July 26 Reuters Singapore Telecommunications said on Tuesday it would sell its lossmaking digital marketing arm Amobee to Londonlisted Tremor International for 239 million in a bid to sharpen its focus on core businesses. Singtel last year started a strategic review of U.S.based Amobee after the unit booked an impairment charge of S589 million 424.90 million. The […]

July 26 Reuters CocaCola Co lifted its fullyear revenue forecast on Tuesday, encouraged by buoyant demand for sugary sodas in the face of price increases to combat higher costs. Global sales volumes rose 8 in the second quarter, the company said, powered by growth in both developed and emerging markets, while average selling prices increased about […]

July 26 Reuters McDonald39;s Corp on Tuesday reported comparable sales and profit above market expectations even as expenses soared, as the burger chain benefited from steady online demand, new product launches and higher prices. The burger chain39;s global samestore sales jumped nearly 10 in the second quarter compared with expectation of a 6.5 rise. Faced with […]

NEW YORK, July 25 Reuters Amazon.com Inc will raise fees for its delivery and streaming service Prime in Europe by up to 43 a year, the online retailer said on Monday, as it moves to counter higher costs days before it reports quarterly financial results. The price hike, following one that Amazon announced for Prime in […]

Weakness in investment banking and wealth management UBS kicks off European bank earnings Investment bank revenue down 14 Shares down as much as 6 ZURICH, July 26 Reuters UBS posted a smallerthanexpected quarterly profit as turmoil in financial markets hurt its investment banking and wealth management businesses, with analysts predicting the Swiss bank will see harsh […]

DETROIT, July 25 Reuters General Motors Co and Ford Motor Co are about to replay a script they have played out many times before trying to convince investors they can get through a recession without skidding into the red. Analysts have been cutting share price targets and profit estimates for the Detroit automakers over the past several […]

OAKLAND, Calif. July 25 Reuters U.S. chipmaker Intel Corp said on Monday it will produce chips for Taiwans MediaTek Inc, one of the world39;s largest chip design firms. The manufacturing arrangement is one of the most significant deals Intel has announced since it launched its socalled foundry business early last year. A foundry business builds chips […]

July 21 Reuters Parents continued to buy Mattel Inc39;s action figures and Hot Wheels cars for their kids even though the toys got pricier, helping the company trump quarterly results estimates on Thursday. Rival Hasbro Inc had also notched a robust second quarter, as demand for toys has so far withstood the decadeshigh inflation that has forced […]

July 21 Reuters Swiss drug contract manufacturer Lonza said firsthalf core earnings gained 16.5 on strong demand from biopharmaceutical companies. Firsthalf core earnings adjusted for interest, tax, depreciation and amortisation EBITDA rose to 987 million Swiss francs 1.02 billion, it said in a statement on Friday, beating an analyst consensus of about 940 million francs. For […]

LISBON, July 25 Reuters Portuguese oil and gas company Galp Energia reported a 90 jump in adjusted secondquarter profit on Monday, citing soaring oil prices and a sharp increase in its refining margin. Rapid recovery in demand after pandemic lockdowns and a surge in energy prices driven by Russia39;s invasion of Ukraine have boosted profits for […]