Business – beeur

IBM quarterly sales growth highest in over two years on cloud strength

May 7, 2021May 4, 2021 - by beeurorg

International Business Machines Corp recorded highest quarterly sales growth in more two years and beat Wall Street targets on Monday, boosted by its bets in the high-margin cloud computing business. …

Business

Australia’s Afterpay considers U.S. listing as ‘buy now, pay later’ takes off

May 6, 2021May 4, 2021 - by beeurorg

Australian buy-now-pay-later company Afterpay said on Tuesday it is exploring a U.S. listing after North America became its biggest market, offering global investors an easier path to owning a stock …

Business

China’s market regulator investigates Alibaba

May 5, 2021May 4, 2021 - by beeurorg

China’s market regulator is investigating a joint venture between e-commerce giant Alibaba Group (9988.HK) and Minmetals Development, Minmetals said on Monday, amid a broad antitrust clampdown on internet firms. Minmetals …

Business

Japan’s Subaru to suspend production in Indiana on chip shortage

May 4, 2021May 4, 2021 - by beeurorg

Japanese automaker Subaru Corp said on Tuesday that it was suspending production at its plant in Indiana through the end of April due to a global shortage of semiconductors. Automakers …