest yen surge came in ...
Thursday, May 2
by
SRN News
HSBC keeps best lending rate in Hong Kong unchanged at 5.875%
HONG KONG (Reuters) – HSBC Holdings said on Thursday it had kept its best lending rate in Hong Kong at 5.875%, after the city’s de facto central bank kept unchanged the base rate charged through its overnight discount window, tracking ...
Thursday, May 2
by
SRN News
Standard Chartered Q1 profit rises 5.5%, beats estimates
HONG KONG/LONDON (Reuters) -Standard Chartered PLC posted on Thursday a 5.5% rise in its first-quarter pretax profit, beating estimates, as higher interest rates bolstered earnings at the emerging markets-focused lender. StanChart, which earns most of its revenue in Asia, said pretax profit in the quarter ...
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