international results

Explained | Section 230: Why a social media law angers Trump and what it means for us

Donald Trump wants to abolish a 26-word law that defines the internet era, and the abolishment of which could destroy many businesses. But, the law may need reworking. Moneycontrol breaks down what is at stake.

Saudi Aramco Q3 profit slumps 44.6% as pandemic chokes demand

Weaker refining and chemicals margins have also hit the company's net profit, which fell to 44.21 billion riyals ($11.79 billion) for the quarter ended Sept. 30 from 79.84 billion riyals last year.

Samsung projects 23% jump in 2Q profit on strong chip sales

The South Korean technology giant will release more detailed information when it announces its finalized earnings later this month. It projected its operating profit during the April-June period will be 8.1 trillion won ($6.8 billion). The company's revenue for the quarter is forecast to fall 7% to 52 trillion won ($43.6 billion).

Pandemic leads to six months of global market mayhem

If somehow you missed the coronavirus slamming the global economy like a wrecking ball, current market levels certainly do not reveal the wild swings that unprecedented events unleashed.

China's Lenovo posts 64% slump in quarterly profit, but beats expectations

Lenovo reported a 64% drop in net profit for its fourth quarter ended March to $43 million (35 million pounds) due to disruption cause by COVID-19, beating an average $7.49 million estimate of seven analysts, according to Refinitiv data.

Buffett's Berkshire Hathaway posts record loss on coronavirus, but operating profit rises

Quarterly operating profit, which Buffett considers a better performance measure, rose 6 percent to $5.87 billion from $5.56 billion.

HSBC Q1 profit halves on increased loan loss provisions due to coronavirus crisis

Europe's biggest bank by assets said profit before tax came in at $3.21 billion for January-March, down from $6.21 billion a year ago and below an average analyst forecast of $3.67 billion compiled by the bank.

Coronavirus pandemic | Big Banks, readying for a recession, set aside billions

First-quarter earnings reports from JPMorgan Chase and Wells Fargo showed the country’s largest banks were preparing for customer pain.

Fed December meet: The status quo adds to 'lower for longer' stance

Singtel posts first ever quarterly loss on Bharti Airtel provision

Bharti Airtel said it made a provision of 284.50 billion (USD 3.99 billion) rupees after India’s Supreme Court last month upheld a demand by the telecoms department that wireless carriers pay 920 billion rupees in overdue levies and interest.

Fed gears up for accommodation amid inexplicable inflation & unchartered trade war

In light of recent global central bank’s monetary accommodation and fragile global growth, investors need to be selective about stocks and sectors

Tesla's Elon Musk 'sees merit' in capital raise, vows profit in Q3 after large loss

Tesla plans to resolve logistics issues with global vehicle deliveries after weathering a challenging few months, also marked by staff layoffs and a public spat between Musk and U.S. financial regulators.

BlackBerry profit tops estimates on lower costs

BlackBerry, which dominated the smartphone market before iOS and Android devices took over, has been trying to win investor confidence and make money by selling software

Walmart reports second quarter loss, but higher sales

The world's biggest retailer scored its most robust jump in more than 10 years in the US comparable store sales, sending shares sharply higher.

Uber quarterly loss jumps as it invests in 'big bets'

"We had another great quarter, continuing to grow at an impressive rate for a business of our scale," said Uber chief executive Dara Khosrowshahi.

Lenovo posts first-quarter profit as recovery continues

The Group remains confident in its core PC business, and aims to grow without compromising on profitability

Volkswagen profit rises 6.8% despite diesel costs

The Wolfsburg, Germany-based automaker said Wednesday that profit rose to 3.31 billion euros from 3.10 billion a year earlier. Revenues rose 3.4 per cent to 61.14 billion euros.

ArcelorMittal Q2 net income up at $1.9 bn

The company had posted net income (attributable to equity holders of the parent) of USD 1.322 billion in the year-ago period, the company, led by billionaire Lakshmi N Mittal said in a statement.

Japan's Suzuki Motor sees 9.1% profit slide, stronger yen to weigh

Japan's fourth-biggest automaker expects profit of 340.0 billion yen ($3.10 billion) in the year to March 2019, versus a 374.6 billion yen median of 21 analyst estimates compiled by Thomson Reuters I/B/E/S.

World Press Freedom Index: India falls to 138 spot, third worst among SAARC nations

SAARC nations: Afghanistan (118), Bhutan (94), Nepal (106), the Maldives (120), and Sri Lanka (131), all performed better than India; with Pakistan (139) and Bangladesh (146) performing worse.

Unilever stands by outlook after first-quarter meets expectations

Unilever, the Anglo-Dutch consumer goods giant, reported first-quarter sales that met expectations, helped by volume gains, and maintained its full-year outlook.

Tesco beats guidance with 28 percent full-year profit increase

Tesco beat guidance with a 28.4 percent rise in full-year profit on Wednesday, underlining the recovery of Britain's biggest retailer under Chief Executive Dave Lewis.

Standard Chartered brings back dividends as profits jump

The Asia-focused lender said it would pay out a full-year dividend of 11 cents per share, citing "improving financial performance and strong capital".

BHP's half year profit jumps 25%; misses forecasts

HSBC's 2017 pre-tax profit jumps 142%, but lags view due to US tax impact

HSBC Holdings' 2017 pre-tax profit rose 142 percent as the lender avoided the multi-billion dollar restructuring costs that marred its 2016 results but the profit growth lagged expectations as it took a writedown following US tax changes.