By Manya Saini, David French and Saeed Azhar (Reuters) -First Republic Bank faces dwindling and tough options to turn around its business with the creation of a ‘bad bank’ or asset sales p[...]
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April 25, 2023
Visa’s payments business helps profit exceed Wall Street estimates
By Mehnaz Yasmin (Reuters) -Visa Inc reported a better-than-expected second-quarter profit on Tuesday and bet on sustained growth at its payments business, as consumers brace for a milder recession th[...]
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Google parent announces stock buyback, modest beat on ad sales
By Akash Sriram and Greg Bensinger (Reuters) -Alphabet Inc said on Tuesday it would buy back $70 billion in stock and posted first-quarter profit and revenue above estimates as demand rose for cloud s[...]
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Chile, US miner Albemarle hold talks on lithium nationalization plan
SANTIAGO (Reuters) – Chile’s state development office Corfo said on Tuesday it met with U.S.-based miner Albemarle to discuss the South American country’s plan to nationalize the lit[...]
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Marketmind: Banking blip? Not so fast
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. An unholy trinity of U.S. developments on Tuesday – poor corporate earnings, a bank’s valu[...]
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Price hikes boost profits at global consumer giants; will spending last?
By Doyinsola Oladipo NEW YORK (Reuters) -Major global brands like McDonald’s, General Motors and Nestle posted steady first-quarter results built on higher prices, demonstrating that shoppers ac[...]
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Inside Meta’s scramble to catch up on AI
By Katie Paul, Krystal Hu, Stephen Nellis and Anna Tong (Reuters) – As the summer of 2022 came to a close, Meta CEO Mark Zuckerberg gathered his top lieutenants for a five-hour dissection of the[...]
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Senior Citi banker departs shortly after report of Epstein meetings
(Reuters) – Citigroup senior executive Paul Barrett has left the bank, it said on Tuesday, days after media reports that he met with disgraced financier Jeffrey Epstein while he was employed at[...]
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TI forecasts downbeat second quarter on growing demand weakness
By Chavi Mehta (Reuters) -Texas Instruments forecast second-quarter revenue and profit below Wall Street estimates on Tuesday, signaling demand weakness is spreading to most of the analog chipmaker[...]
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