Emirates NBD PJSC, the biggest bank by assets in the United Arab Emirates, beat analysts’ estimates with a 25 percent jump in first-quarter profit as interest income and fees growth offset a surge in bad loan provisions.
A Chinese online activist said Tencent Holdings Ltd. shut down his WeChat instant messaging account after he set up a chat group called “Shorting China” to share information on protecting human rights in the country.
Weibo Corp.’s done half the job that Twitter Inc. has in turning its microblogging users into earnings. That may explain why the Chinese company is seeking as little as half the valuation in its initial public offering.
Brink’s Co. plunged the most in two years after saying it will write down the value of its Venezuelan assets, showing how last month’s 88 percent currency devaluation is squeezing companies with cash in the country.