Leadership

Amazon bets big with CrowdStrike on cybersecurity products
Amazon bets big with CrowdStrike on cybersecurity products
May 2, 2024
AMAZON.COM is betting big on cybersecurity firm CrowdStrike Holdings, replacing other defensive tools with the company’s safeguards. Amazon’s profit-driving cloud computing business, Amazon Web Services (AWS), has dropped other...
Moody’s tops quarterly profit estimates on strong product demand
Moody’s tops quarterly profit estimates on strong product demand
May 2, 2024
MOODY’S on Thursday (May 2) beat Wall Street estimates for first-quarter profit, helped by demand for its research and analytics products.The New York-based company recorded robust sales of its...
Yen pares some of sharp rise after suspected intervention, dollar steady
Yen pares some of sharp rise after suspected intervention, dollar steady
May 2, 2024
The yen fell slightly against the dollar on Thursday (May 2), reversing direction after a sudden surge late on Wednesday that traders and analysts were quick to attribute to...
Weight-loss drugmaker Novo Nordisk’s profits soar further
Weight-loss drugmaker Novo Nordisk’s profits soar further
May 2, 2024
Danish pharmaceutical giant Novo Nordisk reported more soaring profits on Thursday (May 2) thanks to the popularity of anti-diabetes and weight-loss drugs Ozempic and Wegovy, which have made it...
DBS customers unable to log into digibank, PayLah! on Thursday
DBS customers unable to log into digibank, PayLah! on Thursday
May 2, 2024
DBS : D05 0% customers appeared to have issues logging into the bank’s digibank and PayLah! apps on Thursday (May 2). On outage tracking site Downdetector, more than 3,000...
If inflation continues to build, the Fed won’t be able to maintain neutral stance for long
If inflation continues to build, the Fed won’t be able to maintain neutral stance for long
May 2, 2024
FEDERAL Reserve chairman Jerome Powell pulled off a pretty neat magic trick on Wednesday (May 1) – he somehow caused the interest rate-cut promise he had made at the...
US Fed ‘less hawkish’ than expected; Singapore banks, net cash companies likely to outperform
US Fed ‘less hawkish’ than expected; Singapore banks, net cash companies likely to outperform
May 2, 2024
GLOBAL financial markets may be heaving a sigh of relief for now as analysts believe that the US Federal Reserve has shown some restraint and appeared to be less...
DBS chief expects 2024 earnings to hit new highs as Q1 profit rises 15% to S.95 billion
DBS chief expects 2024 earnings to hit new highs as Q1 profit rises 15% to S$2.95 billion
May 2, 2024
THE net profit of DBS : D05 0% for 2024 will likely be able to exceed its record levels in 2023, said chief executive Piyush Gupta. Gupta expects it...
Standard Chartered profit beats forecasts as income boost outweighs credit losses
Standard Chartered profit beats forecasts as income boost outweighs credit losses
May 2, 2024
STANDARD Chartered beat forecasts on Thursday (May 2) with a 5.5 per cent rise in its first-quarter pretax profit, as the income boost from higher interest rates and a...
BlackRock, Citadel reap billion-dollar deals from Australia fund
BlackRock, Citadel reap billion-dollar deals from Australia fund
May 2, 2024
MAN Group, BlackRock and Citadel are among big winners from the giant alternatives portfolio held by Australia’s sovereign wealth fund, which has revealed the size of its mandates for...