Leadership
Netflix kicks off first-ever bond sale in US high-grade market
NETFLIX received more than US$19 billion of orders for its first investment-grade bond sale, according to sources with knowledge of the matter.The streaming giant sold US$1.8 billion of debt...
Fed expected to hold rates and signal September cut
FEDERAL Reserve officials are likely to move closer to lowering interest rates from a two-decade high this week by signalling a potential rate cut in September, though they may...
AMD forecasts US$4.5 billion of AI chip revenue this year, shares jump 7%
ADVANCED Micro Devices (AMD) forecast third-quarter revenue above market estimates on Tuesday (Jul 30), banking on demand for its artificial intelligence (AI) chips staying strong.Shares of the Santa Clara,...
US: Wall St opens higher ahead of Big Tech results, Fed verdict
Wall Street’s main indexes opened higher on Tuesday (Jul 30), as cautious investors awaited the day’s Big Tech earnings and labour numbers and hoped for clues on the timing...
Pan-United H1 net profit up 34% to S$18.6 million
Revenue in H1 has risen 7 per cent to S$384.7 million, 7 per cent higher than the S$360.2 million figure in the year beforePAN-UNITED Corporation posted a net profit...
Merck cuts annual profit forecast
Merck on Tuesday (Jul 30) cut its full-year earnings forecast, mainly due to one-time charges from its acquisition of eye-focused drug developer EyeBio.Merck now expects 2024 earnings of US$7.94...
Maybank appoints Alice Tan as head of group wealth management
She joined the company in 2014, and was among the pioneers of its private wealth-management businessMAYBANK Singapore on Tuesday (Jul 30) said that it appointed Alice Tan as its...
Chinese solar firm forced into bankruptcy as supply glut bites
MORE Chinese solar manufacturers are falling into restructuring or bankruptcy, with a deepening oversupply and fierce price wars causing massive financial losses and threatening many smaller players’ survival.A subsidiary...
