Culture
Bank of England keeps rates steady, sees further loosening as jobs market weakens
The Bank of England held interest rates at 4.25 per cent as expected on Thursday (Jun 19) but said it was focused on risks from a weaker…
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Sees
Culture
HPE posts strong revenue growth, sees reduced tariff impact
Hewlett Packard Enterprise (HPE) reported quarterly revenue that topped estimates and said it expects a reduced impact from tariffs on its…
Culture
Japanese gas tanker giant Mitsui OSK sees difficulty buying Chinese vessels
Mitsui OSK Lines, owner of the world’s largest fleet of liquefied natural gas carriers, said it is hard to buy Chinese vessels for the…
Culture
Bank of England cuts rates to 4.25% as it sees tariff hit to growth
The Bank of England cut its main interest rate by 0.25 percentage points to 4.25 per cent on Thursday, despite an unexpected three-way…
News
In an Uncertain Economy, McDonald’s Sees Spending Decline
Even value meals aren’t enough to get anxious consumers to spend. Despite efforts to entice customers to its restaurants, McDonald’s saw…
Culture
Goldman sees central banks buying more renminbi, won, Singapore dollars
South Korea, Singapore and China’s currencies are likely to be the biggest Asian beneficiaries as central banks look to diversify their…
Culture
Hong Leong Finance sees over 300% growth in EV loans
Hong Leong Finance (HLF) announced that it has seen a more than 300 per cent increase in electric vehicle (EV) loans, from S$73 million in…
Culture
DBS CEO sees job cuts of 4,000 temp staff as AI replaces roles
DBS Group Holdings plans to cut around 4,000 of its contract and temporary staff workforce over the next three years as artificial…
Culture
DBS CEO Piyush Gupta sees job cuts of 4,000 temp staff as AI replaces roles
DBS Group Holdings plans to cut about 4,000 of its contract and temporary staff workforce over the next three years as artificial…
Culture
European tech sector sees unexpected rebound on AI windfall
European technology giants are exceeding expectations this quarter, joining financial and healthcare companies as one of the reporting…
News
Stock Market Sees Biggest Declines of Trump’s Presidency So Far
Stocks slumped on Friday, with the S&P 500 wiping out almost all of its gains since President Trump took office last month, after a widely…
Business
Wife of would-be German chancellor only sees him on TV or Instagram
Charlotte Merz, the wife of the front-runner to become Germany's next chancellor, said on Friday she hardly sees her husband Friedrich…
News
Walmart Racks Up Sales Record but Sees Slower Growth Ahead
Walmart, the largest retailer in the United States, said on Thursday that strong holiday sales propelled its revenue to another annual…
Culture
BHP sees recovery in steel and copper demand, logs lowest profit in six years
BHP sees signs of economic recovery in China and central bank rate cuts reviving demand for steel and copper but flagged risks to global…
Lifestyle
Kering Group Revenue Falls 12% in Q4, CEO Sees ‘Stabilization’
PARIS – Kering posted better-than-expected sales in the fourth quarter despite the continued freefall of its star brand Gucci, and chief…
Culture
Ford sees sharp profit drop as Trump tariff, EV threats loom
FORD Motor warned that profit may fall by US$2 billion or more this year on an expected drop in vehicle prices and costly new-model…
Culture
Frasers Hospitality Trust sees improved RevPAR in Q1 on sustained travel demand
FRASERS Hospitality Trust (FHT) recorded an increase in revenue per available room (RevPAR) across its portfolio in the first quarter…
Fashion
Euro set for deeper decline as market sees more ECB cuts
Traders are ramping up bets for a deeper divergence between European and US interest rates, setting the euro on a clear path for further…
Culture
Sanofi plans 5 billion euro buyback, sees higher profit growth
SANOFI said it will repurchase five billion euros (S$7 billion) of stock and grow profits more quickly this year as the drugmaker pivots…
Fashion
Hyundai Motor nears GM tie-up deal; sees revenue growth slowing in 2025 - The Business Times
SOUTH Korea’s Hyundai Motor said on Thursday (Jan 23) it is in talks with General Motors to supply commercial electric vehicles to its US…
Fashion
Barclays sees heightened competition in India from Japan banks - The Business Times
A RENEWED push by Japan’s biggest banks and other global lenders in India is driving down loan prices with the new players having more…
Culture
JPMorgan’s Dimon sees inflated stocks as ‘animal spirits’ return - The Business Times
JPMORGAN Chase’s dealmakers are spending their time in the Swiss Alps huddling with ebullient clients, but the boss of the biggest US bank…
Culture
Hong Kong sees rush of IPO filings on last trading day of 2024
A SLEW of companies have announced plans to list shares in Hong Kong over the next month in a further sign the city’s IPO market is…
Culture
Tether sees US$10 billion in net profits for 2024
The world’s biggest stablecoin issuer, Tether, is on track to close the year with more than US$10 billion in net profits, chief executive…