Breaking News
Jan 13, 2023
  • Wipro Ltd said December quarter revenue rose 14.4% to ₹23,200 crore and net income increased 2.8% to ₹3,050 crore or ₹5.57 a share. Attrition rate fell to 21.2% from 23% in the previous quarter.
    • JPMorgan said fourth quarter revenue rose 18% to $34.5 billion and net income increased 6% to $11 billion or $3.57 a diluted share.
      • BofA said fourth quarter revenue rose 11% to $24.5 billion and net income edged up to $7.1 billion from $7.0 billion and diluted earnings per share increased to 85 cents from 82 cents a year ago.
        • Citigroup said fourth quarter revenue increased 6% to $18 billion and net income fell to $2.5 billion from $3.2 billion and earnings per share decreased to $1.16 from $1.46 a year ago.
          • Wells Fargo fourth quarter revenue declined 6% to $19.6 billion and net income plunged 57% to $2.8 billion from $5.7 billion and earnings per share fell to 67 cents from $1.38 a year ago.
            • Global markets rally lifted the U.S. indexes between 2.5% and 5.0% and European markets between 1.5% and 3% for the week.
              • The S&P 500 index extended weekly gain to 2.7% and the Nasdaq Composite index soared 4.8% after recession worries eased.
                • China's exports rose 7.7% and imports edged up 1.1% resulting in record trade surplus of $877.6 billion in 2022, despite the global slowdown and economic uncertainties.
                • Jan 12, 2023
                  • China's consumer price index rebounded
                    • European markets extended gains to 9-month highs on the expectations of moderating inflation worldwide and ahead of the U.S. inflation report later today.