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China’s ICBC, Agricultural Bank post profit drops on margin squeeze

by Anas Siddiqui
China’s ICBC, Agricultural Bank post profit drops on margin squeeze

Industrial and Commercial Bank of China (ICBC), the nation’s largest lender, reported its first decline in quarterly profit in more than a year as margins continue to contract. Net income …

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Alibaba increases share buy-back by US$25 billion as profit and revenue miss estimates

by Anas Siddiqui
Alibaba increases share buy-back by US billion as profit and revenue miss estimates

Alibaba said it had approved an increase of US$25 billion in its share repurchase programme through the end of March 2027. Following this increase, the e-commerce company will have US$35.3 …

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