Tag: quarter
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IBM cuts annual revenue growth forecast as customers prioritize AI infrastructure spending
July 22 : IBM cut its annual revenue growth forecast on Wednesday, days after shocking Wall Street with a warning that corporate spending was shifting toward AI-focused data-center gear at the expense of its software and mainframe computers.The company also missed profit and revenue expectations for the secon
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Google increases capex forecast again after cloud-driven earnings beat
July 22 : Alphabet on Tuesday reported its best-ever quarter of growth for its cloud computing division, but faced investor scrutiny after concerns about continued delays to its flagship AI model were aggravated by a $15 billion increase in capital spending plans for 2026.The search giant now expects to spend
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World stocks pause after rally as focus turns to Warsh
MILAN, July 1 : World stocks edged lower on the first day of the third quarter on Wednesday after a strong rally, as investors awaited remarks from Fed Chair Kevin Warsh, while softer euro zone inflation cooled bets on further interest rate hikes.Oil prices stayed near pre-war levels as investors weighed sign
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World shares ease, yields rise as yen hits 40-year low
MILAN/SYDNEY, July 1 : World shares started the third quarter cautiously on Wednesday ahead of key U.S. jobs data, as uncertainty over U.S.-Iran negotiations weighed and traders watched for possible Japanese intervention after the yen hit fresh 40-year lows. The MSCI World Price Index slip
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Share and bond markets turn cautious in Asia, yen on ropes
SYDNEY, July 1 : Asian share markets started the new quarter in a cautious mood on Wednesday as talks between the United States and Iran hit new hurdles, while investors were on alert for possible Japanese intervention as the yen plumbed fresh 40-year lows.Tehran said on Tuesday it would not meet with top
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Asia shares retreat as Apple price hikes rain on chip parade
SYDNEY, June 26 : Asian shares pulled back on Friday after a stellar quarter, as Apple’s hefty price hikes revealed the downside of booming chip demand, while the threat of Japanese intervention kept the yen from hitting 40-year lows. Oil prices fell toward their lowest in fourth months, with Brent crude fut
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Asia shares retreat from record as Apple price hikes rain on chip parade
SYDNEY, June 26 : Asian shares pulled back on Friday after a stellar quarter, as Apple’s hefty price hikes revealed the downside of booming chip demand, while the threat of Japanese intervention kept the yen from hitting 40-year lows. Oil prices fell toward their lowest in fourth months, with Brent crude fut
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Asian shares fall as Apple’s price hikes dents tech optimism
SYDNEY, June 26 : Asian shares eased from record highs on Friday as hefty price hikes from Apple showed the downside of the boom in chip demand, while only the threat of Japanese intervention kept the yen from hitting 40-year lows. Brent crude futures slipped 0.5 per cent to $74.89 a barrel, having bounced 2
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India’s GDP stays robust in January-March as domestic demand offsets external weakness
NEW DELHI, June 5 : India’s economy grew an unexpectedly strong 7.8 per cent year-on-year in the January-March quarter, the government said on Friday, as robust private investment, farm output and construction activity offset the early impact of the Middle East conflict.The print, the second in an updated dat
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India’s GDP grows 7.8% in January-March on resilient farm, construction output
NEW DELHI, June 5 : India’s economy grew at an unexpectedly strong 7.8 per cent on-year in the January-March quarter, the government said on Friday, as better farm output and brisker construction activity helped offset weakening external demand emanating from the Middle East conflict.The print, the second in
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