Leadership
Meta’s earnings flop sparks US$400 billion sell-off in tech stocks
A DISAPPOINTING earnings report from Meta Platforms has technology investors on edge ahead of results from some of the stock market’s biggest and most important companies in the coming...
ByteDance prefers TikTok shutdown in US if legal options fail: sources
TIKTOK owner ByteDance would prefer to shut down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the...
CapitaLand Investment posts total revenue of S$650 million for Q1
CAPITALAND Investment : 9CI 0% (CLI) reported a total revenue of S$650 million for the first quarter ended March 2024, down 0.2 per cent from S$651 million in the...
Basel Committee adds climate risks to banking supervision standards
THE Basel Committee on Thursday approved an update of its banking supervision guidelines that includes risks from climate changes and the digitalisation of finance.The changes to its “core principles...
Intel slides after tepid forecast spurs fears about comeback
INTEL, the biggest maker of personal computer (PC) processors, tumbled in late trading after giving a lacklustre forecast for the current period, indicating that it’s still struggling to return...
Oil settles higher as weak US economic growth offset by supply concerns
OIL prices settled higher on Thursday on worries of supply disruptions in Middle East supply as Israel stepped up airstrikes on Gaza’s Rafah and on the US Treasury secretary’s comments...
US: Stocks hit by GDP data, Meta results
WALL Street stocks retreated on Thursday following disappointing US economic data, as Facebook parent Meta and other large companies tumbled after earnings.The US economy grew 1.6 per cent in the first...
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
PRICES of Singapore-listed real estate investment trusts (S-Reits) have faced volatile trading in the past two weeks as interest rate expectations adjust following strong inflation data in the US.The...
