Posts by Stephanie Irvin
Hertz posts worse-than-expected loss after shrinking fleet
[DETROIT] Hertz Global Holdings posted a larger-than-expected loss in the first quarter after the rental company shrank its fleet of cars and some customers slowed bookings. Revenue fell 13 per cent in the period, contributing to an adjusted loss of US$1.12 per share, the company said on Monday (May 12). Analysts had expected a 99-cent…
Read MoreCoinbase to join S&P 500 next week in crypto-market milestone
[NEW YORK] Coinbase Global, the largest US cryptocurrency exchange, will be added to the S&P 500 Index in the latest milestone for the booming digital asset industry. The company will replace Discover Financial Services in the index prior to the start of trading on May 19, S&P Dow Jones Indices said in a press release.…
Read MoreBritish pension funds pledge to step up UK investments
Published Tue, May 13, 2025 · 09:13 AM [LONDON] Major British pension funds pledged on Tuesday to invest billions of pounds in UK businesses and infrastructure, as the government leans on private investors to help it fund public projects and boost economic growth. Seventeen investment firms said they would invest up to 10 per cent…
Read MoreChinese e-commerce giants make expensive bets on fast deliveries
[SHANGHAI] Chinese e-commerce giants Alibaba and JD.com have opened a new front in the ongoing battle for market share, with both expanding aggressively into so-called instant retail centred around delivery speeds of 30 to 60 minutes this year. Investors will be dissecting the strategy when JD.com reports its quarterly earnings on Tuesday and Alibaba on…
Read MoreGoogle is developing software AI agent ahead of annual conference, The Information reports
Published Tue, May 13, 2025 · 07:00 AM ALPHABET’S Google has been demonstrating to employees and outside developers an array of different products, including an AI agent for software development, ahead of its annual developer conference, The Information reported on Monday. The agent is intended to help software engineers navigate every stage of the software…
Read MoreEurope: Shares close higher after Sino-US tariff deal relieves markets
EUROPEAN shares started the week on a positive note on Monday after the United States and China agreed to temporarily slash tariffs, providing some relief to global markets roiled by the trade war. The US will cut extra tariffs on Chinese imports to 30 per cent from 145 per cent and Chinese duties on US…
Read MoreDBS, OCBC and UOB brace for tariff fallout despite steady Q1 results
[SINGAPORE] Uncertainty from US tariffs loomed large as Singapore’s three local banks reported their first-quarter results over the past week. The macroeconomic jitters were significant enough for UOB to suspend its earnings guidance for 2025, although DBS and OCBC have kept theirs unchanged for now. All three banks also set aside additional pre-emptive allowances to…
Read MoreReady to Revamp Your HR Processes? Here’s Where the Transformation Begins
Human Resources isn’t just the department that handles paperwork and onboarding packets anymore. In today’s fast-paced, results-driven business world, HR is a strategic powerhouse that shapes culture, drives performance, and protects your company’s future. But too often, companies treat HR as an afterthought—until problems pile up and the damage is already done. If you’re serious…
Read MoreSGX sees steady stream of delistings amid market pressures
[SINGAPORE] At least 16 companies are on the delisting track as of the first week of May this year. They have either delisted, confirmed delisting dates or announced plans to exit the Singapore Exchange (SGX). Meanwhile, only one initial public offering (IPO) has taken place so far this year – car dealer Vin’s Holdings, which…
Read MoreApple weighs raising iPhone prices in new lineup
The company is considering whether to “couple” price increases with new features and designs Published Mon, May 12, 2025 · 08:13 PM [NEW YORK] Apple is weighing raising prices for the iPhone lineup coming out later this year, the Wall Street Journal said, citing people familiar with the matter whom it didn’t identify. The company…
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