Lifestyle
Sri Lanka approves power deal with India’s Adani Group
Sri Lanka announced on Tuesday (May 7) it was entering into a 20-year agreement with Adani Group to buy electricity from a US$442-million wind power plant the Indian conglomerate...
Infineon launches savings programme as weak demand persists
GERMAN chip manufacturer Infineon announced a cost savings programme on Tuesday (May 7) as it again lowered its full-year revenue outlook, blaming ongoing industry-wide weak demand.
The company lowered its...
MAS asks DBS to identify root cause of May 2 glitch in digital banking services
THE Monetary Authority of Singapore (MAS) said on Tuesday (May 7) that it was “following up” with DBS : D05 0% over the root cause of a disruption to...
Nintendo to announce Switch successor details this financial year
JAPAN’S Nintendo said on Tuesday (May 7) it plans to make an announcement about the successor to its aging Switch console during the financial year ending March 2025.
Nintendo has...
PetroVietnam announces new oil discoveries with initial reserves of 100.5 million barrels
AFFILIATES of Vietnam’s state oil firm PetroVietnam have made two new oil findings with combined initial reserves of 100.5 million barrels of crude oil, its exploration and production arm...
UBS reports first profit since taking over Credit Suisse
UBS reported a net income of US$1.8 billion for January to March, its first quarterly profit since it took over fallen rival Credit Suisse.The net income attributable to shareholders...
New Thai finance minister downplays row with central bank
Thailand’s new finance minister on Tuesday (May 7) downplayed a long-running clash between the central bank and the government over interest rates, saying there would be no attempt to...
Australia’s central bank holds cash rate at 4.35%
AUSTRALIA’S central bank held interest rates steady on Tuesday as expected, while noting inflation was easing more gradually than hoped and it was vigilant to upside risks for price...
