Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Japan’s Nomura said profits more than doubled in its latest quarter, to their highest point in four years, a day after the bank’s chief executive took a pay cut as he accepted accountability for a … Read more
Microsoft reported quarterly earnings that impressed investors and showed how resilient the company is even as it spends heavily on AI. Some investors have been uneasy about the company’s aggressive spending on AI, while others have demanded it. During this quarter, Microsoft reported that it spent $20 billion on capital expenditures, nearly double what it … Read more
Mainland-listed firms reported a collective decline in revenue for the second quarter, due partly to a weak home economic system, although some veteran analysts imagine progress might resume within the ultimate interval of the yr. Income for the 5,350 firms buying and selling on the Beijing, Shanghai and Shenzhen inventory exchanges fell 1.5 per cent … Read more
