Shares of Banco Santander jumped after Spain’s largest lender reported record profit in the fourth quarter and announced plans for 10 billion euros ($10.4 billion) in share buybacks from 2025 and 2026 earnings and anticipated excess capital.The bank’s net profit picked up by 11% year-on-year to 3.265 billion euros in the fourth quarter and by an annual 14% to 12.574 billion euros across the full-year stretch, as Santander noted a pick-up in customer activity, robust margin management and growth across operations — particularly in the core retail business. The lender added eight million new customers in 2024 to 173 million.The…
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A U.S. military plane with at least 100 aboard landed in India on Wednesday, officials said, the longest such deportation flight since President Trump took office and a sign that countries whose leaders he favors will not be spared his immigration crackdown.It appeared to be the first use of an American military aircraft to deport people to India, which is one of the top sources of unauthorized immigration to the United States. More than 1,000 Indians were sent back to the country last year on commercial flights.Officials in the government of Prime Minister Narendra Modi, who enjoys a close relationship…
An Apple Store in the Jiefangbei commercial district, adorned with a golden apple and snake motif to celebrate the Chinese Year of the Snake, on Jan. 14, 2025 in Chongqing, China. Cheng Xin | Getty Images News | Getty ImagesApple shares fell on Wednesday after Bloomberg reported that Chinese regulators are considering whether to open a formal probe into the iPhone giant’s App Store fees and policies.Shares of Apple were down 2.66% at 09:34 a.m. London time in premarket trading.The State Administration for Market Regulation (SAMR) is looking into policies that include Apple taking a cut of as much as 30%…
Google’s Munich headquarters on Jan. 31, 2025 in Munich, Germany. The company’s development center is located in Arnulfpark. More than 2,500 employees work for the US company at various locations in Germany. Matthias Balk | Picture Alliance | Getty Images U.S. President Donald Trump on Monday paused tariffs on Mexico and Canada (but, notably, not China), and, in so doing, also stemmed the dip in stocks, at least for now. Major U.S. benchmarks snapped a two-day losing streak in a relief rally.With the temporary respite in U.S. tariffs on key countries, investors could turn their attention to earnings. But what they saw on…
Traders work on the floor of the New York Stock Exchange on Jan. 28, 2025 in New York City.Michael M. Santiago | Getty ImagesS&P 500 futures fell early Wednesday after Google-parent Alphabet posted disappointing revenue, following a positive session for the major averages.S&P 500 futures and Nasdaq 100 futures slid 0.52% and 0.70%, respectively. Dow Jones Industrial Average futures was lower by 123 points, or 0.2%.Alphabet shares tumbled nearly 8% in extended trading after the Google-parent posted a cloud revenue miss, even as it ramps up spending on artificial intelligence, spooking investors who worried the megacap tech company will take…
It was a hectic Monday morning for Peter Mandelson, who was packing up his home before heading to Buckingham Palace for an audience with King Charles III, on the eve of becoming Britain’s ambassador to the United States.But the stress of leaving London may not compare to what awaits Mr. Mandelson when he lands in Washington on Wednesday. Few British diplomats have taken on a job as fraught with political risk as Mr. Mandelson’s. His first day at the embassy will coincide with President Trump’s 18th day in the Oval Office — and already, some of America’s sturdiest alliances are…
Santander posts record earnings, launches 10 billion euro share buybackA Santander office building in London.Luke MacGregor | Bloomberg via Getty ImagesSpanish lender Santander posted a 14% year-on-year increase in annual profit on Wednesday, with its full-year profit reaching 12.6 billion euros ($13.1 billion) in 2024. Full-year revenues in constant currency rose 10% from a year earlier to reach 62.2 billion euros.The bank said it marked the third consecutive year of record financial results, with its performance driven by the addition of 8 million new customers and strong revenue growth across all of its global businesses.It also announced it would launch a…
Poster and logo on the Coupole Tower, compagny Total’s head office renamed TotalEnergies in 2021 in the La Defense business district west of Paris in Courbevoie, France on 7 June 2024.Antoine Boureau | Afp | Getty ImagesFrench oil major TotalEnergies on Wednesday reported a sharp drop in full-year earnings, against a backdrop of lower crude prices and weak fuel demand.The oil and gas giant posted full-year 2024 adjusted net income of $18.3 billion, reflecting a 21% fall from $23.2 billion a year earlier.Analysts had expected TotalEnergies’ full-year 2024 adjusted net income to come in at $18.2 billion, according to an…
Medical bottles and syringe are seen with Novo Nordisk logo displayed on a screen in the background.Nurphoto | Nurphoto | Getty ImagesDanish pharmaceutical behemoth Novo Nordisk on Wednesday reported better-than-expected net profit in the fourth quarter, amid soaring demand for its Wegovy obesity drugs.Net profit for the fourth quarter came in at 28.23 billion Danish kroner, versus the 26.09 billion Danish kroner anticipated.The drug maker posted a 107% year-on-year increase in Wegovy sales to 19.87 billion Danish kroner ($2.76 billion) in the three months to the end of December, slightly missing the 20.02 billion Danish kroner forecast by analysts in…
“In 2024, global gold demand surged to a new quarterly high and a record annual total bolstered by heightened geopolitical and economic uncertainties,” said Shaokai Fan, global head of central banks at the World Gold Council.Shannon Stapleton | ReutersThe world’s demand for gold hit another record high in 2024 amid robust central bank purchases and investment demand growth, the World Gold Council said in its annual report.Total gold transactions came in at 4,974 tons last year, compared with 4,899 tons in 2023, including of over-the-counter (OTC) investments.”In 2024, global gold demand surged to a new quarterly high and a record…
