42 Mins Ago Kakaobank shares jump as Q4 profit rises, customer base grows Kakaobank shares jumped 7% on Wednesday after the digital payments firm reported higher fourth-quarter profit. The company’s fourth-quarter net profit rose nearly 25% to 75.7 billion Korean won ($57.2 million) from a year earlier. Kakaobank added 2.42 million new users to its
Sopa Images | Lightrocket | Getty Images Revenue jumped 25% in the fourth quarter for Meta, from $32.2 billion a year earlier. That’s the fastest rate of growth for any period since mid-2021, and comes amid a rebound in the online ad market. Meta’s net income more than tripled, to $14 billion from $4.65 billion
U.S. Treasury yields were mixed on Thursday as investors digested the latest interest rate decision from the Federal Reserve and clues about the path ahead for rate cuts. At 4:29 a.m. ET, the yield on the 10-year Treasury was down by over one basis points to 3.9462%, remaining below the 4% mark it had fallen
A pedestrian walks past a sign for Aozora Bank Ltd. at the company’s headquarters in Tokyo, Japan, on Friday, May 14, 2010. Tomohiro Ohsumi | Bloomberg | Getty Images Shares of Aozora Bank tumbled to their lowest level in eight months Thursday after the Japanese bank warned of a fiscal-year net loss due to its exposure
A Volvo C40 Recharge electric SUV is on display during the Volvo “A New Era of Volvo Cars” press conference at The Shilla Seoul on March 14, 2023 in Seoul, South Korea. Han Myung-gu | Wireimage | Getty Images Volvo Cars shares surged more than 20% Thursday after the Swedish automaker announced that it will
“India has achieved a trinity of impossible by enhancing infrastructure investment, supporting inclusive growth and yet maintaining fiscal prudence,” said Nilesh Shah, managing director at Kotak Mahindra Asset Management. Sitharaman spoke extensively about developing India’s air connectivity, citing Indian carriers ordering more than 1,000 aircraft in the recent past, and emphasizing that the “development of
Greenwash activists take part in the final day of four days of The Big One climate protest activities organised by Extinction Rebellion (XR) on 24 April 2023 in London, United Kingdom. Mark Kerrison | In Pictures | Getty Images The head of the United Nations Environment Programme Finance Initiative believes there is still a “real
The Japan International Cooperation Agency (JICA) will allocate credit resources for the development of the leather industry in Uzbekistan, Azernews reports, citing Kun.uz News Agency. The republic’s delegation arrived on a working visit to Tokyo last week. The head of the association, Fakhriddin Boboyev, took part in a meeting with JICA Vice-President Sachiko Imoto, dedicated
The Trimble logo is displayed on a smartphone. Igor Golovniov | SOPA Images | LightRocket | Getty Images Industrial technology company Trimble announced on Tuesday it would buy back up to $800 million worth of shares and add two directors to its board, just a few weeks after activist investor Jana Partners disclosed a stake
A pedestrian speaks on a mobile phone as he watches a digital screen relaying the budget speech by Indian Finance Minister Nirmala Sitharaman on the facade of the Bombay Stock Exchange (BSE) in Mumbai on February 1, 2021. PUNIT PARANJPE | AFP via Getty Images In a report released Monday, the finance ministry said the