Lifestyle
CATL supplier Lopal said to seek US$200 million for Indonesia unit
JIANGSU Lopal Tech is considering raising about US$200 million for its Indonesian unit as it ramps up local production of materials used in electric-vehicle batteries, according to people familiar...
Nasdaq profit beats estimates as fintech sales soar
Revenue from its financial technology unit soared nearly 79 per cent to US$420 million in the second quarterNasdaq beat estimates for second-quarter profit on Thursday (Jul 25), driven mainly...
Nestle, Unilever sales disappoint as consumers remain wary of high prices
Nestle and Unilever may be raising prices more slowly, but it has not been enough to win back some cost-conscious customers, with the consumer goods giants delivering disappointing first-half...
Bank of England allots record £30 billion in weekly repo
THE Bank of England allotted a record £30.359 billion (US$39 billion) on Thursday (Jul 25) in its weekly short-term repo, which is designed to smooth out volatility in sterling...
UK’s biggest investor LGIM ditches Trump trade on Biden drop out
LEGAL & General Investment Management (LGIM) is bailing on a bet that the Treasury curve will steepen, saying President Joe Biden’s exit from the US election race reduces the...
AstraZeneca raises profit outlook on strong medicines demand
Anglo-Swedish drugmaker AstraZeneca raised its full year sales and profit forecast on Thursday (Jul 25) after beating analyst expectations for second-quarter revenue on strong demand for its cancer, rare...
STMicro cuts full-year outlook for second time, shares tumble
CHIPMAKER STMicroelectronics (STM) cut its full-year revenue and margins guidance for a second time on Thursday (Jul 25) as industrial customer orders did not improve and automotive demand declined.
The...
Julius Baer’s profit falls as post-Benko recovery awaits new CEO
JULIUS Baer Group said profit fell in the first half of the year even as clients began returning funds, signs of an uneven recovery from last year’s Signa real...
