Oracle to Invest $8 Billion in Cloud Services in Japan

The U.S. computer technology company said the investment will meet the growing demand for cloud computing and artificial intelligence infrastructure in the world's fourth-largest economy. 


 
TSMC Profit Rises on Demand for Advanced Chips

The results follow three straight quarterly declines and benefit from a global boom in artificial intelligence. 


 
TikTok Ban Measure Attached to House Foreign Aid Bill, Boosting Odds of Passage

The legislation would extend the sale period for the popular Chinese-controlled app in the U.S. to seek new owners. 


 
Nokia Expects Demand in Mobile Networks to Pick Up

Nokia posted first-quarter earnings that beat expectations and said the period marked the low point in mobile networks demand, with activity expected to progressively pick up through the remainder of 2024. 


 
Apple to Spend More Than $250 Million to Expand Singapore Hub

Apple will invest more than $250 million to expand a regional hub in Singapore to support growth and new undertakings in artificial intelligence, as the U.S. tech giant seeks to diversify its footprint in Asia and cut exposure to China. 


 
BHP Maintains Annual Guidance as Third-Quarter Iron-Ore Production Falls 7%

BHP Group maintained its annual iron-ore production guidance after third-quarter volumes fell by 7% compared with the prior three months. 


 
Danone Backs Outlook as Sales, Volumes Beat Estimates

Danone said it expected like-for-like sales growth of between 3% and 5% in 2024, and confirmed it anticipated a moderate improvement in recurring operating margin. 


 
Esprit Shares Gain on Deal for Possible Private Equity Injection

Esprit shares surged after the troubled fashion retailer said it was on the cusp of winning investment from an international private-equity group. 


 
Santos's Oil, Natural Gas Output Fell 7% in First-Quarter

Santos said its oil and natural gas production fell by 7% in its latest quarter, after its operations were disrupted by bad weather and planned maintenance. 


 
Google Fires 28 Employees for Protesting Company's Cloud Deal With Israel

A joint contract with Amazon has drawn the ire of tech workers.


(END) Dow Jones Newswires

04-18-24 0315ET