Lifestyle
Commonwealth Bank tops BHP to become biggest Australian firm
COMMONWEALTH Bank of Australia has shot past the world’s biggest miner BHP Group and is now the country’s most valuable company.The lender’s market capitalisation hit a record high of...
China regional banks exposed to bond reversal as PBOC sales loom
CHINA’S regional lenders are facing growing risks in the nation’s US$4.3 trillion sovereign debt market after an unprecedented bond rally this year prompted a slew of warnings from the...
Pinterest forecasts downbeat revenue as competition grows; shares slump
PINTEREST forecast current-quarter revenue below Wall Street expectations on Tuesday (Jul 30) as the image-sharing platform faces tough competition in a stabilising digital advertising market, sending its shares down...
China’s earnings recovery stumble to test conviction calls
THE current earnings season is shaping up to be another letdown for Chinese stock investors, eroding the case for a turnaround in the slumping market.Profit warnings issued by mainland-listed...
Ringgit turnaround set to accelerate on export boom, Fed pivot
THE Malaysian ringgit’s rebound is gathering pace, thanks to stronger growth and expectations of an impending interest rate cut by the Federal Reserve.After falling to a 26-year low in...
Aims Apac Reit posts 1.7% lower Q1 DPU of S$0.0227
AIMS Apac Reit’s (AA Reit) distribution per unit (DPU) fell 1.7 per cent to S$0.0227 for the first quarter of FY2025, from S$0.0231 in the corresponding period a year...
Stellantis offers US employees buyouts in new round of job cuts
STELLANTIS will offer voluntary buyouts to United States employees as the carmaker looks to cut costs amid slumping profits.Non-unionised US workers from vice-president level and below in certain functions...
Goldman tops Morgan Stanley in value for first time since 2020
FOR the first time since the throes of the pandemic, Goldman Sachs is worth more than its longtime Wall Street rival Morgan Stanley.Goldman shares rose 2.6 per cent on...
