Lifestyle
Japan’s Sumitomo Corp net profit down 32% on Madagascar one-off loss
JAPANESE trading house Sumitomo Corp reported net profit for the fiscal year ended in March fell 31.7 per cent from a year earlier to 386.4 billion yen (S$3.4 billion),...
Moderna beats quarterly estimates as cost-cutting pares losses
Moderna reported a narrower first-quarter loss than Wall Street had expected, as the biotech giant’s cost-cutting helped offset a steep decline in its Covid business.The Cambridge, Massachusetts-based company reported...
DBS customers unable to login to Digibank, PayLah! on Thursday
DBS customers appeared to have issues logging into the bank’s Digibank and PayLah! apps on Thursday (May 2).
On outage tracker site Downdetector, more than 3,000 reports have been...
Shell maintains pace of buybacks as profit beats estimates
Shell kept up the pace of share buybacks as first-quarter profit dropped less than expected, maintaining the focus on shareholder returns that has become a hallmark of the oil...
Sumitomo to bolster shareholder returns in new mid-term plan
Japanese trading firm Sumitomo said it will buy back its stock and adopt a progressive dividend policy, bringing it in line with the other four major peers in an...
ING unveils 2.5 billion euros buyback as profit beats estimates
ING Groep announced a fresh share buyback after reporting a first-quarter profit that beat estimates .The Netherlands’ biggest bank will repurchase stock worth as much as 2.5 billion euros...
Banking giants race to Riyadh as MBS steps up pressure campaign
WHEN Deutsche Bank last month brought back its former CEO for the Middle East and Africa, the reappointment came with a twist: Unlike his prior stint at the German...
Credit Suisse faces 50 billion won South Korea short-sale fine
CREDIT Suisse reportedly faces 50 billion won (S$49.4 million) in penalties over illegal short selling in South Korea, where authorities are due to give an update on their broader...
