Lifestyle
UBS profit beats estimates as client inflows hit US$27 billion
UBS Group posted higher than expected profit in the second quarter, buttressing chief executive officer Sergio Ermotti’s efforts to return capital to shareholders and finalise the integration of Credit...
Cathay Pacific world’s most-shorted airline stock on profit woes
CATHAY Pacific Airways is now the world’s most-shorted major airline stock, as the industry struggles to improve profits even amid a rebound in global tourism.Short interest in shares of...
Asia: Markets extend gains as US inflation data boost rate hopes
EQUITIES marched higher on Wednesday (Aug 14) after hopes for a Federal Reserve interest rate cut next month were boosted by data showing US wholesale prices rose less than...
Tencent’s buyback plan in focus as Chinese tech rivals catch up
INVESTORS will scrutinise any comments from Tencent Holdings about its buyback plans during on Wednesday’s (Aug 14) quarterly results announcement as its competitors catch up with its spending levels.Tencent...
United Hampshire US Reit’s H1 DPU falls 24.2% to US$0.0201
UNITED Hampshire US Real Estate Investment Trust’s (Reit) distribution per unit (DPU) for the first half ended June 2024 stood at US$0.0201, down 24.2 per cent from its H1...
US considers a rare antitrust move: breaking up Google
A RARE bid to break up Alphabet’s Google is one of the options being considered by the Justice Department after a landmark court ruling found that the company monopolised...
Shunning home markets, South Korean retailers pile up on US stocks
SOUTH Korea’s mom-and-pop investors are defying last week’s global financial markets rout by pouring even more funds into US stocks, a years-long trend that analysts and investors bet will...
Intel, pinched by losses, sells stake in chip designer Arm
INTEL, which is slashing jobs and expenses in a bid to turn around the business, sold its holdings in chip technology creator Arm Holdings during the second quarter. The...
