HONG KONG, Jan 23 Reuters Bank of America on Tuesday announced job cuts of around 20 bankers in Asia, three sources with knowledge of the matter said, as plunging markets in China and Hong Kong weighed on deal prospects. The majority of the bankers affected are Hong Kongbased and worked on China deals, two of the […]

Jan 23 Reuters Verizon Communications forecast annual profit above estimates on Tuesday after strong demand for its wireless plans and Black Friday promotions helped the U.S. carrier post its highest quarterly subscriber additions in nearly two years. Shares of the New Yorkbased telecom firm rose more than 5 in premarket trading, as the company39;s consumer business […]

Johannesburg, Jan 23 Reuters South African retailer Woolworths expects its halfyear profit to fall by as much as 10 due to consumers pulling back on spending on clothes and as the country39;s energy and logistics crisis persisted. The food, fashion and beauty retailer, which targets the mid to upperincome segment of the country, said its headline […]

HONG KONG, Jan 23 Reuters China39;s gaming regulator has removed from its website rules it proposed last month aimed at curbing spending and rewards that encourage playing video games, checks by Reuters on Tuesday showed, in a move that boosted gaming company shares. The link to the draft rules on the National Press and Publication […]

BENGALURU, Jan 23 Reuters Zee Entertainment39;s shares plunged as much as 30 on Tuesday, set for their worst day ever, as investors piled out of the Indian broadcaster after its failed 10 billion merger with Sony39;s local unit fanned worries about its survival in a competitive industry. At least six brokerages also said investors should sell Zee39;s stock, […]

BENGALURU, Jan 23 Reuters Shares of India39;s ICICI Bank hit a record 1,059.4 rupees on Tuesday after its thirdquarter profit beat estimates on robust loan growth and margins met expectations. The private lender rose as much as 5 in the session and was the sole stock posting gains on the Nifty Bank index, which was down […]

Operating profit beats estimates on higher margins Net sales fell 16 to 71.9 billion crowns, missing estimates Could cut further costs this year, including layoffs CFO Expects boost from ATT deal in second half of 2024 STOCKHOLM, Jan 23 Reuters Ericsson said it expects further decline in 5G gear demand from mobile operators this year including […]

Primark Q1 likeforlike sales up 2.1, total sales up 7.9 Does not expect significant disruption from Red Sea situation Group still expects meaningful progress in 202324 profit Shares up 1.3 LONDON, Jan 23 Reuters Associated British Foods said underlying sales growth slowed at its Primark clothing business in the Christmas quarter, hurt by unseasonal warm weather […]