Leadership
US dollar nears six-month high after pre-Fed data shock, yen steady
THE US dollar inched towards its highest level since November on Wednesday (May 1) ahead of a Federal Reserve interest rate decision later in the day, after data on...
KFC parent Yum reports surprise drop in global same-store sales on weak demand
YUM Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United...
Pfizer lifts 2024 profit view on cost cuts, higher Covid vaccine demand
PFIZER lifted its annual profit forecast on Wednesday (May 1), banking on cost cuts and better-than-expected demand for its Covid antiviral treatment and vaccine.The US drugmaker’s shares rose nearly...
UAE’s top bank FAB beats Q1 profit estimates
THE United Arab Emirates’ biggest lender by assets, First Abu Dhabi Bank (FAB) beat estimates on Wednesday (May 1) with first-quarter net profit of 4.15 billion dirhams (S$1.54 billion).The...
Bitcoin faces worst month since FTX crash with ETF demand cooling
THE prospect of higher-for-longer interest rates is weighing on crypto, underlined by deepening Bitcoin losses after the token’s worst monthly drop since the collapse of Sam Bankman-Fried’s FTX empire...
Binance founder Zhao Changpeng gets 4 months in prison
Binance founder Changpeng Zhao was ordered to spend four months in prison for failures that allowed cybercriminals and terrorist groups to freely trade on the world’s largest cryptocurrency exchange.Zhao,...
Binance founder Zhao Changpeng gets four months in prison
Binance founder Zhao Changpeng was ordered to spend four months in prison for failures that allowed cybercriminals and terrorist groups to freely trade on the world’s largest cryptocurrency exchange.Zhao,...
Tesla axes most of Supercharger team in blow to other automakers
Tesla eliminated almost its entire Supercharger organisation, which has built a vast network of public charging stations that virtually every major automaker is in the process of tapping into...
