Dollar falls for first week in seven amid US yield retreat
TOKYO : The U.S. dollar headed for its worst week since early February against major peers on Friday, weighed down by a retreat in Treasury ...Read More
Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts
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Shanghai to expand work resumption in zero-COVID areas in early June - vice mayor
SHANGHAI : The COVID-19-hit financial hub of Shanghai will start to allow more businesses in zero-COVID areas to resume normal operations fr...Read More
Oil falls 2% on Powell comments, hopes for Venezuela supply
NEW YORK : After hitting seven-week highs, oil prices slumped 2 per cent on Tuesday as Reuters reported that the United States could ease so...Read More
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Japan's Q1 GDP shrinks as Ukraine, cost of living cloud outlook
TOKYO: Japan's economy fell for the first time in two quarters in the first three months of the year as COVID-19 curbs hit the service s...Read More
One-time richest Singapore tycoon, Forrest Li, has lost 80% of his fortune
Just a few months ago, Forrest Li had a US$22 billion fortune and was the richest person in Singapore. Now he’s emerging as one of the bigge...Read More
Intel shareholders reject compensation packages for top executives
Intel Corp shareholders rejected compensation packages for top executives, including a payout of as much as $178.6 million to Chief Executiv...Read More
Australia's TPG Telecom to sell mobile tower assets for $670 million to cut debt
Australian broadband services provider TPG Telecom Ltd said on Monday it will sell its mobile tower and rooftop infrastructure assets to Can...Read More
Star Entertainment suspends rebate program amid compliance probe
Australia's Star Entertainment Group Ltd on Monday said it has suspended a program whereby players can convert awards to cash to address...Read More
NTT, NTT Data CEOs to hold news conference, NTT Data shares jump
TOKYO : Japan's Nippon Telegraph and Telephone Corp and NTT Data Corp said their chief executive officers (CEO) would hold a joint news ...Read More
US companies break long silence on abortion rights
NEW YORK: After carefully avoiding the taboo topic for decades, more and more US companies are taking a stand on the right to abortion, a si...Read More
Musk aims to increase Twitter's revenue to US$26.4 billion by 2028: Report
Elon Musk is aiming to increase Twitter's annual revenue to US$26.4 billion by 2028, up from US$5 billion last year, the New York Times ...Read More
Facebook-owner Meta gives preview of its first store, enterprise tools
BURLINGAME, CALIFORNIA : Facebook owner Meta Platforms Inc on Wednesday gave an early glimpse of its first physical store, which features a ...Read More
Dollar recoils as Fed douses hawkish bets
SINGAPORE : The dollar was nursing its sharpest fall in more than a month on Thursday after the U.S. Federal Reserve raised its benchmark in...Read More
China's services activity falls at second sharpest rate on record - Caixin PMI
BEIJING : China's services sector activity contracted at the second-steepest rate on record in April, as COVID curbs halted the industry...Read More
Airbnb says record bookings signal travel rebound
SAN FRANCISCO: Bookings on Airbnb hit a new high in this year's first quarter, the home rental platform reported on Tuesday (May 3), in ...Read More
EU may offer Hungary, Slovakia exemptions from Russian oil embargo
BRUSSELS: The European Commission may spare Hungary and Slovakia from an embargo on buying Russian oil, now under preparation, wary of the t...Read More
Australian regulator presses banks to update online payments tech
SYDNEY : Australia's central bank is pressing the country's commercial banks to meet deadlines on new payments systems that will mak...Read More
HSBC shares set to open steady after top shareholder calls for bank's break-up
SINGAPORE : Shares in HSBC Holdings were set to open flat in Hong Kong trade on Tuesday after its largest shareholder, Chinese insurance gia...Read More
Shanghai lockdown sends chill down meat trade
BEIJING: The protracted lockdown in Shanghai, China's financial hub, is slowing the nation's normally booming meat trade, with strin...Read More
Oil falls on China growth concerns even as EU weighs Russia import ban
MELBOURNE : Oil prices fell on Monday in holiday-sapped trade in Asia as concerns about slowing economic growth in China, the world's to...Read More
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