Leadership
TSMC cuts off client after discovering chips sent to Huawei
TAIWAN Semiconductor Manufacturing Company (TSMC) discovered this month that chips it made for a specific customer ended up with Huawei Technologies, a potential violation of US sanctions intended to...
Newmont shares fall as earnings miss undermines profit surge
NEWMONT, shares plunged on Wednesday (Oct 23) in postmarket trading after reporting quarterly earnings that fell short of Wall Street’s expectations.The stock plunged as much as 7.2 per cent...
IBM posts soft revenue growth as consulting woes continue
INTERNATIONAL Business Machines (IBM) reported underwhelming sales as the company grapples with a slowdown in consulting demand.Sales increased 1 per cent to US$15 billion, slightly missing the average estimate...
Mike Ashley’s Frasers pulls bid for handbag maker Mulberry
BILLIONAIRE Mike Ashley’s Frasers Group is walking away from an attempted takeover of Mulberry Group but is still pushing for a board seat at the British handbag maker.
Frasers said...
HPL prices S$160 million perpetual securities at 5.5%
The distribution rate will be reset on the first reset date of Oct 30, 2029, and every five years thereafterHOTEL Properties Limited (HPL) has priced S$160 million in subordinated...
Euro at three-month low, yen under pressure
THE US dollar climbed above 152 yen for the first time since late July on Wednesday (Oct 23) and pushed the euro to an over three-month low, supported by...
TSMC cuts off client after discovering chips diverted to Huawei
TAIWAN Semiconductor Manufacturing Co (TSMC) discovered this month that chips it made for a specific customer ended up with Huawei Technologies, a potential violation of US sanctions intended to...
Hengrui Pharmaceuticals is said to weigh second listing in Hong Kong
JIANGSU Hengrui Pharmaceuticals is considering a second listing in Hong Kong that could happen as soon as next year, according to people familiar with the situation.
The company is in...
