Societe Generale posts sharp profit drop as net banking income slides
Societe Generale on Thursday reported a sharp decline in fourth-quarter net profit on the back of weaker net banking income.
SoftBank’s Vision Fund logs $4 billion gain, its biggest in nearly 3 years, as tech valuations recover
SoftBank posted its first quarterly profit after four quarters of losses driven by massive gains at its flagship tech investment arm, the Vision Fund.
‘World is grateful’: India keeps oil prices cheaper by buying from Russia, Indian oil minister says
Global markets are thankful to India for purchasing Russian oil as it keeps crude prices affordable, said India’s oil minister, Hardeep Singh Puri.
China’s VC playbook is undergoing a sea change as U.S. IPO exits get tougher
The Chinese venture capital world that once hoped for giant U.S. IPOs similar to Alibaba’s is changing drastically.
Hainan Airlines is handing out Rokid AR glasses for in-flight entertainment
Hainan Airlines this week started handing out Rokid’s augmented reality glasses on a few routes for in-flight entertainment, the tech startup said Thursday.
Wynn is almost back in Macao and crushing it in Vegas even before Super Bowl, Chinese New Year
Both Macao locations and Las Vegas were strong while Boston Harbor was essentially in line with expectations.
China producer prices dip in January for a 16th month; consumer prices see biggest drop since 2009
Tepid prices highlight what China’s top leaders labeled as a “tortuous” economic recovery.
Crisis-hit Paytm in talks with top India officials after $2.5 billion market cap wipeout
Paytm’s chief executive was told to approach the country’s central bank in a short meeting with India’s finance minister, according to sources.
CNBC Daily Open: Banking fears stir once again
There appears to be no letup in Silicon Valley’s march to downsize, or rather to “right-size.”
Cathie Wood is standing by Tesla amid sharp sell-off, betting on robotaxi cycle in 2 years
Ark Invest’s Cathie Wood said she’s standing by her bullish thesis on Tesla and is buying the dip in the electric vehicle company as the stock sold off.
