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Markets

Microsoft cloud revenue regains momentum, sending profit above Street estimates

Microsoft Corp on Wednesday reported quarterly sales and profit that beat Wall Street expectations, driven by the first acceleration of Azure cloud computing revenue growth in eight quarters amid a pitched battle with Amazon.com Inc’s cloud unit.

Markets

British car production falls at quickest pace since recession

British car output dropped last year at the fastest rate since the 2008-9 recession, hit by slumping exports and diesel demand, as an industry body called for an ambitious post-Brexit trade deal to protect the sector.

Markets

Trading liquidity tops FX market’s concerns in 2020: survey

The ability to buy and sell foreign exchange whenever needed with minimal market impact is seen by currency traders as the biggest challenge for 2020, according to an annual client survey by JP Morgan published on Thursday.

Markets

Japan Display shares suspended after fresh report of Ichigo stake

The Tokyo Stock Exchange on Thursday suspended trading in shares of Japan Display Inc after the Nikkei business daily reported that Ichigo Asset Management would inject about 100 billion yen (US$900 million) into the company.

Markets

Jaguar Land Rover CEO Ralf Speth to step aside in September: FT

Jaguar Land Rover's Chief Executive Officer Ralf Speth will step down in September when his contract ends, but will retain an advisory role at the British carmaker, the Financial Times reported on Wednesday.

Markets

Microsoft gets lift from rise in earnings

WASHINGTON: Microsoft said on Wednesday (Jan 29) that its profits rose sharply in the past quarter, boosted by improving sales across a range of consumer products and business services, sending its shares higher. Overall profit for the quarter ending Dec 31 rose 38 per cent from a year ago...

Markets

Facebook reaches US$550 million settlement in facial recognition lawsuit

Facebook Inc said on Wednesday it reached a US$550 million settlement in principle related to a lawsuit that claimed it illegally collected and stored biometric data for millions of users without their consent.

Markets

Facebook misses expectations for cost control, revenue growth slowing

Facebook Inc said on Wednesday that growth would continue to slow as its business matured and it reported a surge in quarterly expenses, disappointing Wall Street expectations that the costs of improving privacy would level off.

Markets

Wells Fargo files for up to US$66 billion mixed shelf offering

Wells Fargo & Co filed a mixed shelf offering of as much as US$66 billion with the U.S. Securities and Exchanges Commission on Wednesday, and said it would use part of the proceeds to repurchase shares and pay down debt.

Markets

FCC to move forward on C-Band auction, may back incentives to shift spectrum: source

The Federal Communications Commission plans to move ahead in February with a planned public auction to free up spectrum in the key C-band and could endorse "low single-digit billion-dollar" incentive payments to shift existing satellite users, a person familiar with the matter said.

Markets

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