Real Estate
Nissan cuts annual operating profit estimate by 14.5% on lower sales
NISSAN Motor slashed its annual operating profit estimate by 14.5 per cent on Friday (Apr 19) citing lower-than-expected vehicle sales and other factors.Japan’s third-largest automaker by volume now estimates...
Inside TSMC chairman Mark Liu’s short but impactful reign
MARK Liu’s term as chairman of Taiwan Semiconductor Manufacturing Co (TSMC) has been brief compared to that of his predecessor. Liu took over in 2018 from founder Morris Chang and will...
SK hynix, Taiwan’s TSMC to collaborate on next-gen chips
SOUTH Korea’s SK hynix, the world’s second-largest memory chipmaker, said on Friday it will collaborate with Taiwanese semiconductor giant TSMC to make next-generation high-bandwidth memory (HBM) chips used in...
Apple removes WhatsApp, Threads from China app store on government order
APPLE removed Meta Platforms’ WhatsApp and Threads from its App Store in China on Friday after the iPhone maker was ordered by the Chinese government.“The Cyberspace Administration of China...
Federal Reserve’s Bostic reiterates rate cut is not likely until end of year
FEDERAL Reserve Bank of Atlanta President Raphael Bostic said he’s comfortable keeping interest rates steady, reiterating he doesn’t think it will be appropriate to lower borrowing costs until toward...
Hedge funds cry foul over China education firm’s default
HEDGE funds and other international investors are sounding alarms after a profitable education company from China defaulted on its convertible bonds in March. A group of bondholders, which includes some...
Slow recovery as Dubai airport, roads still deluged
DUBAI airport, one of the world’s busiest, witnessed major disruption for a third straight day Thursday after the heaviest rains on record drenched the desert United Arab Emirates.Emirates, Dubai’s...
Netflix handily beats subscriber targets, misses on revenue forecast
NETFLIX blew past Wall Street expectations on new customers for the second straight quarter on Thursday but signaled the positive surprises could be over, forecasting revenue growth slightly below analyst...
