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Company Results & Outlooks

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Axis Bank Q3 net profit plunges as bad loans jump

MUMBAI Axis Bank Ltd, India's third-biggest private sector lender by assets, reported on Thursday third-quarter net profit tumbled 73 percent as provisions for bad loans jumped.

Pearson plunges as digital switch forces new profit warning

LONDON Education group Pearson lost almost a third of its market value on Wednesday after it ditched profit and dividend forecasts as it struggles to adapt to a digital age that has already upended the music and newspaper industries.

18 Jan 2017

Morgan Stanley's profit doubles on bond-trading surge

Morgan Stanley's profit doubled in the fourth quarter as trading activity surged across Wall Street, and the bank said it was on track to reach a number of financial goals set out by Chief Executive James Gorman.

18 Jan 2017

Retailer Carrefour Q4 sales growth slows as France lags

PARIS Carrefour, the world's second-largest retailer, said sales growth slowed in the fourth quarter, reflecting a weaker performance in its core French market where hypermarket stores suffered in a persistently difficult environment.

19 Jan 2017

Rio Tinto payout hopes brighten on solid outlook for 2017

SYDNEY Global miner Rio Tinto could be in a position to reward shareholders with a strong dividend hike or even a share buyback next year as it benefits from a sharp rise in metals prices, fund managers and analysts said on Tuesday.

17 Jan 2017

Egypt's Suez Canal revenues fall to $5 billion in 2016 from $5.175 billion in 2015

CAIRO Egypt's Suez Canal revenues fell to $5.005 billion in 2016 from $5.175 billion the previous year, Reuters calculations showed on Thursday.

19 Jan 2017

Reliance Industries Q3 net profit up 10 percent, beats estimate

MUMBAI India's oil-to-telecoms conglomerate Reliance Industries Ltd beat analysts' estimates to post a 10 percent increase in third-quarter standalone net profit, as high margins from its core business of crude oil refining helped bolster earnings.

Top News 16 Jan 2017

China's Dalian Wanda posts 2016 revenue drop, weighed by property business

HONG KONG/BEIJING China's Dalian Wanda Group Co Ltd on Saturday said its revenue for 2016 dropped by 13.9 percent, even as operating income increased 3.4 percent, as a slowdown in the group's commercial property business impacted overall performance.

14 Jan 2017

Infosys trims revenue outlook as outsourcers brace for tighter U.S. regime

MUMBAI/BENGALURU Infosys Ltd, India's second-biggest software services exporter, pared its full-year revenue growth outlook as it fights uncertainties in its biggest markets that could curb client spending on technology.

Top News 13 Jan 2017

JPMorgan profit climbs 24 percent, beating forecasts, on trading surge

JPMorgan Chase & Co reported a 24 percent rise in fourth-quarter profits on Friday, beating analyst expectations, as its Wall Street business benefited from a surge in trading activity following the U.S. election.

13 Jan 2017