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  • PRESS DIGEST- Wall Street Journal - Oct 21
  • Microsoft shares hit all-time high as earnings beat expectations

    Microsoft shares hit all-time high as earnings beat expectationsMicrosoft shares rose to an all-time high in after-hours trading on 20 October, after the software giant posted better-than-expected first quarter results. The rise in profits was helped by an 8% jump in cloud revenue to $6.4bn, with the firm reporting that the use of its Azure cloud computing platform had more than doubled since last year. The news sent Microsoft shares 6% higher to $60.73 in New York, overtaking its previous peak of $59.97 in 1999 during the dot-com boom.

  • DIARY-Hong Kong and China corporate earnings week ahead
  • Wall Street dips as telecoms slump; AmEx surges

    A trader works on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New YorkNEW YORK (Reuters) - U.S. stocks ended a choppy session on Thursday with a slight decline as investors digested the latest round of earnings, with a sharp drop in telecoms offset by gains in healthcare.

  • Ex-Goldman recruit drives HSBC's investment banking ambitions

    FILE PHOTO - The headquarters of HSBC in London's Canary Wharf financial districtBy Lawrence White LONDON (Reuters) - Using a rare hire from a Wall Street firm, HSBC is pushing hard to become the top European-based investment bank while its regional rivals struggle with regulatory fines and falling revenues. Former Goldman Sachs banker Matthew Westerman, who took over as head of the Global Banking division in May, has made sweeping changes in the drive to steal market share in a business area where HSBC lags most of its major peers. The London-based lender wants to capitalise on the waning fortunes of its German and Swiss competitors Deutsche Bank , Credit Suisse and UBS .

Quote of the Day

If you are never scared, embarrassed or hurt, it means you never take chances.- Julia Soul

Today's Word


Cheerfulness; merriment.

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