Leadership
Merck narrows sales outlook with Gardasil lagging in China
MERCK lowered the top end of its full-year sales guidance after demand for its HPV vaccine fell for a second straight quarter in China.
Sales of the Gardasil shot, which...
US: Wall St opens lower after Meta, Microsoft cost warnings
WALL Street’s main indexes opened lower on Thursday (Oct 31) as warnings from Meta Platforms and Microsoft about rising AI costs sobered some of the buzz around megacap stocks,...
Hong Kong’s underwater mortgages hit 22-year high on weak market
The value of negative-equity loans reached HK$207.5 billion in end-September, up from HK$155 billion in JuneTHE value of mortgages in Hong Kong that have exceeded the worth of the...
Strong wealth segment likely to boost Q3 earnings at Singapore banks: analysts
They expect local lenders to continue posting stable results amid lower net interest marginsSTRONG wealth management fees are likely to have continued boosting earnings at the three local banks...
Shell reports drop in Q3 net profit
BRITISH energy major Shell on Thursday (Nov 1) announced a sharp drop in net profit for the third quarter, as it was hit by lower oil prices and weaker...
Australian consumer regulator sues Singtel unit Optus over alleged sales misconduct
THE Australian Competition and Consumer Commission (ACCC) has filed court proceedings against subsidiary Optus mobile, said Singtel in a bourse announcement on Thursday (Oct 31).The court proceedings, filed in...
AI’s US$1.3 Trillion future increasingly hinges on Taiwan
When Jung Yoonseok was looking for an assembly partner for his artificial intelligence (AI) chip startup, he had his pick of almost any country in Asia, including his native...
Siemens agrees to buy software group Altair in US$10 billion deal
Siemens reached an agreement to buy software maker Altair Engineering for US$10 billion including debt in its largest-ever acquisition. The German engineering group will pay Altair investors US$113 a share,...
