Wealth managers at the big global banks are tempering their expectations for Asia, their fastest growing market, after China's regulatory crackdown and COVID-driven slowdown helped to push clients to the sidelines, bankers and analysts said.
Mark Zuckerberg's net worth stands at $73.6 billion. He is currently the 15th richest billionaire.
U.S. Treasury Secretary Janet Yellen urged the World Bank and other multilateral development lenders to accelerate infrastructure investments in emerging market countries as part of a concerted effort by the G7 wealthy democracies to counter China's multitrillion-dollar Belt and Road initiative.
Drugmaker Bristol Myers Squibb posted slightly better-than-expected first-quarter earnings on Friday on growth of sales of its blood thinner Eliquis and cancer drug Opdivo, but said it no longer expects sales growth in 2022 due to stiff generic competition overseas for blood cancer drug Revlimid.
Exxon Mobil Corp said on Friday it doubled its first-quarter per-share profit, but the results fell short of Wall Street estimates, even excluding a $3.4 billion writedown from its withdrawal from Russia.
Exxon Mobil Corp doubled its first-quarter per-share profit, it said on Friday, but the results fell short of Wall Street estimates, even excluding a $3.4 billion writedown from its withdrawal from Russia.
Exxon Mobil Corp doubled its first-quarter per-share profit on Friday, boosted by surging oil and gas prices even as it took a $3.4 billion writedown from its planned exit from its Russian operations.
Chevron Corp's first-quarter profit nearly quadrupled from the same period a year ago, easily surpassing Wall Street's forecasts as oil and gas prices surged following Russia's invasion of Ukraine.
Chevron Corp on Friday posted its highest quarterly profit in 10 years as oil and gas prices surged, and said on Friday it was looking to boost investment in natural gas on rising world demand.
Chevron Corp's first-quarter profit leapt from the same period a year ago to its highest in 10 years, benefiting from the surge in oil and gas prices in the aftermath of Russia's invasion of Ukraine.
Elon Musk's $44 billion takeover of Twitter is helping provide ammunition for an upcoming trial where an investor will argue the CEO's $56 billion pay package from Tesla Inc is a waste of money that failed to secure his full-time services.
In recent years, Amazon.com Inc has spent billions of dollars on new warehouses that cut into profits, explaining to investors that it had no choice but to meet ever-rising consumer demand.
Eurozone economy hit by Ukraine war fallout
Prosecutors, federal police and other officials searched Deutsche Bank's headquarters in Frankfurt on Friday in a move Germany's largest lender said was linked to suspicions of money laundering it had reported to the authorities.
French growth crashes to zero in first quarter
Philippe Donnet kept his job as chief executive of Italian insurer Generali on Friday, surviving a challenge from rebel domestic investors who retained board seats and vowed to keep up the pressure for reform.
Tata Motors plans to launch electric cars with a minimum range of 500 kilometres (310 miles) and advanced technology features, targeting buyers in India and beyond, the company said on Friday.
Tata Motors said on Friday it plans to launch electric cars with a minimum range of 500 kilometres (310 miles) and advanced technology features, targeting buyers in India and beyond.
Finland's Nokian Tyres is still running its Russian factory and as long as it stays in the company's hands production there will not support Russia's war in Ukraine, CEO Jukka Moisio told Reuters in an interview.
Taiwan's Delta Electronics Inc, a supplier of power components to companies such as Apple Inc and Tesla Inc, is expanding manufacturing "everywhere" on a boom in electric vehicles and servers, it said on Friday.
Tesla recalls second batch of cars in China on safety concerns
Mercedes-Benz is looking at energy alternatives should Russia cut gas deliveries and is working closely with German authorities to ensure energy supplies, the premium carmaker's top executive said on Friday.
New Nordic airline Norse Atlantic started ticket sales on Friday for budget transatlantic flights, hoping to succeed where Norwegian Air spectacularly failed, by betting on aircraft leased at rock-bottom rates during the pandemic.
This month's dive in China's currency has revived memories of past routs but market participants say increased foreign holdings of yuan assets mean authorities are much less likely to curb the selling than they were in previous years.
Shares in Novo Nordisk jumped on Friday after the firm lifted its 2022 sales and operating profit guidance on the back of forecast-beating first-quarter earnings, driven by strong sales of its newer diabetes and obesity treatments.
Spanish bank BBVA beat forecasts on Friday with a 36.4% year-on-year rise in first quarter net profit, driven by a strong performance in emerging markets, led by Mexico.
Spain's BBVA beat forecasts on Friday with a 36.4% year-on-year rise in first quarter net profit, driven by a strong performance in emerging markets, while competitor Caixabank suffered some pressure on lending income.
As Germany speeds up investment in renewables, the energy consumption of its carmakers reveals just how reliant the country's most important industry is on fossil fuels, a Reuters analysis of environmental data shows.
Marcos Jr rejects debate challenge ahead of Philippine presidential poll
European planemaker Airbus looks set to raise narrowbody jetliner production for 2024 after reaching a compromise deal with at least two suppliers following months of wrangling over the speed of post-pandemic recovery.
