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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 9 per cent…
The terror group considers the agony of Gazans a useful weapon in the narrative war. From this perverted point of view, a famine would be welcome news. Source link
PARIS – China continues to weigh heavily on the Swatch Group, with the company posting Thursday an 88 percent slump in first-half net income to 17 million Swiss francs, or $21.1 million at…
Group strategists downgraded Thai stocks to neutral from overweight, citing recent political uncertainty which could impact policy direction and investor sentiment. Inflows…
The Trump administration’s policies have cast a shadow over Japanese cybersecurity firm Trend Micro, contributing to a slowdown in its first-quarter revenue, but the company believes that…
South-east Asia’s biggest budget airlines are pursuing a bruising capacity expansion race despite rising cost pressures that are squeezing profitability and led Qantas Airways to shut down…
SINGAPORE’S policymakers have always had an eye on efficiency. But efficiency may not be a convincing aim for citizens – as seen, for instance, with the perennial hot topic of Certificate…
Walt Disney is laying off several hundred employees across its film and TV businesses, cuts that underscore the entertainment industry’s contraction is far from over. The staff reductions…
LVMH is warning investors and analysts that demand remains soft after the luxury conglomerate missed revenue estimates for the first three months of the year, sources familiar with the…
Bank Indonesia has stepped up intervention this year and last month began intervening in the offshore non-deliverable forwards market Indonesia’s foreign-exchange reserves saw the…
European shares closed higher in a volatile session on Wednesday (Apr 30) as investors assessed key data around the world and corporate earnings, ending a sluggish month marred by US…
GROWING geopolitical concerns from the trade tensions between the US and China are compounding an already cautious outlook among investors on the pre-listing activities, as well as mergers…
What's New Former New York City Mayor Rudy Giuliani has launched a new product, Rudy Coffee, which he advertised in a commercial posted to his account on X, formerly Twitter, on Monday.…
TORONTO — Canada long sold itself as a beacon for immigrants, who were widely viewed as key to economic growth in a vast nation with a small and rapidly aging workforce. “Study, work and…
Tens of thousands of Volkswagen workers will participate Monday in strikes at plants across Germany, labor union IG Metall said, marking the largest walkouts at the carmaker’s domestic…
WEWORK is giving up space in two prime locations in Singapore, underscoring the company’s challenges in one of its most promising markets. One co-working space spanning the 17th to 20th…
GERMAN chemicals giant Bayer cut its forecast for 2024 operating earnings on Tuesday (Nov 12), after a poor performance in its agrochemicals division hit quarterly profits. The group…
Schaeffler will cut about 4,700 jobs in Europe and close two sites as a deepening slump at Volkswagen and other German carmakers ripples through their supply chains. About 2,800 of the job…
ANZ Group has unveiled an organisational overhaul, with an aim to streamline operations and enhance data analytics, the Australian lender said on Wednesday (Oct 30) as it sought to address…
INTERNATIONAL Business Machines (IBM) reported underwhelming sales as the company grapples with a slowdown in consulting demand. Sales increased 1 per cent to US$15 billion, slightly…
OIL futures fell on Friday (Oct 18), declining more than 7 per cent on the week after data showed China’s economic growth slowed and investors digested a mixed Middle East outlook. Brent…
FRENCH spirits maker Pernod Ricard said it still expected to return to sales growth in the 2024/25 fiscal year, despite reporting a bigger-than-expected fall in first quarter sales, caused…
Other labels such as Adidas, On and Hoka are helping the company outperform the market, chief executive says BRITISH sportswear retailer JD Sports Fashion is confident it will meet annual…
SHARES of Aston Martin Lagonda Global plunged after the luxury sports-car maker lowered its guidance for the year, blaming supply chain disruption and weak demand in China. The shares…
