Lifestyle
Accenture unveils US$4 billion share buyback as AI powers strong quarterly revenue
IT SERVICES firm Accenture on Thursday (Sep 26) unveiled a US$4 billion share buyback and reported better-than-expected fourth-quarter revenue thanks to demand from companies looking to adopt generative artificial...
LG Display to sell stake in its Chinese LCD plant to TCL CSOT for 10.8 billion yuan
SOUTH Korea’s LG Display said on Thursday (Sep 26) it had agreed to sell its stake in its large liquid crystal display (LCD) plant in Guangzhou, China, to TCL’s...
Swiss central bank lowers rates and flags further cuts as inflation eases
THE Swiss National Bank reduced interest rates by 25 basis points on Thursday (Sep 26), echoing steps to lower borrowing costs by the European Central Bank and US Federal...
Swiss central bank cuts interest rates for third time this year and flags further action
THE Swiss National Bank cut interest rates by 25 basis points on Thursday (Sep 26), its third such reduction this year, as it echoed steps to lower borrowing costs...
Foreign investors cheer China’s stimulus from a distance
As the market euphoria to China’s biggest stimulus since the pandemic settles, foreign investors are now asking whether the US$114 billion toolkit will provide the spark needed to turn...
Asia: Markets boosted by tech rally, traders eye US inflation
TECH firms led an Asian market rally on Thursday on renewed optimism about demand for AI equipment following a strong earnings outlook from US chip giant Micron.News that South...
ExxonMobil paid more tax to UAE than any other country in 2023
EXXONMOBIL revealed it paid US$7.41 billion in taxes and royalties to the United Arab Emirates last year, more than any other country globally, in its first-ever disclosure of payments...
RBNZ says bank capital rules just one part of lending decisions
NEW Zealand’s central bank has defended its position on bank capital requirements after claims they may be contributing to a lack of competition between lenders.The Reserve Bank of New...
