Novartis misses Q4 net income expectations, extends forecast
Novartis on Wednesday reported a gain of 6% in fourth-quarter adjusted net income, helped by cost cuts and strong growth of recently launched drugs.
CNBC Daily Open: Tech earnings not impressing Wall Street
Tech giants Microsoft and Alphabet earnings both managed to beat top and bottom line estimates. Still, that wasn’t good enough for Wall Street.
Novo Nordisk hits $500 billion in market value as it flags soaring demand for Wegovy, Ozempic
Novo Nordisk, Europe’s largest company by market capitalization, on Wednesday reported better-than-expected 2023 earnings.
Saudi Arabia’s economy contracts again, dragged by oil cuts
The drop was a result of a 16.4% decline in oil activities, the report stated.
’50 shades of green’: UN’s Usher highlights financing challenge for companies still in green transition
The head of the United Nations’ Environmental Programme Finance Initiative said that there is still a “real challenge” to scaling the flow of investment to companies that are transitioning to become greener.
U.S.-China fentanyl talks get off to a ‘productive’ start, security advisor says
The U.S. and China had a “productive” first day of fentanyl talks, Jennifer Daskal, a deputy homeland security advisor, told NBC News’ Janis Mackey Frayer.
India will release its interim budget this week. Here’s what to expect
India’s finance ministry will present the country’s interim budget for financial year 2024 to 2025 on Feb. 1, ahead of the highly-anticipated general elections.
Evergrande’s liquidation crisis won’t be China’s ‘Lehman moment,’ China Beige Book COO says
A liquidation order to China Evergrande this week deepened concerns about China’s struggling property sector, but analysts say the spillover will likely be contained.
IMF ups emerging Asia growth forecast, warns of China property risks but says India is a bright spot
The International Monetary Fund remained optimistic on India but warned of risks from China’s deepening property sector crisis.
China’s manufacturing activity shrank for the fourth straight month in January
China’s factory activity contracted for a fourth straight month in January, data from the National Bureau of Statistics showed.
