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$Alibaba (BABA.US)$Alibaba, reported a 14% increase in revenue for the quarter ending June 30. This is the most significant rise since September 2021.
Here’s some highlights from their financial report:
- Revenue of $32.29 billion, surpassing expectations of $31 billion.
- Net income increase of 51%, reaching $4.74 billion.
- Taobao and Tmall showed a 12% rise in revenue. Furthermore, the Taobao online shopping app witnessed an approximately 7% increase in daily users...
Here’s some highlights from their financial report:
- Revenue of $32.29 billion, surpassing expectations of $31 billion.
- Net income increase of 51%, reaching $4.74 billion.
- Taobao and Tmall showed a 12% rise in revenue. Furthermore, the Taobao online shopping app witnessed an approximately 7% increase in daily users...
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Fitch Ratings is worried about the health of the US banking sector. Back in June, Fitch slightly reduced its outlook on the banking industry. While this change went mostly unnoticed by the public, any further reductions could have significant implications.
Analyst Chris Wolfe from Fitch said if the banking industry's score is downgraded again from AA- to A+, it might lead to rating reassessments for many other US banks. Such a shift in ratings coul...
Analyst Chris Wolfe from Fitch said if the banking industry's score is downgraded again from AA- to A+, it might lead to rating reassessments for many other US banks. Such a shift in ratings coul...
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$UOB (U11.SG)$ dividend pay date.
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