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Comcast flags over $1 billion in restructuring charges in fourth quarter
Oct 22 : Comcast on Thursday flagged more than $1 billion in charges for the fourth quarter as it changes its organizational structure, ahead of the planned spinoff of its NBCUniversal business in mid-2027.The company lost more broadband customers than expected in the third quarter as fierce competition chipp
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Yen jumps as oil, AI and France worries rattle markets
NEW YORK, Oct 22 : The yen was on track for its strongest daily gain in almost a month on Thursday, as investors sought safety amid fragile equity markets, elevated crude prices from the drawn-out war in the Middle East, and doubts over future returns from artificial intelligence.The US dollar, meanwhile, ros
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Short sellers make $6 billion in unrealized profits as neoclouds slide on AI debt fears
Oct 22 : Investors betting against US neocloud and data center companies have raked in $6 billion in paper profits so far this month, after fears their debt-fueled AI buildout was becoming unsustainable sparked a selloff. Short interest in CoreWeave, IREN, Nebius Group, Applied Digital and Core Scientific ra
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Comcast broadband losses deepen as competition pressure core business
Oct 22 : Comcast lost more broadband customers than expected in the third quarter as fierce competition chipped away at its core business, while NBCUniversal benefited from gains in theatrical and streaming ahead of its planned spinoff next year.Aggressive price cuts by carriers such as AT&T and smaller fiber
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Philippine central bank delivers larger-than-expected 50 bps hike to combat inflation
MANILA, Oct 22 : The Philippine central bank raised its key policy rate by a larger-than-expected 50 basis points (bps) to 5.5 per cent on Thursday, calling it a “decisive” move to combat price pressures while saying it was ready to tighten policy more to cool inflation.”The Monetary Board recognized the need
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Japan’s biggest labour group seeks midpoint target of 6% for 2027 wage increase talks
TOKYO, Oct 22 : Japan’s largest labour union group Rengo unveiled a more ambitious wage bargaining policy for next year’s annual labour negotiations on Thursday, setting a target centred at a pay hike of 6 per cent while maintaining a minimum benchmark of 5 per cent or more. The move marks a shift from previ
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Commercial income powers Europe’s richest clubs as financial divide widens, study shows
MADRID, Oct 22 : Europe’s richest football clubs have built a commercial engine that generates almost half their income, helping underpin an expanding financial elite whose membership has proved harder to change than its revenues, a study shows.The report by consultancy Football Benchmark and World Football S
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Europe car sales rise 10% in September as EV surge offsets combustion slump
Oct 22 : Strong demand for electrified cars helped Europe’s new-car market grow in September, offsetting another sharp decline in petrol and diesel vehicle sales, data from the European Automobile Manufacturers’ Association showed on Thursday.New-car registrations, a proxy for sales, rose 10.2 per cent year-o
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