News
ZTE profit rebounds after US sanctions lifted
China’s ZTE Corp reported a first-quarter profit of 862.6 million yuan ($128.2 million), as it recovered from last year’s US sanctions. Read more…
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News
Tencent profit declines sharply, warns of slower game launches
Tencent Holdings reports sharp drop in profit, hit by China’s regulatory review of new games and one-off charges, and warned of slower video game launches. Read more…
Off the Wire
Tata Consultancy Services reports record quarterly net profit
Tata Consultancy Services, India’s biggest listed company by market capitalisation, reported a record quarterly net profit, helped by gains in BFSI segment. Read more…
News
Korean giants LG and Samsung report significant drop in profits
LG Electronics reports fourth-quarter profit likely plummeted 80% while Samsung estimated a 29% drop in quarterly profit due to decreased demand. Read more…
News
Electric cars poised to boom but where’s the profit?
PARIS (Reuters) – Electric cars are poised to arrive en masse in European showrooms after years of hyped concept-car launches and billions in investment by automakers and suppliers. Now comes the hard part: selling them Read more…