Wall Street is losing patience with Meta CEO Mark Zuckerberg's massive and experimental bets on his metaverse project, which contributed to a fifth increase in the company's overall costs in the third quarter.   After hours, investors rushed to dump Meta Platforms Inc's stock, driving it...

Standard Chartered's third-quarter profit increased by 40 per cent as higher interest rates increased the bank's income and gave it ammunition to raise its revenue forecast despite a weakening global economy.   StanChart increased its income growth forecast for this year to 13 per...

The financial accounts of the German chemical corporation BASF SE show that its net profit fell to €4.22 billion between January and September 2022, a decline of 8.8% on an annualized basis. In comparison to €5.03 a year earlier, the diluted earnings per share for the period of January through...

According to reports citing sources, South Korea's Mirae Asset Financial Group plans to commit about 300 billion Korean won ($208 million) to help finance Elon Musk's $44 billion buyout of Twitter Inc.   The agreement with Mirae is expected to be finalized in the coming days, ahead of the...

Novartis, a pharmaceutical business, reported that its net income for the first nine months of 2022 decreased by 29% from the same period last year to $5.489 billion. In comparison to $3.44 a year earlier, Novartis' diluted earnings per share for the three quarters was $2.5. Revenue decreased 1%...

Getting a subsidiary of significant Chinese chipmaker, Naura Technology Group on Washington's list of trading partners under surveillance is the reason the U.S. may impose export restrictions on the company. U.S. officials are already in discussions with representatives of Naura about the potential...

The preparations for at least four small Chinese companies' initial public offerings (IPOs) have been halted by Nasdaq Inc while it investigates short-lived stock rallies of such firms following their debuts, said reports quoting lawyers and bankers who work on such stock launches.   The...

The Mexican craft beer industry is expected to grow by more than 10% this year, according to the country's brewing association ACERMEX, despite skyrocketing costs and competition from European-owned heavyweights.   "The effects of the pandemic, added to the war between Russia and Ukraine ......

On Saturday, ICICI Bank, India's second-largest private-sector lender, reported a 37% increase in quarterly net profit as loan growth increased and provisions for bad loans decreased.   According to Refinitiv IBES data, net profit for the three months ending September 30 increased to 75.58...