The Latest Breaking News from Refinitiv

High turnover could be costing companies billions of dollars–but investors wouldn't know under current reporting standards.

Apple Inc's results beat expectations on Thursday, showing off the tech giant's resilience in a slowing global economy thanks to better-than-expected iPhone sales and notable inroads in India and other newer markets.

Sony Group Corp on Friday said PlayStation 5 sales will jump by six million units this business year, but forecast its profit will slip from a record high as weaker financial services sales offsets gains from gaming, music and movies. The Japanese company said it expects operating profit in the…

Spotify Technology SA on Tuesday reported first-quarter monthly active users that crossed the half billion mark for the first time helped by the music streaming company's expansion into more markets. The number of monthly active users rose to 515 million in the quarter, beating Spotify's guidance and analysts' forecasts of…

The value of mergers and acquisitions with UK involvement fell by 60%

H&M, the world's second-biggest fashion retailer, reported on Thursday a surprise operating profit for the December-February period, despite weak demand as consumers curtailed spending amid soaring inflation. Operating profit in the Swedish group's fiscal first quarter was 725 million Swedish crowns ($69.73 million) against a profit of 458 million a…

SINGAPORE: Investors hoping to cash in on a boom in Chinese travel after nearly three years of coronavirus pandemic lockdowns are shifting into airports, hotels and duty-free operators and away from airlines subject to fluctuating fuel prices and more intense competition.

Turkish President Recep Tayyip Erdogan and Ukrainian officials say an unprecedented wartime deal that allows grain to flow from Ukraine to countries in Africa, the Middle East and Asia where hunger is a growing threat and high food prices are pushing more people into poverty has been extended

H&M, the world's second-biggest fashion retailer, reported on Wednesday a 12% increase in December-February net sales while, measured in local currencies, sales were up 3%. The Swedish group said net sales for the period, its fiscal first quarter, were up 12% from a year earlier to 54.9 billion crowns ($5.26…

Growth has leveled off — but profits are still pretty high.

The amount of grain leaving Ukraine has dropped even as a UN-brokered deal works to keep food flowing to developing nations, with inspections of ships falling to half what they were four months ago and a backlog of vessels growing as Russia's invasion nears the one-year mark. Ukrainian and some…