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Morgan Stanley posts higher profit on M&A boom

Global Business Magazine January 19, 2022

Morgan Stanley (MS.N) on Wednesday reported a 10% jump in fourth-quarter profit as the Wall Street investment bank capitalized on a boom Read More

Technology News World

Analysis: Sony faces deep-pocketed rivals in war over future of gaming

Global Business Magazine January 19, 2022

Sony Group (6758.T), perched atop the gaming sector, is facing a fresh challenge from cash-rich rivals betting on a next-generation online video Read More

Finance Economy News Regional

Most major Gulf bourses track oil prices higher

Global Business Magazine January 19, 2022

Most major Gulf stock markets rose in early trade on Wednesday, amid strong oil prices, with the Saudi index holding steady at Read More

Banking News World

Morning Bid: Goldman Sachs adds another layer of stress

Global Business Magazine January 19, 2022

For all the turmoil across financial markets yesterday, the Nasdaq creeping dangerously near correction territory and closing below a key 200-day moving Read More

Technology News World

EXCLUSIVE Bain Capital nears $2.27 bln deal to buy French IT services firm Inetum – sources

Global Business Magazine January 19, 2022

U.S. buyout fund Bain Capital is in final talks to buy French IT services firm Inetum in a deal worth about $2.27 Read More

Technology News World

Oracle opens data centre to provide cloud services across Africa

Global Business Magazine January 19, 2022

Oracle (ORCL.N) opened a data centre in South Africa on Wednesday to provide local cloud services across Africa for the first Read More

Finance Economy News World

Euro zone inflation to burn hotter, but ECB rates to stay on ice: Reuters poll

Global Business Magazine January 19, 2022

Euro zone inflation is set to burn hotter throughout 2022 than expected a month ago, according to economists polled by Reuters, which could Read More

Banking Finance News World

Goldman profit hit by weaker trading, rising expenses; shares tumble

Global Business Magazine January 19, 2022

Shares in Goldman Sachs Group (GS.N) fell as much as 8% Tuesday after Wall Street's premier investment bank missed quarterly profit expectations, Read More

Business Economy News World

Higher interest rates may cause Japan’s debt-servicing to top 30 trln yen in FY2025 – draft

Global Business Magazine January 19, 2022

Japan's debt servicing costs would exceed 30 trillion yen ($261.55 billion) for the first time ever in fiscal 2025 if interest rates rise by 1% more Read More

Business Economy News Oil & Gas Omicron World

Oil market headed for surplus as Omicron impact muted -IEA

Global Business Magazine January 19, 2022

Oil supply will soon overtake demand as some producers are set to pump at or above all-time highs, the International Energy Agency (Read More

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