Paris, France | AFP | The world’s leading oil companies published a bumper crop in profits last year as rising crude prices helped turn their fortunes around, but they remain cautious and are unlikely to rush out on a new spending spree just yet. In a flourish of earnings reports …
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Washington, United States | AFP | Twitter on Thursday reported its first-ever quarterly profit, a key milestone that sent shares soaring at the social network which has lagged for years behind fast-growing rivals. The San Francisco-based one-to-many microblogging service said it earned $91 million in the fourth quarter, the first …
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San Francisco, United States | AFP | Apple on Thursday said its earnings in the final three months of last year set new records, with sales of its flagship iPhone X topping its expectations. The California-based technology giant reported that profit climbed to $20 billion on revenue that increased 13 …
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San Francisco, United States | AFP | Google parent company Alphabet on Thursday reported a quarterly loss to set aside funds to pay taxes on repatriated profits, and named a new chairman to replace outgoing Eric Schmidt. Shares in Alphabet slid 2.3 percent in after-hours trade on the results, highlighting …
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London, United Kingdom | AFP | Manchester United narrowly pipped Real Madrid to remain the top revenue-generating club in the world as Premier League sides underlined their growing financial clout, Deloitte’s “Money League” report said Tuesday. It is the 10th time United have topped Deloitte’s list, with a revenue in 2016/17 …
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Frankfurt am Main, Germany | AFP | Germany’s Volkswagen said Wednesday it sold a record number of vehicles in 2017, putting it on track to hold on to the title of world’s largest carmaker two years after its “dieselgate” emissions scandal. Some 10.74 million vehicles from VW or its subsidiaries …
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Stockholm, Sweden | AFP | Swedish carmaker Volvo, owned by the Chinese Geely, said Thursday that booming demand in China helped it notch up record sales for the fourth consecutive year in 2017. Volvo Cars said in a statement that it sold a total 571,577 cars worldwide last year, an …
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Dubai, United Arab Emirates | AFP | Leading Middle East airline Emirates said Thursday its half year net profit rebounded strongly from a slump last year due to cost saving measures and favourable exchange rates. The Dubai flag carrier said it posted a net profit of $452 million in the period …
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Frankfurt am Main, Germany | AFP | German sports gear group Adidas on Thursday reported a jump in third-quarter profits, lifted by strong demand for its own-brand trainers and apparel in China and North America. The Bavarian company, which sponsors English Premier League giants Manchester United, said net profit soared to …
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Seoul, South Korea | AFP | The CEO of Samsung Electronics Kwon Oh-Hyun resigned Friday, saying the South Korean tech giant was facing an “unprecedented crisis”, even as it expected profits to hit an all-time high in the third quarter. Kwon’s resignation comes as the company struggles to overcome a bribery …
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