China Unicom is the latest Chinese telecommunications giant to be banned from the U.S. over "significant" national security and espionage concerns. Read more.
Tags : tech stocks
Microsoft reported fiscal second-quarter profit and revenue that beat expectations. The stock initially dipped in extended trading, but turned higher after the company issued a revenue forecast that also beat estimates. Revenue rose 20% from the year-ago quarter, compared with growth of nearly 22% in the previous quarter, it said in a statement. Microsoft's net income rose 21% to $18.77 billion. The company had $36.77 billion in unrealized revenue at year-end, below the StreetAccount consensus of $36.90 billion. Microsoft said it expects to book 45% of its remaining $152 billion in performance obligations next year. That's the first time that percentage has slipped below 50% since at
Pepkor expects headline earnings per share to increase by 94,7% to 114,7% (127,5 cents to 140,6 cents) for the financial year ending 30 September 2021. Read more.
The China State Administration for Market Regulation issued new draft rules earlier in the week which banned unfair competition in its internet sector. Read more