Leadership
Generative AI boom will be built on AWS: Amazon CEO
AMAZON.COM chief executive officer Andy Jassy said his company’s cloud infrastructure will become an essential part of the generative artificial intelligence boom.
“While we’re building a substantial number of GenAI...
US: Wall St opens higher as fresh inflation data allays rate jitters
WALL Street’s main stock indexes opened higher on Thursday (Apr 11) after softer-than-anticipated producer prices data soothed investor fears about sticky inflation, keeping hopes of rate cuts from the...
Gucci names new deputy CEO as Kering seeks to stem sales decline
GUCCI appointed a new deputy chief executive on Thursday (Apr 11) as the Italian fashion house, part of the luxury group Kering, tries to turn around sliding sales.
Gucci said...
Jardine Cycle & Carriage names Jean-Pierre Felenbok as independent director
JARDINE Cycle & Carriage (Jardine C&C) on Thursday (Apr 11) announced that Jean-Pierre Felenbok will join the company’s board from Apr 29 as a non-executive independent director. In a filing...
Lufthansa agrees to pay rise with flight attendants after strike
LUFTHANSA and the flight attendants’ union UFO have agreed to a pay rise for the German airline’s 19,000 cabin staff, the union said on Thursday (Apr 11), ending the...
HKEX proposes plan for multiple clearing banks for cash trades
INVESTORS may soon be allowed to enlist more than one clearing bank for their cash equities and options trades on the Hong Kong Exchanges & Clearing (HKEX).The Securities and...
Asia: Market tracks Wall Street losses as US data deals blow to rate cut hopes.
ASIAN markets reversed on Thursday (Apr 11) after forecast-topping United States inflation dealt a hefty blow to hopes for a June interest rate cut and forced traders to re-evaluate...
China sets yuan fixing with strongest upward bias since 2018
CHINA’S central bank ramped up support for the yuan in its daily guidance on Thursday (Apr 11) after an overnight surge in the US dollar put authorities on alert...
