Leadership
BOJ chief Ueda stops short of declaring 2% price goal met
BANK of Japan (BOJ) governor Kazuo Ueda said it was too early to conclude that inflation was close to sustainably meeting the central bank’s 2 per cent inflation target...
Singapore shares open flat on Friday; STI remains unchanged
SINGAPORE shares opened flat on Friday (Mar 1) morning, despite overnight gains in global markets. The Straits Times Index (STI) was flat, falling just 0.09 point to 3,141.76 as...
JPMorgan predicts Bitcoin correction once halving euphoria cools
ONE of the most anticipated catalysts for further gains in Bitcoin may end up sending the price of the largest cryptocurrency lower, according to JPMorgan analysts. A Bitcoin code...
Hewlett Packard Enterprise sees downbeat Q2 revenue on weak networking solutions demand
HEWLETT Packard Enterprise on Thursday (Feb 29) forecast second-quarter revenue below Wall Street estimates, as businesses scale down spending on the server maker’s technology solutions. Shares of the Spring,...
ExxonMobil to cut trader salaries in latest overhaul to pay structure
EXXONMOBIL plans to cut some traders’ salaries as part of a pay overhaul that will include cash performance bonuses at the end of the year, as well as long-term...
Kodak explores tapping pension fund’s US$1.2 billion surplus
EASTMAN Kodak is contemplating a move to unlock gains created by its overfunded pension system, according to sources with knowledge of the matter. The company is weighing a so-called...
Dell reports sales that top estimates on AI server excitement
DELL Technologies reported better-than-expected sales and profit as corporations appear to be updating their information technology equipment to meet artificial intelligence (AI) demand. The shares jumped about 17 per...
UK supermarket Sainsbury’s plans to cut 1,500 roles
BRITISH supermarket group Sainsbury’s said on Thursday (Feb 29) it plans to cut about 1,500 roles, as it seeks cost savings to invest back into the business. Sainsbury’s, Britain’s...
