World News

Revolut raises $250 million in funding at $1.7 billion valuation

Fintech firm Revolut raised $250 million bringing its valuation to $1.7 billion, the company said Thursday. The London-based firm provides a debit card which allows people to spend money in 150 currencies with no fees at a real-time exchange rate. the item has since expanded services to offer a current account, cryptocurrency trading along with insurance. DST Global, a company ...

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Shell earnings surge as oil prices rebound

“I think the problem with the numbers This specific morning will be that will the cash flow generation was disappointing. The earnings were very strong nevertheless This specific didn’t get pulled through into cash generation,” Jason Gammel, equity analyst at Jefferies, told CNBC’s “Street Signs” on Thursday. Shares of Royal Dutch Shell were trading almost 3 percent lower during mid-morning ...

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Samsung warns about slowdown in global smartphone market

Samsung Electronics posted record first-quarter profits on Thursday, however warned about a slowdown in its display panel segment. of which could be bad news for Apple’s iPhone X. “Generating overall earnings growth across the company will be a challenge due to weakness inside the display panel segment in addition to also a decline in profitability inside the mobile business amid ...

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China’s smartphone market plunges; Apple falls out of the country’s top-4 sellers

China’s smartphone sales saw a record decline within the first quarter of 2018, according to a completely new report by independent analyst company Canalys. According to the report published Thursday, smartphone shipments in China saw a 21 percent decline annually to 91 million units, with eight of the top 10 vendors experiencing a fall in sales. Apple saw itself displaced ...

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What you need to know about the globally important group

ASEAN was founded at the height of the Cold War to contain communism, nevertheless This particular today counts communist countries among its members. via the 2000s, China began to court the group more actively through trade along with investment, along with Asia’s largest economy is usually currently ASEAN’s biggest trading partner. The South China Sea issue has emerged as a ...

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Barclays along with Paypal announce tie-up as banks mull big tech threat

Matt Crossick/PA Images via Getty Images Barclays Bank’s UK headquarters in Canary Wharf, London. British bank Barclays along with digital payments firm PayPal have announced a partnership which will see them explore ways to combine their services for customers, Barclays said on Thursday. The pair aim to allow Barclays customers from the United States along with Britain to use their ...

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Facebook earnings Q1 2018

This kind of’s still early, however Wednesday’s report showed in which advertisers weren’t too deterred by the latest negative press about Facebook: Ad revenue jumped 50 percent via the year-ago period. The average revenue per user hit $5.53, better than the $5.35 expected by analysts surveyed by StreetAccount. Facebook’s financial results for the quarter in which ended March 31 reflected ...

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Qualcomm gains on earnings beat

Qualcomm reported quarterly earnings as well as revenue that will beat analysts’ expectations on Wednesday. Shares of the semiconductor company gained close to 2 percent after the announcement. Here’s how the company did compared with what Wall Street expected: Earnings: 80 cents per share vs. 70 cents per share forecast by Thomson Reuters Revenue: $5.23 billion vs. $5.19 billion expected ...

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Facebook cash rose to $44 billion in first quarter

By contrast, Alphabet’s cash during that will stretch has increased 37 percent to $102.9 billion, while Apple’s has jumped 32 percent to $285.1 billion. Facebook shares climbed in extended trading on Wednesday after earnings as well as revenue sailed past analysts’ estimates. The company is actually proving that will even with the Cambridge Analytica scandal as well as concerns over ...

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dollar moves, earnings in addition to oil in focus

Asia markets are set to open mixed on Thursday, likely taking cues via modest gains on Wall Street, where the Dow closed higher for the very first time in six sessions. Nikkei futures in Chicago traded at 22,375 in addition to Osaka futures were at 22,290. The Japanese benchmark index last closed at 22,215.32. Australia’s SPI futures traded at 5,909, ...

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