SINGAPORE (Reuters) - DBS Group, Singapore's biggest bank, posted on Thursday a 15% rise in net profit in the first quarter to a record high of S$2.96 billion ($2.18 billion) from a year earlier, driven by strong total income growth.
($1 = 1.3600 Singapore dollars)
(Reporting by Yantoultra Ngui; Editing by Chris Reese)
By Anandita Mehrotra
(Reuters) - MGM Resorts International beat first-quarter Wall Street estimates on Wednesday, driven by strength in its China operations as the casino operator continues to benefit from easing post-pandemic entry restrictions.
Shares of the company were up about 3.14% in extended trading.
Casino operators such as MGM and Wynn have benefited from the surge in traffic at their gaming hubs in Macau after a... (continue reading...)
By Patricia Zengerle
WASHINGTON (Reuters) - U.S. President Joe Biden's administration faced renewed pressure on Wednesday from his fellow Democrats to influence Israel not to launch a full-scale invasion of Rafah, the city where almost half of the Gaza Strip's 2.3 million people have taken refuge.
Fifty-seven of the 212 Democrats in the House of Representatives signed a letter calling on the administration to take every possible measure... (continue reading...)
By Sameer Manekar
(Reuters) -National Australia Bank on Thursday posted a drop of about 13% in its first-half cash earnings as it grappled with high operating costs and cutthroat competition, but announced a share buyback program worth A$1.5 billion ($979 million).
NAB, the country's biggest business lender, reported a common equity tier 1 ratio, a closely watched measure of its spare cash, of 12.15% as of March-end, well above its target of... (continue reading...)
(Reuters) - Cognizant Technology Solutions beat Wall Street estimates for first-quarter revenue on Wednesday, helped by steady spending by clients, sending its shares up more than 4% in aftermarket trading.
Signs of improving business environment and expectations of interest rate cuts have encouraged clients to ramp up spending on technology and consulting services, helping firms such as Cognizant.
Cognizant said total headcount at the... (continue reading...)
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