Leadership
MoneyHero slashes Q2 loss to US$12.2 million on higher revenue
NASDAQ-LISTED MoneyHero reported a net loss of US$12.2 million for the second quarter ended Jun 30, narrowing from a loss of US$68.6 million in the year-ago period.This was attributed...
CTBC is said to consider pulling out of Shin Kong takeover battle in Taiwan
CTBC Financial Holding is set to decide against a fresh offer for Shin Kong Financial Holding, according to sources familiar with the situation, paving the way for rival Taishin...
Bank of Japan leaves key interest rate unchanged
THE Bank of Japan left interest rates unchanged on Friday, after a decision to hike them in July pushed the yen sharply higher and fuelled turmoil across world markets.Two...
China’s banks maintain key lending rates as PBOC stays on pause
CHINESE banks maintained their benchmark lending rates for September, as policymakers hold off on further monetary stimulus while financial institutions struggle with record-low profit margins.The one-year loan prime rate...
Hershey Co lays off some workers this week
A SPOKESPERSON for Hershey said on Thursday the chocolate maker laid off a small number of its employees this week as part of organisational changes the company announced earlier...
Disney to stop using Salesforce-owned Slack after hack exposed company data: report
WALT Disney plans to transition away from its use of Slack as a companywide workplace collaboration system, after a hacking entity leaked online more than a terabyte of company...
Nike to replace CEO John Donahoe with longtime company veteran
NIKE ousted beleaguered chief executive John Donahoe, bringing longtime executive Elliott Hill out of retirement to return the struggling athletic brand to its glory days.Hill originally joined Nike in...
Cathay Airbus engine fire linked to cleaning: EU regulator
A CLEANING process leading to fuel hose degradation during refurbishment may have caused a recent Airbus A350 engine fire that triggered dozens of Cathay Pacific flight cancellations this month,...
