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BIG-BOX retailer Walmart reported solid revenue growth on Thursday and said that it expects better sales and earnings for the full year, as customers feel the squeeze from higher tariffs…
US Treasury Secretary Scott Bessent said the Bank of Japan (BOJ) is falling behind the curve in addressing inflation, in a rare comment admonishing policy decisions by a foreign central…
But its overall financial position remains healthy with sufficient liquidity to meet its operational and financial commitments, says the group The Straits Trading Company is expected to…
OpenAI’s ChatGPT started a revolution in artificial intelligence (AI) development and investment. Yet nine-tenths of the technology and services that have sprung up since could be gone in…
Sovereign wealth fund GIC reported an annualised rolling 20-year real rate of return of 3.8 per cent for its latest period ended Mar 31, 2025. This rate of return – which accounts for…
Stellantis said on Monday (Jul 21) it expected the hit from restructuring costs and the initial impact of US tariffs to have pushed the carmaker to a 2.3 billion euro (S$3.4 billion) loss…
Its equity investment in Del Monte Foods and receivables due from the unit are expected to be subject to impairment Del Monte Pacific expects to record a capital deficit on its balance…
President Trump said he should know where Hamas stands on his proposal for a ceasefire with Israel within a day. Source link
Business performance is affected by increased operating costs, unfavourable foreign exchange movements, and a higher non-cash impairment of its investment in its joint venture Food…
Nike Inc.’s stock soared 15 percent and closed at $72.04 per share on Friday, one day after president and chief executive officer Elliott Hill told investors that the worst is behind them.…
Banks are ramping up their use of artificial intelligence (AI), and DBS – which has earned S$750 million through its use of the technology – estimates that its economic value could surpass…
Federal Reserve Chair Jerome Powell said on Wednesday goods price inflation will pick up over the course of the summer as President Donald Trump’s tariffs work their way to US consumers,…
Group chief executive Allison Kirkby said advances in artificial intelligence (AI) could deepen significant job cuts under way at the British telecoms company, the Financial…
Bruce Flatt, the billionaire chief executive officer of Toronto-based Brookfield, is understandably bullish on the prospects of alternative investments. The Canadian investment giant has,…
The People’s Bank of China has sought to keep the yuan stable and add support to the economy via interest-rate cuts ESE stocks are expected to benefit from further gains in…
Nippon Steel expects net profit to slide 43 per cent in the fiscal year ending March 2026, it said on Friday (May 9), citing a weak global steel market pressured by China’s exports and the…
Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and was disrupting its supply chain. Apple expects US tariffs to cost…
Apple on Thursday (May 1) reported first-quarter profit above expectations, but warned that US tariffs could cost the company and were disrupting its supply chain. Apple expects US tariffs…
After scrapping its previous full year forecast, The Estée Lauder Cos. now expects sales to drop by as much as 9 percent in 2025, but sees a return to growth next year. The bigger than…
Office and retail tenants are expected to hold off on their expansion plans amid uncertainty over the impact of US tariffs, said the manager of Suntec real estate investment trust (Reit).…
Keppel’s net profit rose more than 25 per cent for the first quarter ended March, driven by improvements in its real estate and asset management arms. These profits, compared to Q1 in…
Netflix, which financial analysts have crowned the undisputed subscription-streaming leader, kicks off the media and entertainment sector’s Q1 earnings this week. Wall Street anticipates…
AUSTRALIAN cash-strapped casino operator Star Entertainment said it expects to receive bailout offers on Friday but warned it might not be able to file its first-half earnings which should…
Capital A swung to an attributable loss of RM475.1 million (US$106.5 million) in 2024, from a profit of RM255.3 million in the previous year MALAYSIA’S Capital A Berhad, owner of budget…
