ViacomCBS Q1 profit slumps on ad decline

ViacomCBS says first-quarter profit tumbled as the company suffered a 19 per cent decline in advertising revenue due in part to the cancellation of the NCAA “March Madness” men’s basketball championship this year. The New York owner of the CBS...

Rio Tinto faces climate heat at AGM

Global miner Rio Tinto has recommended shareholders vote against forcing it to set targets around the emissions of its steel-making customers, putting it on a collision course with investors over its climate policies. Investors have been pushing for corporate giants...

Stocks cheer China trade relief

World shares have climbed after Chinese exports proved far stronger than even bulls had imagined, while bond investors were still daunted by the staggering amount of US debt set to be sold and a tussle over ECB bond buying. Beijing reported exports rose 3.5 per cent...

Nintendo profit jump as people stay home

Japanese video-game maker Nintendo Co. has scored a 33 per cent jump in annual profit, as people stuck at home turn to playing games amid the coronavirus pandemic. Kyoto-based Nintendo, which did not break down quarterly numbers, said on Thursday its sales for the...

Judo Bank now valued at over $1 billion

Business-focused neobank Judo Bank has completed its third capital raise, taking its valuation to well over $1 billion. The bank said it raised the $230 million from existing shareholders, given the global economic uncertainty around the COVID-19 pandemic....