SHANGHAI, Aug 15 Reuters China39;s Ant Group posted a net profit of 12 billion yuan 1.68 billion for the three months to March 31, down 10.25 from a year earlier, Reuters calculations based on Alibaba Group Holdings39; earnings released on Thursday showed. The ecommerce giant reports profit from Ant one quarter in arrears. Chinese authorities in […]

Aug 15 Reuters U.S. retailer Walmart raised its annual profit forecast on Thursday for the second time this year, as Americans kept flocking to its stores for inexpensive everyday essentials and as it sold more highermargin ads to product companies. Shares of the Bentonville, Arkansasbased company rose more than 7 in premarket trading. The bluechip stock […]

CAIROLONDON, Aug 15 Reuters Egyptian Mohannad Abdelazeem, 35, doesn39;t drink alcohol. But he does consume three or four cans per day of Moussy and Fayrouz alcoholfree beers. Brewers including Carlsberg and AnheuserBusch InBev say interest is growing in such boozefree brews across the Middle East and North Africa, presenting opportunities in a region with some of […]

Gross margin expands for seventh straight quarter Inventory 39;wellcontrolled and current39; heading into FY 25 Annual forecasts roughly in line with estimates Shares rise 8 Aug 15 Reuters Tapestry beat analysts39; expectations for fourthquarter results on robust demand for its popular Coach Tabby handbags, signaling interest in affordable luxury as global spending eases from postpandemic highs. […]

SINGAPORE, Aug 15 Reuters Adani Power said on Thursday it was committed to supplying electricity to Bangladesh, saying a recent amendment to power export rules does not affect its existing contract. The amendment by the government facilitates connectivity to the Indian grid but does not impose any obligation on India to buy electricity, Adani Power said […]