StanChart weighs break up of investment bank
Standard Chartered Plc is considering restructuring its institutional banking arm, the unit that houses the firm’s investment bankers and traders,…
Lyft stock up 17% on cost cuts after wild ride
Lyft beat estimates for quarterly profit and says it will generate positive free cash flow for the first time in…
Sunway poised to be included in FBM KLCI
Sunway Bhd is poised to be included in the as a component stock in the FBM KLCI in the second…
CEO of Australia’s biggest bank cautions on risks
Commonwealth Bank of Australia (CBA) chief executive officer Matt Comyn says risks are mounting in the economy after profit at…
Walmart in talks to buy Vizio for more than US$2bil
Walmart is in talks to buy smart-television manufacturer Vizio for more than US$2bil, the Wall Street Journal reports, a move…
South Korea price pressures poised to ease
South Korea’s state-run think tank says inflation is expected to cool at a faster pace this year than previously projected…
Travel companies temper hopes for 2024
The buzzword from travel companies for 2024 is “normal”. After the pandemic slammed the brakes on the tourism industry, and…
Nvidia market cap threatens Alphabet
Nvidia is on the verge of overtaking Alphabet as Wall Street’s third most valuable company.
China’s BYD planning new electric vehicle plant in Mexico
China’s BYD Co Ltd will set up a new electric vehicle (EV) factory in Mexico, Nikkei reported yesterday, citing the…