What wiped $66 billion off Samsung’s market value in hours?
Samsung Electronics was expected to benefit from the AI boom, but is now facing a growing labor dispute. The world’s biggest memory-chip maker found itself…
Asian stocks drop as inflation fears rise and Samsung leads Korea losses
Asian equities fell on Wednesday after a stronger-than-expected US inflation reading and stalled talks between Washington and Tehran undermined risk appetite, prompting investors to cut…
Travel stocks under pressure as India signals push to curb overseas travel
Indian travel stocks came under pressure after Prime Minister Narendra Modi urged citizens to avoid unnecessary foreign travel, cut fuel consumption and defer gold jewellery…
Energy and banks lift European earnings despite Middle East war concerns
European companies are on track to report their strongest quarterly earnings growth in three years, driven largely by gains in the energy and financial sectors,…
Siemens Q2 profit misses estimates as geopolitical pressures persist
Siemens reported weaker-than-expectedsecond-quarter earnings on Wednesday. The German engineering group posted strong order growth and maintained its full-year outlook despite what it described as a…
Nebius stock analysis: what next for this CoreWeave rival after earnings?
Nebius stock will be in the spotlight today as the European technology giant publishes its financial results, which are expected to show robust revenue and…
Allianz reports strong Q1 growth driven by asset management, India deal
Germany’s Allianz on Wednesday reported a 52% rise in first-quarter net profit, supported by gains linked to the sale of stakes in its Indian joint…
SoftBank’s OpenAI bet sparks $46 billion Vision Fund profit surge
Japanese technology investor SoftBank Group posted a sharp rise in quarterly profit on Wednesday as surging gains from its investment in OpenAI boosted the performance…
Cipla Q4 profit misses estimates as US market competition weighs
Cipla, India’s third-largest drugmaker by revenue, reported weaker-than-expected fourth-quarter earnings on Wednesday as weak sales and intense competition in its key US market weighed on…
Japan sells foreign stocks in April amid inflation worries
Japanese investors became net sellers of foreign stocks in April for the first time in four months, as concerns over rising energy costs linked to…
Walmart to cut or relocate 1,000 corporate workers: is AI to blame again?
Walmart is cutting or relocating around 1,000 corporate employees as the retail giant consolidates parts of its global technology and artificial intelligence operations in a…
HPCL Q4 profit jumps 46% on strong refining margins
Hindustan Petroleum Corporation Limited reported a sharp rise in profit for the fourth quarter and full financial year 2025-26, supported by stronger refining margins, higher…