Business
HSBC first-half profit falls 26%, misses estimates
— reported a 26 per cent slide in first-half pretax profit on Wednesday, missing analyst estimates, as impairments from its investment in…
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Business
Business
HSBC first-half profit slumps 26% as China losses mount
HSBC Holdings reported a 26 per cent slide in first-half pretax profit on Wednesday (Jul 30), missing analyst estimates, as impairments…
Business
Samsung’s big Tesla order fuels recovery bets despite chip woes
Samsung Electronics’ surprise US$16.5 billion chipmaking deal with Tesla has breathed new life into a foundry business all but written off…
Business
Stablecoins inspire hope, and hype, in Hong Kong
Stablecoin excitement has gripped Hong Kong as the city prepares to launch a licensing system for the less volatile type of…
Business
Asia: Markets mixed as China-US talks end, eyes on tech earnings
Asian markets were mixed on Wednesday as investors kept tabs on China-US developments after they agreed to further talks to extend their…
Business
US consumer finance watchdog says it will replace Biden-era ‘open banking’ regulations
A federal judge on Tuesday paused a lawsuit against the US Consumer Financial Protection Bureau that had sought to strike down “open…
Business
Citigroup hiring for Asia rates, prime teams on hedge fund flows
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…
Business
Shopping addiction should be taken more seriously say sufferers
A day of retail therapy can be just the ticket for some people to help them feel better about themselves. But what happens when you can't…
Business
Kraken seeks US$500 million funding at US$15 billion valuation, The Information reports
TOCURRENCY exchange Kraken is set to raise US$500 million in funding at a US$15 billion valuation, The Information reported on Tuesday,…
Business
Seatrium halts trading of shares ahead of H1 earnings
This is coming one day before it is due to announce its first-half earnings – on Jul 31 Seatrium called for trading of its shares to be…
Business
I’ve stopped life-saving medication says man exhausted by fight for NHS care
Adam Eley Social affairs producer Tim Hull can point to many achievements during his 56 years. He's run his own handyman business and…
Business
Visa beats quarterly estimates on resilient consumer spending but steady forecast drags shares
Visa beat Wall Street estimates for third-quarter profit and revenue on Tuesday (Jul 29), as the global payments processing company was…
Business
Keppel Reit H1 DPU falls by 2.9% to S$0.0272
Keppel Real Estate Investment Trust (Reit) on Wednesday (Jul 30) reported a 2.9 per cent decline in its distribution per unit (DPU) for…
Business
Mondelez beats second-quarter estimates on strong international demand
CADBURY-PARENT Mondelez International beat Wall Street estimates for second-quarter revenue and profit on Tuesday, supported by steady…
Business
Transgender row rape charity starts new service for biological women
A rape crisis charity at the heart of a row over whether trans women can attend support sessions for women has announced it is launching a…
Business
Starbucks CEO details brand reset plan as turnaround efforts drive sales beat
STARBUCKS reported better-than-expected revenue rise for the third quarter, as demand in China improved while investments in labor and…
Business
Far East Hospitality Trust H1 DPS falls 9.2% to S$0.0178
Distribution to stapled security holders drops 8.7% to S$36 million from S$39.5 million Far East Hospitality Trust (FEHT) posted a 9.2 per…
Business
4 Steps for a success scale-up
If you’ve proven your product on a pilot line, and it’s time to turn up real-world production, beware because many companies stumble on…
Business
YouTube plans to use AI to detect if US viewers are under 18
Alphabet’s YouTube will soon begin using artificial intelligence (AI) to determine whether viewers in the US are under the age of 18,…
Business
UK gets first female Astronomer Royal in 350 years
Gwyndaf Hughes Science Videographer Astronomer Prof Michele Dougherty did not study science in secondary school – but was instead inspired…
Business
P&G estimates US$1 billion tariff hit, plans some US price hikes
Procter & Gamble executives projected a US$1 billion hit from US tariffs over the next year on Tuesday as the consumer products giant said…
Business
Samantha Bee Says Stephen Colbert’s ‘Late Show’ Was ‘Hemorrhaging Money’ and ‘People Aren’t Tuning In’: It’s a ‘No-Brainer’ to Cancel Amid Paramount-Skydance Merger
Former late-night host Samantha Bee is giving her take on CBS cancelling “The Late Show With Stephen Colbert.” During a recent appearance…
Business
Will your next CEO be AI?
It’s 3:16 a.m., in a Mumbai hotel room and I’m wide awake. Not because of jet lag, but because somewhere, an AI CEO is making a better…
Business
Shohei Ohtani Interpreter Gambling Scandal Scripted Series Nears Starz Deal
The series about Shohei Ohtani and the gambling scandal surrounding his interpreter could soon be headed to Starz. Variety has learned…