Banks HSBC profit falls 40%; plans $2.5 bln buyback Yomna Yasser Aug 3, 2016 0 HSBC Holdings PLC announced Wednesday that it will spend up to $2.5 billion in the second half of the year to buy…
Banks Crédit Agricole, SocGen profit surge on stake sales Yomna Yasser Aug 3, 2016 0 French banks Crédit Agricole SA and Société Générale SA reported Wednesday a bigger-than-expected jump in…
Industry & Trade Lufthansa says expects 2016 dividend despite lower profit Yomna Yasser Aug 2, 2016 0 Deutsche Lufthansa AG (LHA.XE) said on Tuesday it still expects to be able to pay a dividend for 2016, despite…
Tech news Xerox profit beats estimates as cost cuts begin to pay off Ghada Ismail Jul 30, 2016 0 <span class="articleLocation">Printer and copier maker Xerox Corp reported a higher-than-expected…
Industry & Trade Volkswagen brand profit falls on scandal effects, lower sales Noha Gad Jul 28, 2016 0 Volkswagen's (VOWG_p.DE) core autos division posted lower profitability in the second quarter as costs for its…
Industry & Trade Shell expects quarterly profits fall 70% as low oil price bites Yomna Yasser Jul 28, 2016 0 European oil majors Royal Dutch Shell and Total reported a sharp fall in profits in the second-quarter of 2016, as…
Industry & Trade Carrefour profit falls 59%, hit by FX headwinds Yomna Yasser Jul 28, 2016 0 Carrefour SA said Thursday its profit dropped in the first half, hit by unfavorable exchange rates and difficult…
Tech news Facebook beats Wall Street estimates with sharp ad sales growth Noha Gad Jul 28, 2016 0 Facebook Inc provided more evidence on Wednesday that it can turn eyeballs into profit as the maker of the world's…
Industry & Trade Shell misses expectations with 70 percent earnings plunge Noha Gad Jul 28, 2016 0 Royal Dutch Shell (RDSa.L) reported a more than 70 percent fall in quarterly profit on Thursday, well below analyst…
Tech news Japan’s Line Corp swings to first-half profit as ad revenue soars Ghada Ismail Jul 27, 2016 0 Japan's Line Corp on Wednesday said soaring advertising revenue helped it swing into profit in the first half of…