Russias Sberbank Reports Profit Rise to 4.3 bln in Q1

MOSCOW, April 26 Reuters Russia39;s dominant lender Sberbank on Friday reported an 11.3 rise in firstquarter net profit to 397.4 billion roubles 4.32 billion, boosted by growth in deposits and its loan portfolio. Sberbank made record profits of 1.5 trillion roubles in 2023, a more than fivefold increase on the previous year, as Russia39;s banking sector […]
Read More

Thoma Bravo to Buy UKs Darktrace for about 5.32 Billion

LONDON, April 26 Reuters Private equity firm Thoma Bravo agreed to buy Britain39;s Darktrace for about 5.32 billion in cash on Friday, saying it would use its software expertise to drive growth at the Mike Lynchbacked cybersecurity specialist. The agreed price of 7.75, or around 620 pence per share represents a 44 premium to Darktrace39;s average […]
Read More

Huaweis Smart Car Tech Offers Automakers Route to China Sales

BEIJING, April 26 Reuters It39;s taken Huawei just four years to become a force in smart car technology, navigating the devastation of trade sanctions on its smartphones business while simultaneously developing a driver assistance system that is the darling of the Beijing auto show. Huawei Technologies HWT.UL has two huge booths at this week39;s event, […]
Read More

GO Getters

Bloomberg invited the GETTERS of the financial market in Latin America to share their insightful stories about their careers, their success stories and the challenges they had to face while not only witnessing the development of this fast-paced environment, but actively contributing to its evolution by creating new tools, sharing best practices and inspiring change.
Read More

Oil Prices on Track to Snap TwoWeek Losing Streak

April 26 Reuters Oil prices rose on Friday, on track to end higher this week after two straight weeks of losses, after a top U.S. official expressed optimism over economic growth and as supply concerns lingered due to conflicts in the Middle East. Brent crude futures gained 47 cents, or 0.5, to 89.48 a barrel […]
Read More