Tencent reports Q1 profit slump, no growth in revenue

HONG KONG (Reuters) -China's Tencent posted a quarterly profit that halved from a year ago and recorded no revenue growth, its worst performance since it went public, and warned that advertisers in consumer, eCommerce and travel businesses have slashed spending.

newspaper

18-05-2022

Pakistan opens talks with IMF to resume suspended funds for battered economy

Pakistan opened much delayed talks with the International Monetary Fund (IMF) on Wednesday to resume a seventh review of the $6 billion rescue package agreed in 2019.

newspaper

18-05-2022

British pub groups reeling under costs pressures despite improving sales

(Reuters) -Two of Britain's biggest pub operators warned on Wednesday that the cost of living crisis and expenses stemming from the Ukraine war would crimp their businesses, suggesting a tough outlook for an industry still recovering from the pandemic.

newspaper

18-05-2022

Tencent posts no growth in Q1 revenue, misses estimates

Chinese gaming and social media giant Tencent Holdings reported virtually no growth in first-quarterly revenue, its worst ever such performance, and also missed market estimates as China's economic slowdown and a freeze on new game licences weighed on its business.

newspaper

18-05-2022

Companies should be incentivised to make green investments - UK trade minister

Companies need to be incentivised and pushed to make green investments, British trade minister Anne-Marie Trevelyan said on Wednesday.

newspaper

18-05-2022

Tencent posts flat growth in Q1 revenue, misses estimates

Chinese gaming and social media giant Tencent Holdings reported flat growth in first-quarterly revenue, its worst ever such performance, and also missed market estimates as China's economic slowdown and a freeze on new game licences weighed on its business.

newspaper

18-05-2022

JPMorgan backs Sri Lanka bonds on bets that crippling crisis to ease

U.S. investment bank JPMorgan backed Sri Lanka's crisis-hit government bonds on Wednesday, saying recent political changes in the country should gradually improve its strains and help its talks with the International Monetary Fund.

newspaper

18-05-2022

Siemens Energy weighing bid for outstanding Siemens Gamesa stake

FRANKFURT/MADRID (Reuters) -Germany's Siemens Energy is mulling a bid to buy the third of Siemens Gamesa it does not already own, the company said on Wednesday, hoping this will help it fix long-standing problems at the Spanish-listed wind turbine maker.

newspaper

18-05-2022

Aircraft leasing faces shake-up as risks cloud recovery

PARIS (Reuters) -Global aircraft leasing faces a new shake-up this week after SMBC Aviation Capital's deal to buy smaller rival Goshawk Aviation for $6.7 billion.

newspaper

18-05-2022