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Bloomberg

Anglo American CEO Says Performance Bolstered by Higher Copper Prices

Anglo American Chief Executive Officer Duncan Wanblad discusses the company's performance after it posted a jump in profit and raised its dividend. Speaking on Bloomberg Television, he says the strength in Anglo American's performance has been "bolstered by higher copper price."

Read more: Anglo American CEO Says Performance Bolstered by Higher Copper Prices
Bloomberg

Gilbert: Meta On Hyperscaler Spend Without the Business

Microsoft shares surged in late trading after better-than-expected 4Q earnings, helped by continued strength in cloud computing and artificial intelligence. But Meta shares fell after a disappointing revenue forecast for the current quarter. It also reported the lowest free cash flow in years, a sign of ballooning AI spending. Josh Gilbert, APAC & Middle East Lead Analyst at etoro spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on some of the mag7 reporting.

Read more: Gilbert: Meta On Hyperscaler Spend Without the Business
Bloomberg

Shell Had Record Utilization in Refining Business, CEO Sawan Says

Shell Chief Executive Officer Wael Sawan says the company is "built to be able to handle volatility." He adds that Shell also had record utilization in its refining business. "We haven't seen that in over a decade," Sawan tells Bloomberg Television as the company said adjusted net income rose to $9.8 billion.

Read more: Shell Had Record Utilization in Refining Business, CEO Sawan Says