News
- BusinessReuters
STMicro cuts FY revenue outlook as slowing car demand bites
The company, whose clients include Tesla and Apple, said it expects revenue in the range of $14 billion to $15 billion for 2024, down from its previous forecast range of $15.9 billion to $16.9 billion. Analysts polled by LSEG were expecting revenue of $16.1 billion for the year.
- BusinessReuters
BNP Paribas profit tops estimates on lower costs and global banking
BNP Paribas reported a fall in first-quarter profit and revenue on Thursday but beat analyst forecasts, as lower expenses and a strong performance in its corporate banking business offset flat or falling revenues elsewhere. The euro zone's biggest bank said group net income over the first three months of the year declined by 2.2% from a year earlier to 3.10 billion euros ($3.31 billion), beating the 2.4 billion-euro average of 19 analyst estimates compiled by the company. Revenues over the per
2 min read - WorldReuters
Exclusive-China harbors ship tied to North Korea-Russia arms transfers, satellite images show
China is providing moorage for a U.S.-sanctioned Russian cargo ship implicated in North Korean arms transfers to Russia, according to satellite images obtained by Reuters, as U.S. concerns grow over Beijing's support for Moscow's war in Ukraine. Britain's Royal United Services Institute (RUSI) think tank said the Russian vessel Angara, which since August 2023 has moved to Russian ports thousands of containers believed to contain North Korean munitions, has been anchored at a Chinese shipyard in
4 min read - BusinessReuters
Nestle misses quarterly sales estimates
Nestle on Thursday missed first-quarter organic sales growth estimates as the world's biggest packaged food company hiked prices and sold fewer products. The maker of Maggi noodles and KitKat chocolate wafer bars confirmed its 2024 guidance of organic sales growth of about 4% and a moderate increase in underlying trading profit margin. Organic sales, which exclude the impact of currency movements and acquisitions, rose 1.4% in the first quarter ended March, the maker of Maggi stock cubes and N
1 min read - WorldReuters
Russian programmers play 'cat and mouse' game to outsmart censors
When Antony Rudkovsky was about 15, he began to teach himself how to build virtual private networks (VPNs) to access Internet content unavailable in Russia. At first, the young programmer just wanted to listen to music on the Spotify streaming app in his bedroom in Nizhny Novgorod, a city roughly 270 miles (430 km) east of Moscow. Three years later, Rudkovsky, now 18, snagged $1,200 – the biggest share of the prize money – at a competition last month organised by a civil society group to desig
9 min read - BusinessGuruFocus.com
Decoding The Interpublic Group of Companies Inc (IPG): A Strategic SWOT Insight
Insightful Analysis of IPG's Financial Health and Strategic Positioning
4 min read - BusinessSimply Wall St.
Akzo Nobel N.V. (AMS:AKZA) Will Pay A €1.54 Dividend In Three Days
Akzo Nobel N.V. ( AMS:AKZA ) stock is about to trade ex-dividend in three days. The ex-dividend date is usually set to...
4 min read
