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May 24, 2022


Tencent profits plunge as Chinese tech giant grapples with Covid lockdowns, regulation

CNBC – For more and to sign up click here Signage for Tencent Holdings atop an office building in Shanghai, China, on March 22, 2022. China’s Tencent reported on Wednesday its quarterly profit halved from a year ago and revenues stagnated, blaming cuts in advertising spending by consumer, e-commerce and......

Column: China has helped drive up Asian diesel profits; it could lower them, too: Russell

Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. REUTERS/Stringer/Files Register now for FREE unlimited access to Reuters.com Register BRISBANE, May 16 (Reuters) – China’s ongoing battles to contain COVID-19 outbreaks and the Western world’s shunning of Russian crude oil and refined......

Enbridge eyes LNG opportunities as quarterly profits rise

The Enbridge Centre company office is seen in Edmonton, Alberta, Canada October 6, 2021. REUTERS/Todd Korol/File Photo Register now for FREE unlimited access to Reuters.com Register May 6 (Reuters) – Canadian energy pipeline company Enbridge Inc (ENB.TO) reported on Friday a rise in first-quarter profit, and outlined expansion plans as......

Oil giant Shell reports soaring first-quarter profits, raises dividend

CNBC – For more and to sign up click here Shell’s results follow bumper profits from across the oil and gas industry. Ben Stansall | Afp | Getty Images LONDON — Oil giant Shell on Thursday reported its highest quarterly profit since 2008 on soaring commodity prices, fueling calls for......

Singapore banks post lower profits in weak markets, but top estimates

A logo of DBS bank is seen in Taipei, Taiwan, January 28, 2022. REUTERS/Ann Wang Register now for FREE unlimited access to Reuters.com Register SINGAPORE, April 29 (Reuters) – Singapore lenders DBS Group (DBSM.SI) and OCBC (OCBC.SI) both reported 10% declines in quarterly profits, which still topped analysts’ estimates after......

Meta reports a 21 percent drop in profits.

New York Times
Mark Zuckerberg, the founder of Facebook, has staked his company’s future on an immersive online world known as the metaverse. On Wednesday, the company showed it was still navigating that transformation. Meta, the company formerly known as Facebook, reported profit of $7.5 billion for the first quarter, down 21 percent......

Microsoft reports rising revenue and profits, despite war and inflation.

New York Times
Despite inflation and uncertainty over the war in Ukraine, Microsoft on Tuesday reported financial results that showed little threat to the fundamentals of its business. Microsoft said it had $49.4 billion in sales in the first three months of the year, up 18 percent from a year earlier. Profit rose......

As inflation soars, major corporations are posting record profits. But small businesses are feeling the squeeze

CBS News
CBS News – For more and to sign up click here With prices on the rise, Mindy Godding’s small business Abundance Organizing held a team meeting. Employees of the Richmond, Virginia-based company, which helps people declutter or downsize and unpacks after home renovations and moves, were feeling the strain of......

Super League anniversary: UEFA profits off failed breakaway

Sports Illustrated
http://www.si.com/.image/c_limit%2Ccs_srgb%2Cfl_progressive%2Ch_1200%2Cq_auto:good%2Cw_1200/MTg4ODcxMzUwODU1NjczMzc2/liverpool-super-league.jpg Jonathan Wilson It is a year since the European Super League launched. In the moment, it seemed a bizarre project, ill-conceived and ill-promoted. Within 48 hours it looked effectively dead as fans took to the streets to protest. Chelsea, then Manchester City, sheepishly withdrew. Liverpool owner John W. Henry gave......

Tesco warns of lower profits as UK inflation squeeze tightens

General view of a Tesco Extra store sign in Bletchley, in Milton Keynes, Britain, January 5, 2022. REUTERS/Andrew Boyers Register now for FREE unlimited access to Reuters.com Register Profit hits 2021-22 guidance, but now forecast to fall Uncertainty forces Tesco to give wider forecast range Says in ‘great shape’ to......

People’s Reactions To US Economist Saying You Should Make An Extra $5200 This Year As Corporations Report Record Profits

It’s not just you who recently realized you can barely afford a regular frappe with almond milk. Or a lemon Perrier six pack that instantly makes you feel more French. But hey, we can totally live without that, right? But the prices of basic goods are rising at the pace......

China industrial profits up, but mired in single-digit growth

Workers work beside steel wires at a factory in Beijing, China November 22, 2017. Picture taken November 22, 2017. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com Register BEIJING, March 28 (Reuters) – Profit growth at China’s industrial firms accelerated in January-February in line with other signs of momentum......

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