Lifestyle

Greenback edges up as traders await US inflation data, sliding yen in focus
Greenback edges up as traders await US inflation data, sliding yen in focus
May 14, 2024
THE US dollar edged higher on Tuesday (May 14) as traders awaited US inflation data, while the yen hovered near a two-week low, stoking intervention worries. The sterling fell sharply,...
Greenback edges up as traders await US inflation data, sliding yen in focus
US dollar slips after unexpected rise in US producer prices
May 14, 2024
The US dollar was slightly lower on Tuesday (May 14) after an initial jump following an unexpected increase in US producer prices in April that indicated inflation remained elevated...
Sea posts US million Q1 loss; higher costs temper record-high Shopee revenue
Sea posts US$23 million Q1 loss; higher costs temper record-high Shopee revenue
May 14, 2024
E-COMMERCE and gaming company Sea recorded a US$23 million net loss for the first quarter ended Mar 31, reversing its year-ago US$87.3 million profit. The company’s e-commerce arm Shopee...
Foxconn-backed Sharp to end TV display production, cut staff
Foxconn-backed Sharp to end TV display production, cut staff
May 14, 2024
FOXCONN-backed Sharp Corp is exiting TV panel production and plans to seek volunteers for early retirement, abandoning a business in which it lost out to Chinese rivals. The Japanese electronics...
Indonesia’s Pertamina ramps up Balikpapan refinery operation after revamp
Indonesia’s Pertamina ramps up Balikpapan refinery operation after revamp
May 14, 2024
Indonesia’s state refiner Pertamina is ramping up operations at its Balikpapan refinery after completing a revamp that started in February, a company official said on Tuesday (May 14).“Actually (the...
Vodafone reports 2% rise in annual profit after stronger final quarter
Vodafone reports 2% rise in annual profit after stronger final quarter
May 14, 2024
Vodafone reported on Tuesday (May 14) a 2.2 per cent rise in organic earnings for 2024, meeting market forecasts, after it returned to top-line growth in the final quarter...
CDL acquires Hilton Paris Opera Hotel from Blackstone funds for 240 million euros
CDL acquires Hilton Paris Opera Hotel from Blackstone funds for 240 million euros
May 14, 2024
CITY Developments Limited : C09 0% (CDL) has acquired Hilton Paris Opera Hotel from funds managed by Blackstone for 240 million euros (S$350.2 million), it said on Tuesday (May...
Sony profit outlook misses estimates as PS5 appeal wanes
Sony profit outlook misses estimates as PS5 appeal wanes
May 14, 2024
Sony Group said it expects operating income of 1.28 trillion yen (S$11.07 billion) in the year to March, missing analyst expectations for both profit and sales as PlayStation 5...
China’s Comac is designing a new widebody jet
China’s Comac is designing a new widebody jet
May 14, 2024
CHINA’S state-owned planemaker Commercial Aircraft Corporation of China (Comac) has preliminary drafts for a new widebody jet called the C939, the South China Morning Post reported, likely a larger...
Japanese bond yields climb to decade highs on BOJ policy bets
Japanese bond yields climb to decade highs on BOJ policy bets
May 14, 2024
JAPANESE sovereign bond yields are surging to the highest levels in more than a decade amid signs the central bank is ready to reduce debt purchases to ease pressure...