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MASTERCARD beat Wall Street estimates for first-quarter profit on Thursday as customers kept up spending on its card network despite the economic uncertainty sparked by US President Donald…
WALL Street stocks rallied on Thursday after strong results from Microsoft and Facebook parent Meta offset lingering worries about an economic slowdown. Microsoft surged 7.6 per cent…
Electronic Arts, the global video game company, is slashing its workforce again. The company, based in Redwood City, Calif., has eliminated several hundred positions, including about 100…
Ryanair on Thursday (May 1) threatened to cancel orders for hundreds of Boeing aircraft if a US-led tariff war leads to materially higher prices, and said it could look at alternative…
HSBC said on Thursday (May 1) that chairman Mark Tucker will retire by the end of this year, after nearly eight years in the role at Europe’s biggest bank presiding over its dramatic…
General Motors cut its full-year profit outlook citing as much as US$5 billion of exposure to auto tariffs, among the biggest financial hits revealed by any company so far from President…
Tesla chair Robyn Denholm on Thursday (May 1) denied a Wall Street Journal report that said board members had reached out to executive search firms to find a new replacement for CEO Elon…
The fortunes of Big Tech are diverging in a rapidly changing business landscape, as demand for artificial intelligence fuels growth in cloud and digital ads while consumer electronics take…
CHINESE carmaker BYD has broken ground on a US$32 million passenger electric vehicle (EV) plant in Cambodia, marking its latest move to localise production as part of a broader global…
THE outcome of Australia’s tight federal election could be the next catalyst for local assets as a tariff standoff between the US and China continues to rattle markets. The benchmark…
If US President Donald Trump’s sole intention was to tank the US economy, he could not have done a more efficient job of it than his recent actions that have effectively caused a global…
[DUBAI/LONDON] Telegram is holding investor meetings about a bond sale worth about US$2 billion as the social media app seeks to refinance its debut debt offering from 2021,…
The Bank of Japan (BOJ) kept interest rates steady and cut its growth forecasts on Thursday (May 1), as uncertainty surrounding US tariffs clouds the outlook for the world’s fourth-largest…
The Bank of Japan (BOJ) kept interest rates steady and sharply cut its growth forecasts on Thursday (May 1), suggesting uncertainty surrounding US tariffs and the hit to exports could keep…
Tesla board members about a month ago reached out to several executive search firms to find a successor for CEO Elon Musk, The Wall Street Journal (WSJ) reported on Wednesday (Apr…
Airbus said it will not cover the cost of tariffs on its planes imported by US airlines, setting up a clash with carriers unwilling to shoulder surcharges imposed by US President Donald…
Alimentation Couche-Tard and Seven & i Holdings have signed a non-disclosure agreement that will give the Canadian company access to the 7-eleven operator’s financial data as it seeks to…
Apple Inc. violated a court order requiring it to open up the App Store to third-party payment options and must stop charging commissions on purchases outside its software marketplace, a…
Visa and stablecoin infrastructure provider startup Bridge are partnering to offer stablecoin-linked Visa cards to customers across multiple countries in Latin America, which the companies…
Tech giant Meta on Wednesday (Apr 30) reported quarterly profits that were well above expectations, brushing aside market worries that its heavy investments in cloud computing and…
The company’s use of generative artificial intelligence, including its “magical” listing tool, and improvements in search and targeted advertising are helping simplify both selling and…
Oil prices settled down on Wednesday (Apr 30) and recorded the largest monthly drop in almost 3½ years after Saudi Arabia signalled a move towards producing more and expanding its market…
Wall Street stocks finished mostly higher on Wednesday (Apr 30) after digesting a poor US GDP reading that was offset by solid consumer spending data. Markets opened sharply lower…
Huang says policies and support from the administration are crucial to accelerating the global diffusion of American AI technology Nvidia chief executive officer Jensen Huang said…
