Morgan Stanley revises earnings, boosts compensation

Wed, 28 Feb 2018 - 07:38 GMT

Morgan Stanley expects its overall tax rate from continuing operations this year to be 22 to 25 percent, depending on where its earnings come from globally.

World stocks post best week in two years, dollar climbs

Sat, 17 Feb 2018 - 10:01 GMT

The dollar rose and stocks around the globe rallied for a sixth straight session on Friday to post their best week in more than two years.

Gold miner Centamin reports 2017 profit fall

Wed, 31 Jan 2018 - 12:14 GMT

Centamin posted a 13% fall in core profit in 2017 Wednesday as gold production fell and costs rose but the miner declared a final dividend that beat consensus.

EasyJet annual profit drops 30% as competition bites

Tue, 21 Nov 2017 - 11:10 GMT

EasyJet's annual net profit slumped by almost one third on strong competition and a Brexit-fuelled slump in the pound.

European shares edge higher as SocGen weighs on banks

Fri, 03 Nov 2017 - 09:03 GMT

European shares crept higher in early deals on Friday as earnings weighed on shares in French bank Societe Generale and Dutch telecoms firms Altice.

Nintendo nearly doubles net profit forecast on Switch console

Mon, 30 Oct 2017 - 10:02 GMT

Nintendo nearly doubled its full-year profit forecast Monday as it pointed to sizzling sales of its Switch games console and a cheaper yen.

Japan's scandal-hit Kobe Steel yanks profit forecast

Mon, 30 Oct 2017 - 09:43 GMT

Japan's crisis-hit Kobe Steel on Monday yanked its net profit forecast for the current fiscal year.

Asian shares gain after upbeat earnings from U.S. tech titans

Fri, 27 Oct 2017 - 08:50 GMT

Asian shares gained on Friday as technology stocks were boosted by upbeat earnings from U.S. high-tech giants.

H. Kong shares follow WS higher as ECB extends stimulus

Fri, 27 Oct 2017 - 08:49 GMT

Hong Kong stocks ended the week on a firmer footing, after an encouraging slew of earnings from U.S. tech giants buoyed W. Street and the ECB extended its stimulus.

Visa quarterly profit rises 11 percent

Wed, 25 Oct 2017 - 11:43 GMT

Visa Inc, the world’s largest payments network operator, reported an 11 percent increase in fourth-quarter profit on Wednesday.

GE stock drops as profit misses, CEO cuts forecast

Fri, 20 Oct 2017 - 12:40 GMT

General Electric Co's third-quarter profit missed Wall Street estimates by a wide margin on Friday and the industrial conglomerate slashed its earnings forecast.

Dow pierces 23,000 but finishes below milestone

Wed, 18 Oct 2017 - 01:20 GMT

The Dow Jones Industrial Average briefly broke above the 23,000-point mark on Tuesday, driven by strong earnings from UnitedHealth and Johnson & Johnson.

Cyclical sector rally banks on global economic expansion - wires

Sat, 14 Oct 2017 - 05:33 GMT

U.S. stock sectors that are particularly dependent on economic growth recently grabbed hold of the market’s rally.

SODIC posts LE 342M profits, Revenues hit LE 1.17B in H1

Thu, 17 Aug 2017 - 03:43 GMT

Total revenues went up to LE 1.17 billion in H1 of 2017 from LE 624 million in H1 of 2016 and hit LE 469 million in Q2 of 2017, increasing from LE 436.7 million in the year-ago period.

Telecom Egypt posts LE 4.6B revenues, EBITDA hit LE 1.5B in Q2

Tue, 15 Aug 2017 - 01:12 GMT

Telecom Egypt’s net Profit after tax grew 22 percent to LE 1.3 billion in the second quarter of 2017, representing a net profit margin of 27 percent.

Dubai index capped by quarterly earnings, IHG to list in Qatar

Mon, 14 Aug 2017 - 11:05 GMT

Weak quarterly earnings from some of the most active shares in Dubai may keep that index capped on Monday.

Vodafone Egypt posts LE 4.5B revenues in Q1 of 2017

Tue, 25 Jul 2017 - 09:12 GMT

Vodafone Egypt achieved LE 4.5 billion ($0.25 billion) revenues in the first quarter of 2017, with a 25 percent increase year-on-year.

Egyptian firms’ earnings to hike 46% in Q2 of 2017: Report

Tue, 11 Jul 2017 - 11:23 GMT

Egypt’s aggregate earnings are likely to rise by 46 percent year-on-year to LE 11.6 billion in the second quarter of 2017.

CIB posts 1.73B EGP net income in Q1

Thu, 11 May 2017 - 03:20 GMT

CIB recorded a net income of 1.73 billion EGP ($95.36 million) during the first quarter of 2017.