Leadership
Vietnam orders Netflix to stop advertising, distributing its games
VIETNAM has ordered Netflix to stop advertising and distributing its games in the country before Apr 25 as the US streaming platform has not yet been granted a license...
US: Stocks retreat after hot inflation report
WALL Street stocks fell on Wednesday (Apr 10) after US inflation data topped estimates, dampening expectations for imminent interest rate cuts.The much-anticipated data showed US consumer prices in March...
Europe: Shares rebound from one-month low; ECB rate verdict up next
EUROPEAN shares staged a recovery after a knee-jerk reaction to a high US inflation reading on Wednesday (Apr 10), with investors turning their focus to the European Central Bank’s...
Economists sound the alarm on valuations as stock market approaches bursting point
THERE is no reason to believe that the global stock market will experience a major bust in the foreseeable future. The presence of a stock bubble, however, is crystal...
US accounting watchdog hits KPMG affiliate with record penalty over exam cheating
THE US accounting watchdog on Wednesday (Apr 10) said it has hit KPMG Netherlands with a US$25 million civil penalty, a record for the regulator, in response to “egregious”...
US dollar soars to highest versus yen since mid-1990 after inflation data
THE yen weakened on Wednesday (Apr 10), pushing the greenback to its highest against the Japanese currency since 1990, with markets alert to any signs of intervention from the...
Barry Callebaut jumps as volumes hold up despite cocoa price surge
CHOCOLATE maker Barry Callebaut reported a small rise in first-half sales volumes on Wednesday (Apr 10), easing fears that a sharp rise in cocoa prices and other inflationary pressures...
Red-hot cocoa price melts profit at top chocolate-maker
BARRY Callebaut, the world’s biggest supplier of chocolate to the food industry, said Wednesday (Apr 10) that the surge in global cocoa prices had chipped away at profits.In the...
