Nasdaq Inc (NDAQ.O) on Wednesday reported third-quarter profits above Wall Street estimates, helped by strong demand for its technology and investment-related products, along with a jump in initial public offerings…
Category: Business
European stocks hit 6-week highs as Nestle shines in mixed bag of earnings
European shares closed at six-week highs on Wednesday as strong results from Nestle boosted food company stocks, helping outweigh losses after a clutch of disappointing earnings including luxury group Kering…
5G speeds up Verizon’s postpaid user additions, helps raise profit view
Verizon Communications Inc (VZ.N) said on Wednesday it added more postpaid phone subscribers than expected in the third quarter and raised its annual earnings forecast, as more Americans switched to…
Watchdog investigates T-Mobile Polish unit over extra charges
Polish consumer watchdog UOKiK has launched proceedings against the local unit of T-Mobile after customers complained they had activated paid services on the network without realising. Customers informed the regulator…
Renault eyes bigger production cut as chip shortage rumbles on
French carmaker Renault (RENA.PA) expects to produce at least 300,000 fewer vehicles this year due to the global shortage of semiconductor chips, three sources close to the firm told Reuters…
Rio Tinto announces bold $7.5 bln spend to halve carbon emissions by 2030
Anglo-Australian miner Rio Tinto (RIO.AX) announced on Wednesday a $7.5 billion plan to reduce carbon emissions by 50% by 2030, a reduction three times greater than its previous target, but…
Lower rates mean climate costs higher than thought, SF Fed paper says
A decades-long drop in global real interest rates means that the U.S. government and other entities may be vastly underestimating the true future economic cost of climate change, according to…