Global Focus Financial News

By Kylie Madry and Fabian Cambero SANTIAGO/SAO PAULO (Reuters) - LATAM Airlines (OTC:LTMAY) on Thursday posted a 95% year-on-year fall in net profit in the fourth quarter to $84 million, as its operations stabilized after exiting bankruptcy in late 2022. The sharp drop for the final three months of 2023 reflected a normalization for LATAM...

(Reuters) -JPMorgan Chase CEO Jamie Dimon has sold about $150 million of his shares in the bank, a SEC filing showed on Thursday, marking the first time the head of the largest U.S. lender has sold shares since taking charge in 2005. Dimon and his family intend to sell 1 million of their 8.6 million...

(Reuters) -Meta Platforms\' Oversight Board said on Thursday it would include social media platform Threads under its purview, allowing users to appeal the company\'s content moderation decisions. The board said, in addition to the 130 million people using Threads, Meta will also be able to refer cases about content on the social media platform. Board...

(Reuters) -Singapore Telecommunications (SingTel) said on Friday its third-quarter underlying net profit came in at the same level as last year, as weak local operations offset growth in its information technology and Australian telecom units. SingTel, Southeast Asia\'s largest telecom company, said its underlying net profit for the quarter ended Dec. 31 was S$559 million...

By Brenda Goh and Praveen Menon SINGAPORE/SYDNEY (Reuters) -Airbus faces delays in introducing an ultra-long-range version of its A350-1000 jet designed for Qantas Airways\' non-stop Sydney-London flights because a regulator has asked it to redesign an extra fuel tank, a senior executive said. \"The regulator has asked us to redesign the centre tank on the...

-- Shares of aerospace firm Intuitive Machines Inc (NASDAQ:LUNR) rose sharply in after-hours trading on Thursday after the firm’s “Odysseus” lunar lander successfully touched down on the moon.  Shares of the firm jumped 50% to $12.41 by 19:27 ET (00:27 GMT). They had lost about 11% during the session on Thursday. Shares had also rallied...

-- U.S. stock index futures fell slightly in evening deals on Thursday after Wall Street notched record highs on the back of technology gains spurred chiefly by positive earnings and guidance from AI darling NVIDIA Corporation (NASDAQ:NVDA).  Cheer over Nvidia saw investors largely trade past warnings from the Federal Reserve that interest rates will stay...