Aug 3 Reuters Coinbase Global beat secondquarter revenue expectations on Thursday on higher interest income while its executives said the crypto exchange expects to win its legal battle with the U.S. securities regulator. The company and its rival Binance were sued by the U.S. Securities and Exchange Commission in June. It alleged that Coinbase traded at least 13 […]

Aug 3 Reuters Airbnb forecast thirdquarter revenue above market estimates on Thursday, but industry fears of softening U.S. domestic demand sent the vacation rental firm39;s shares down 1.2 in afterhours trading. The San Franciscobased company forecast quarterly revenue between 3.3 billion and 3.4 billion, ahead of analysts39; average estimate of 3.22 billion, according to Refinitiv data. […]

Posts record Q2 earnings, sales Agrees to acquire wealth manager Degroof Petercam Top investor to buy 1 bln euros worth of shares PARIS, Aug 4 Reuters Credit Agricole SA, France39;s secondbiggest listed bank, posted betterthanexpected quarterly earnings on Friday, driven by a strong performance of its insurance and consumer finance divisions. The listed entity of […]

HONG KONG, Aug 3 Reuters Chinese tech giant Alibaba Group39;s, cloud computing unit released two opensourced artificial intelligence AI models on Thursday in a bid to take on Meta Platform. The Hangzhoubased company said it has opensourced two large language models LLM, a type of AI model, named Qwen7B and Qwen7BChat on Thursday in a […]

Demand for chemicals to make microchips won39;t recover this year Drugmakers have slashed orders for lab gear Shares gain as Q2 profit beats consensus, 2025 target confirmed FRANKFURT, Aug 3 Reuters Germany39;s Merck KGaA on Thursday warned of a steeper earnings decline due to a slump in demand for materials used to produce pharmaceuticals and semiconductors, […]

Sees midsingle digit fall in FXneutral sales in 2023 Had previously expected a highsingle digit decline FXneutral sales were flat in second quarter Adidas has donated 10 mln euros to charities so far LONDON, Aug 3 Reuters Adidas delivered further signs that its turnaround is gathering pace on Thursday as the sportswear giant seeks to shift […]

TOKYO, Aug 3 Reuters Nomura Holdings plans to hire more than 40 private bankers in Asia and the Middle East in two years to tap an expanding pool of rich families and entrepreneurs in the regions, its international wealth management chief told Reuters. Enhancing wealth management is part of Nomura39;s goal of increasing revenue less vulnerable […]