Leadership
Tesla’s profit falls short again in a weakened EV market
TESLA fell short of Wall Street profit estimates in the second quarter, extending a rocky start to the year marked by slower sales and mass firings across the company.It...
Visa slides after revenue at payments giant misses estimates
VISA slipped in late trading on Tuesday (Jul 23) after reporting quarterly revenue that just missed Wall Street estimates – a rarity for the world’s biggest payments network.Shares of...
GIC aims to bridge green assets funding gap with new initiative
Investment programme focuses on climate real assets that are past the laboratory stage but have yet to be scaled up for commercial demandSOVEREIGN wealth fund GIC has launched an...
Airbus and Boeing snap up deals despite delivery delays
MORE plane orders flowed in at the Farnborough Airshow on Tuesday (Jul 23) despite supply chain pressures on jetmakers and complaints from airlines about delivery delays.Boeing announced deals with...
UPS misses quarterly estimates on high labour costs, weak small-package demand
UNITED Parcel Service (UPS) missed Wall Street estimates for second-quarter earnings on Tuesday (Jul 23), hurt by subdued package delivery demand and higher costs from its Teamsters labour contract.
Shares...
Julius Baer picks Goldman Sachs veteran Bollinger as new CEO
JULIUS Baer Group has hired Stefan Bollinger to be its next chief executive officer, a relatively unknown pick to lead the Swiss wealth manager as it seeks to draw...
LVMH-backed L Catterton approaches Mattel with acquisition offer: sources
L CATTERTON, the private equity firm backed by luxury goods giant LVMH, has approached Mattel, the toy maker behind Barbie and Hot Wheels, with an acquisition offer, people familiar...
Wiz calls off US$23 billion deal with Google, memo says
ISRAELI cybersecurity startup Wiz has ended talks with Google-parent Alphabet on a reported US$23 billion deal in which it would have become the US tech giant’s largest-ever acquisition, according...
