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  • Asian Stocks Hit By Tech Rout, More Fed Cues Awaited

    Asian Stocks Hit By Tech Rout, More Fed Cues Awaited0

    Most Asian stock markets sank on Wednesday tracking overnight losses on Wall Street, with technology-heavy indexes losing the most as caution kicked in ahead of the minutes of the Federal Reserve’s February meeting. Japan’s Nikkei 225, the Taiwan Weighted index, and South Korea’s KOSPI were the worst performers for the day, losing between 0.8% and

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  • IHG Adds $750 Million To Buyback, Raises Dividend As Travel Rebounds in 2022

    IHG Adds $750 Million To Buyback, Raises Dividend As Travel Rebounds in 20220

    InterContinental Hotels Group (LON:IHG) said it will buy back another $750 million of stock after the post-pandemic recovery in travel allowed it to post its best results in three years. The owner of the Crowne Plaza and Holiday Inn hotel chains profited handsomely from consumers putting travel at the top of their list of priorities

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  • HSBC Logs Sharp Jump In Q4 Profit, Flags Special Dividend

    HSBC Logs Sharp Jump In Q4 Profit, Flags Special Dividend0

    HSBC Holdings PLC (LON:HSBA) logged a sharp jump in its fourth-quarter profit on Tuesday as rising interest rates greatly boosted its net interest income, while the bank also flagged a special dividend on the sale of its Canadian business. HSBC’s profit before tax for the three months to December 31 jumped 92% to $5.2 billion,

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  • Palantir Posts First Quarterly Profit Following New Contract Wins

    Palantir Posts First Quarterly Profit Following New Contract Wins0

    Palantir (NYSE:PLTR) reported its first-ever quarterly profit, as well as a top- and bottom-line beat in the final three months of 2022, as a ramp-up in customers bolstered performance. On a GAAP basis, the U.S.-based data analytics company posted net income of $31 million in the quarter up to the end of December, translating to

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  • Toshiba Cuts Full-Year Profit Estimate, COO Resigns

    Toshiba Cuts Full-Year Profit Estimate, COO Resigns0

    Japan’s Toshiba (OTC:TOSYY) Corp on Tuesday reported an 87.5% drop in third-quarter operating profit and cut its full-year earnings estimate for a second time. It also said Chief Operating Officer Goro Yanase had resigned over the inappropriate use of entertainment expenses in 2019 when he was an executive at Toshiba Energy Systems and Solutions Corp.

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  • Analysis-In China, Tesla Could Win Electric Vehicle Price Battle – But Lose The War

    Analysis-In China, Tesla Could Win Electric Vehicle Price Battle – But Lose The War0

    Slashed prices have given Tesla (NASDAQ:TSLA)’s China sales a pop, but analysts, and even fans, warn the U.S. automaker needs to up its long-term game to avoid choking on the dust of fast-moving rivals in the world’s biggest electric vehicle market. Most immediately, Tesla’s January price cuts drove deliveries of its China-made vehicles up 18%

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