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Uber’s fourth-quarter earnings miss overshadows bookings growth
UBER Technologies reported weaker-than-expected fourth-quarter earnings and operating income, overshadowing steady bookings growth.Adjusted earnings before interest, taxes, depreciation and amortisation were US$1.84 billion, just shy of the US$1.85 billion...
Over 500 investors start claims process against Switzerland for Credit Suisse AT1 write-down: Singapore law firm
They are claiming losses amounting to about US$250 million, making it the the largest claim against the European country in treaty arbitration to dateMORE than 500 investors have started...
Huawei chairman says 2024 revenue exceeded 860 billion yuan
HUAWEI’S chairman said on Wednesday (Feb 5) that the tech company’s annual revenue exceeded 860 billion yuan (S$159.6 billion) last year, as it continued to shake off the impact...
Credit Agricole reports 27% Q4 profit jump, aided by Amundi and trading
CREDIT Agricole, France’s second-biggest listed bank, blew past quarterly earnings forecasts on Wednesday (Feb 5) with a 27 per cent jump in profit, driven by insurance and asset management...
Singapore investors buy 6.5 tonnes of gold bars, coins in 2024: World Gold Council
SINGAPORE investors did not shy away from physical gold despite its soaring prices in 2024, leading the demand growth in Asean region with 6.5 tonnes of gold bars and...
BlackRock plans to hire 1,200 people for ramp-up in India
BLACKROCK plans to hire nearly 1,200 people to expand two support hubs in India and build out its artificial intelligence (AI) capabilities in the country, according to sources familiar...
AMD tumbles after giving disappointing outlook for AI growth
ADVANCED Micro Devices (AMD) tumbled in late trading after giving a disappointing outlook for its data centre business, an area where it’s struggling to catch up with artificial intelligence...
Singapore shares rise at Wednesday’s open; STI up 0.2%
SINGAPORE shares started trading in positive territories on Wednesday (Feb 5), mirroring global markets.
As at 9.01 am, the Straits Times Index (STI) was up 0.2 per cent or...
