Japan's Nomura can ride choppy market, CFO says after bank posts record annual profit
  • April 24, 2025

Japan's Nomura can ride choppy market, CFO says after bank posts record annual profit

TOKYO (Reuters) -Japan's biggest investment bank and brokerage Nomura Holdings recorded a 27% rise in fourth-quarter net profit to hit its highest ever full-year profit as revenue grew in each of its business segments over the year. The results are for the period up to the end of March and do not account for the market turmoil that followed the U.S. tariff announcements in April, however Nomura can ride out the volatility, its chief financial officer said. "A certain degree of volatility really works in favour of our business," CFO Takumi Kitamura said at an earnings briefing.

Alphabet climbs as AI bets drive ad strength, quelling market fears
  • April 24, 2025

Alphabet climbs as AI bets drive ad strength, quelling market fears

(Reuters) -Alphabet shares jumped about 3% on Friday, after a solid earnings report from the Google parent showed investors that its bold bets on AI were fueling growth in the core advertising business, soothing some concerns around competition and tariff-related pressures. Google's advertising revenue rose a better-than-expected 8.5% in the first quarter, in a welcome respite to investors who were worried that a decline in U.S. ad spending amid global trade tensions could significantly dent the digital ad market. Industry data from early April that showed a sharp pullback in U.S. digital ad spending from Temu and Shein - the biggest advertisers on Google Search in the U.S. - further fanned fears.