#Barclays reported a slightly smaller than expected 12% fall in first_quarter #profit on Thursday, boosting confidence among investors that its turnaround task was on track despite lower income from trading and sluggish mortgage demand. The #British_bank reported pretax profit for the January-March period of 2.3 #billion pounds ($2.84 billion), down from 2.6 billion pounds a […]

#Deutsche_Bank posted on Thursday a better-than-expected 10% increase in first-quarter profit as a resurgence in fixed-income trading and deal-making propelled revenue at its #investment banking division. The gains mean investment banking was able to reclaim its position as #Deutsche’s biggest breadwinner from its giant retail division that had recently benefited from higher interest rates but

#usastock futures retreat on Thursday, with markets focusing on results from #Facebook-owner Meta Platforms (NASDAQ:#META) and upcoming numbers from other mega-cap technology groups. #IBM unveils mixed first-quarter earnings and announces that it will acquire cloud software firm #HashiCorp (NASDAQ:#HCP) in a $6.4 billion deal. Elsewhere, the U.S. economy is expected to have slowed in the

#British_ multinational miner #AngloAmerican (JO:#AGLJ) said on Thursday it “received an unsolicited, non-binding and highly conditional combination proposal” from global mining giant #BHPGroup (NYSE:#BHP). #London-listed Anglo #American, which owns 85% of De Beers diamond business, had a market capitalisation of $36.71 #billion as of Wednesday’s close, according to LSEG data. In a statement, Anglo American

#SouthKorean #economy #grew at the fastest pace in more than two years in the first quarter on robust exports, beating all estimates and fuelling #market expectations that the Bank of Korea would delay cutting interest #rates. Gross domestic product (#GDP) for the January-March quarter was 1.3% higher than the preceding three months on a seasonally

  #Singapore’s #Keppel (OTC:#KPELY) reported higher first-quarter profit on Thursday, driven by strong performance in its infrastructure and connectivity segments. #Netprofit from the both the segments improved year-on-year, the global asset manager said in a statement, without disclosing any profit value. It added that increased revenue from both the segments offset the weak performance from

  #IBM (NYSE:#IBM) posts mixed Q1 2024 results, announces #HashiCorp (NASDAQ:#HCP) acquisition deal; shares down IBM (IBM) has reported earnings that topped analysts’ expectations for the fiscal Q1 2024 and announced it has reached an agreement to acquire HashiCorp (#HCP) for $6.4 billion. Shares fell over 5% in after-hours trading. The company posted earnings per

   #MetaPlatforms reported Wednesday softer revenue guidance for the current quarter as the social media giant looks to ramp-up annual spending by more than previously expected to cash in on artificial intelligence boom.  For Q2, the company guided total revenue to be in the range of $36.5B to $39B, or $37.75B at the midpoint, missing

  S&P 500 eked out a gain Wednesday, as rising Treasury yields and weakness in industrials weighed, but a spike in #Tesla helped tech add to gains ahead of another round of earnings from big tech. At 16:00 ET (20:00 GMT), the S&P 500 rise 0.02%, the #NASDAQ Composite gained 0.1%, while the #DowJones Industrial