Leadership
Japan to work with counterparts on excessive FX moves, says finance minister
JAPANESE authorities will work closely with overseas counterparts to deal with excessive volatility in the foreign exchange market, Finance Minister Shunichi Suzuki said on Tuesday.“We are watching market moves...
SAP cloud revenue meets estimate as AI adoption fuels demand
SAP reported first-quarter cloud revenue in line with analysts, as a boom in demand for artificial intelligence (AI) fuelled the German software company’s growth.Adjusted cloud revenue in the quarter...
PBOC chief urges clarity on burden sharing for debt relief
THE head of China’s central bank wants creditors engaged in debt restructurings for emerging market countries to agree on how to fairly share the burden of relief, according to...
Oil futures fall as fears of a wider Middle East war fade
OIL futures fell on Monday as traders focused on market fundamentals, seeing little near-term risk that the Middle East conflict would impact supply.Brent crude futures settled at US$87.00 a barrel,...
US: Stocks rebound to open big earnings week
WALL Street stocks powered higher on Monday, shrugging off recent weakness at the start of a heavy week of earnings from technology and industrial companies.“The markets are breathing a collective sigh...
Vietnamese firms face Q1 debt crunch amid sluggish recovery
[HO CHI MINH CITY] Despite lower interest rates and ample liquidity, Vietnamese firms saw limited access to debt financing through bank loans and corporate bonds in the first quarter...
Tesla’s latest price cuts risk wiping out China earnings
TESLA’S price cuts in China could cost the carmaker the entirety of its operating profit in the world’s biggest electric-vehicle market, Evercore ISI warned in a new report.The automaker...
Nanofilm Q1 revenue up 19% on recovery of consumer business
MAINBOARD-LISTED Nanofilm Technologies : MZH 0% posted a 19 per cent rise in revenue to S$39 million for its first quarter ended Mar 31, 2024, the group said in...
