Culture
HSBC first-half profit slumps 26% as China losses mount
[ad_1] [HONG KONG/LONDON] HSBC Holdings reported a 26 per cent slide in first-half pretax profit on Wednesday (Jul 30), missing analyst estimates, as impairments from its investment in China’s Bank...
Samsung’s big Tesla order fuels recovery bets despite chip woes
[ad_1] [HONG KONG] Samsung Electronics’ surprise US$16.5 billion chipmaking deal with Tesla has breathed new life into a foundry business all but written off by many investors.Its stock has risen...
Asia: Markets mixed as China-US talks end, eyes on tech earnings
[ad_1] [HONG KONG] Asian markets were mixed on Wednesday as investors kept tabs on China-US developments after they agreed to further talks to extend their trade truce, while eyes were...
Citigroup hiring for Asia rates, prime teams on hedge fund flows
[ad_1] [HONG KONG] Citigroup plans to increase headcount in its Asia rates and prime businesses by 5 to 10 per cent over the next year to cope with booming demand...
Seatrium halts trading of shares ahead of H1 earnings
[ad_1] This is coming one day before it is due to announce its first-half earnings – on Jul 31[SINGAPORE] Seatrium called for trading of its shares to be halted with...
Gold holds steady ahead of Fed policy statement
[ad_1] [BENGALURU] Gold prices steadied on Wednesday (Jul 30) as investors held back on making big bets ahead of the US Federal Reserve’s policy statement later in the day for...
Visa beats quarterly estimates on resilient consumer spending but steady forecast drags shares
[ad_1] [BENGALURU] Visa beat Wall Street estimates for third-quarter profit and revenue on Tuesday (Jul 29), as the global payments processing company was helped by strong card spending volumes despite...
Starbucks CEO details brand reset plan as turnaround efforts drive sales beat
[ad_1] STARBUCKS reported better-than-expected revenue rise for the third quarter, as demand in China improved while investments in labor and store operations, and changes to the menu helped it offset...
P&G estimates US$1 billion tariff hit, plans some US price hikes
[ad_1] [NEW YORK] Procter & Gamble executives projected a US$1 billion hit from US tariffs over the next year on Tuesday as the consumer products giant said it would institute limited...
Acquisitions: The Secret to Exponential Growth
[ad_1] Over the past few years, I’ve led Hawk Media through the acquisition of more than 20 companies—other agencies with amazing talent. This wasn’t just a random buying spree; it...
