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2024 PRETAX PROFIT
There are bulls and bears, and also ducks. When Warren Buffett warned against being a stock market duckWarren Buffett mentioned a metaphor that should haunt every investor who has ever felt clever during a rising market: The preening duck tha...- Berkshire Hathaway profit rises despite consumer stress, cash sets recordBerkshire Hathaway reported stronger Q1 operating profit despite economic headwinds impacting consumer businesses. Led by Warren Buffett an...
- Warren Buffett: Why ‘risk’ doesn't mean what Wall Street says it meansIn a letter to shareholders, Warren Buffett declared war on one of finance's most sacred concepts: Beta. The academics had it backwards, he...
- The myth of India’s extreme inequality: What the data gets wrongRecent studies reveal a misrepresentation of income inequality in India, challenging the commonly accepted pre-tax Gini coefficient of 0.61...
- BMW braces for another year of tariff and China strugglesBMW anticipates a challenging 2026. The German automaker expects a drop in pre-tax earnings and flat car deliveries. Trade barriers and fie...
- Standard Chartered India profit rises 11% despite shrinking loan bookStandard Chartered Bank reported an 11% rise in India pretax profit to $333 million in H1 2025, aided by cost control despite an 8% drop in...
- Reliance Industries becomes first Indian company to cross total equity of over Rs 10 lakh croreReliance Industries reports a rise in its March quarter net profit. The company's retail business rebounded. Its oil business defied the gl...
- Julius Baer close to appointing ex-HSBC CEO Quinn as its chair, Bloomberg News reportsSwiss bank Julius Baer is nearing the appointment of former HSBC CEO Noel Quinn as its next chairman, according to Bloomberg. This comes af...
- HSBC eyes $1 billion in perpetual additional Tier 1 dollar bond issue: ReportThe term sheet did not outline the deal size, but the source said the bank was aiming to raise $1 billion. The source could not be named di...
- Provision rise drags down StanC 2024 India profitStandard Chartered's India profit before tax rose just 3% to $308 million in 2024, impacted by a 1.5x rise in provisions. Despite a 10% ope...
- HSBC India's pre-tax profit up 11% in 2024HSBC, Europe's largest lender by assets, reported an 11% increase in pre-tax profit in its Indian operations to $1.68 billion for the last ...
- Swiss bank Julius Baer to cut workforce by 5% in new CEO's shake-upSwiss bank Julius Baer plans to cut its workforce by 5%, or around 400 jobs, as part of cost-saving measures under new CEO Stefan Bollinger...
- HSBC books 10% profit rise for third quarter, launches $3 bln buybackHSBC Holdings reported a 10% increase in third-quarter profits, surpassing analyst predictions. The bank also announced an additional $3 bi...
- HSBC India pre-tax profit rises 4% in first half of 2024Hong Kong and Shanghai Banking Corp saw a 4% increase in profit from its Indian operations during the first half of 2024, with earnings rea...
- Standard Chartered's India profit steady at $204 million amid rising incomeStandard Chartered's profit from India remained unchanged at $204 million in the first half of 2024 compared to a year earlier despite a 5%...
- Japan's Nomura triples profit in Q1 as end of deflation spurs wealth managementThe results show the progress Nomura has made in shifting toward a fees-based profit model in order to secure more consistent revenue that ...
- GAIL Q4 Results: Net profit triples on gas transmission business turnaroundState-owned gas utility GAIL (India) Ltd on Thursday reported more than tripling of its fourth quarter net profit after the natural gas tra...
- Ford slows EVs, sends a truckload of cash to investorsFord is slowing investment in new EV capacity to match slower demand following a seismic change in EV pricing over the past year, Ford exec...
- General Motors shares jump 9% as CEO Barra promises shareholders more cashBarra highlighted moves to return cash to shareholders, including $12 billion in 2023 through a $10 billion share buyback and a 33% dividen...
- British online bank Revolut's revenue jumps 45% to $1.2 billion in delayed 2022 accountsThe London-based fintech said revenue for the year rose to £922.5 million ($1.2 billion), while pretax loss was £25.4 million ($32.2 millio...
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