Stage. Both Beat Expectations on earnings and revenue, thanks in no small part to investments in no small part to investments in artificial intelligence, One Stand Out spot for alphabet was google cloud revenue which jumped 28 in quarter one. A lot of Generative Ai Tools that rely on the cloud to reach customers. Alphabet announced good news for investors, its first ever dividend of 20 cents per share, and first ever dividend of 20 cents pershare, and an first ever dividend of 20 cents per share, and an additional 70 billion buy back. That sent shares into double digits after the bill. For microsofts part, its Intelligent Cloud Division delivered greater revenue than expected thanks to Microsoft Partnership but with openai, the creator of chat gbd. And together, they should go some way through restoring confidence in the tech sector which was shaken wednesday after medas stock fell after its Earnings Report and the market was rattled by slowing us gdp and stubborn inflation. Lets stay
Rising for a fourth day, highest level since 2015. The upswings we are seeing, the synchronous upswing is continuing in global equities. German Investor Confidence today setting optimistic tone for europes biggest economy. To 20. 4. G germanys economy enjoying a strong run supported by domestic spending and solid global trading. The strongest expansion since 2011. That is the data highlighting germany today. Look at the difference between spain and germany going back to 2008, the financial crisis. Points, the lowest in eight years. It has narrowed for 13 of the last 14 days to 79 basis points. On friday, we had the big news from fitch, citing strong relatively broadbased economic recovery in spain. A great piece yesterday saying spain trading at a small premium to germany, reflecting prospects for strong growth and core status within the euro area. Those times are returning. Lets compare sterling to rbs. Currency traders might want to Pay Attention to the health of the u. K. Banking in
Several municipalities have declared a state of emergency. The storm is unusually large. Its expected to cut across new jersey over the next several hours. More than 6,000 houses have lost electricity. Barack obama made a direct appeal to people in the hurricanes path. The most Important Message that i have for the public right now is please listen to what your state and local officials are saying. When they tell you to evacuate, you need to evacuate. 370,000 new yorkers who live close to the water have already left. City officials have shut down the transit system. Businesses and shops have closed. Workers are piling up sand bags in front of subway entrances and buildings. Its vr important. This is the stop the water from going into the subway. Irene last year didnt look like this after it hit. They expect the storm will pound a wide area for several days. Sandy has interacted with cold air from the north and its become a post Tropical Cyclone. Its not a Tropical Cyclone anymore but t
Theta, there is no graceful exit here, folks. Ylor special Counsel Robert Mueller appears to be building the case the Trump Campaign was in close talks with brexit officials who wanted to defeat hillary clinton. Robert mueller revealed that a former trump foreignpolicy advisor pled guilty to line about his contacts with russian operatives. George papadopoulos is not cooperating with prosecutors. Meanwhile, Paul Manafort and an aide have been charged with Money Laundering. Congressional tax writers are considering a gradual phase in. According to people familiar with the matter, they looked at the schedule that would business traits from 35 to 35 in 2022. That would slash business taxes from 35 to 20 in 2022. The bank of japan reduced its forecast for inflation. The boj is under little pressure to take more action, though inflation is low below the 2 target. Catalonias Independence Movement is struggling to find a way ford. Off for belgium. They say he plans to seek asylum. Madrid has s
In the customs union. Now on bbc news, all the latest Business News live from singapore. The Bank Of Japan the bank ofjapan meets, as things go from bad to worse for corporate japan. We discussed the problems, and what needs to be done. And the of south koreas election, we hear from whistleblowers in the Culture Of Corruption which roared down the president. It is wednesday. Good morning, asia, hello, world. Glad you could join us for Asia Business report. I am you could join us for Asia Business report. Iam rico you could join us for Asia Business report. I am rico hizon. You could join us for Asia Business report. Iam rico hizon. We you could join us for Asia Business report. I am rico hizon. We start with japan, and companies there are making headlines for all the wrong reasons. Fuji has delayed its most recent Earnings Report after discovering accounting is regularities, and toshiba is restructuring its business after the colla Pse Restructuring its business after the collapse of i