Billionaire Carlos Slim’s telecommunications giant America Movil SAB reported third-quarter profit of 2 billion pesos ($111 million) — 89% lower than a year earlier and well below expectations.
Stocks were under pressure and oil climbed as Iran intensified its rhetoric against Israel after an explosion at a Gaza hospital that complicated diplomatic efforts to rein in the Middle East conflict.
Apple Inc. Chief Executive Officer Tim Cook won backing from China’s commerce minister Wednesday for sharing the “dividends of the Chinese market” at a time when the company’s sales outlook in the world’s No. 2 economy has come under scrutiny.
Kenyan borrowers are being held back by economic headwinds including higher interest rates and increased taxes, according to the East African nation’s largest bank.
ASML Holding NV orders plunged in the third quarter amid a sector-wide slump in the semiconductor industry that has left the company increasingly reliant on revenue from China.
Nishad Singh, a former executive at FTX, told Sam Bankman-Fried that he was uncomfortable with the “super ostentatious” $30 million Bahamas penthouse the company bought as a corporate crash pad. But those concerns didn’t stop Singh from moving into the nicest room.
The European Central Bank shifted to the next stage of its digital-euro project — preparing the ground to issue the currency in the coming years, though a final decision has yet to be taken.
Rene Benko is pulling back from large parts of his retail empire as the Austrian real estate tycoon works to shore up his core business in landmark hotels and prime properties.
The US sanctioned several individuals associated with Hamas’ “secret” investment portfolio as well as two senior members of the organization’s leadership in a move designed to limit the group’s ability to raise funds following its attack on Israel.
Oil prices rallied and stocks fell as Iran intensified its rhetoric against Israel after an explosion at a Gaza hospital that complicated diplomatic efforts to rein in the Middle East conflict.
