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BNP Paribas posts record profit of 10.2 bn euros
BNP Paribas posts record profit of 10.2 bn euros
by  AFP

French bank BNP Paribas posted Tuesday a record profit of 10.2 billion euros, the latest in a series of European banks to ride the swell in interest rates to higher earnings. Net banking income -- what a bank earns from interest on loans minus interest paid depositors -- rose nine percent to 50.4 billion euros.

SoftBank Group reports $5.9 bn third-quarter loss on tech slump
SoftBank Group reports $5.9 bn third-quarter loss on tech slump
by  AFP

Japan's SoftBank Group on Tuesday reported a surprise $5.9 billion net loss in the third quarter, as a slump in the tech sector continued to hit the investment behemoth's bottom line. But it reported a record quarterly net loss for the first quarter, as tech shares tanked on interest rate hikes, a trend analysts said was likely to continue.

Nintendo cuts net profit forecast as chip shortage hits console sales
Nintendo cuts net profit forecast as chip shortage hits console sales
by  AFP

Nintendo cut its full-year net profit forecast on Tuesday, saying the global chip shortage and other supply chain problems had hit console sales in the nine months to December. But hardware sales by unit declined 21 percent on-year in April-December, "mainly due to a shortage of semiconductors and other component supplies that impacted production until around late summer".

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