Real Estate
Zurich Insurance announces US$1.25 billion buyback after record profit
ZURICH Insurance posted a better than expected annual operating profit on Thursday (Feb 22) and announced a share buyback of up to US$1.25 billion, as insurers ride out the...
Mercedes-Benz to update combustion engine cars amid EV demand slowdown
MERCEDES-BENZ on Thursday (Feb 22) toned down expectations on EV demand and said it will update its combustion engine lineup well into next decade, becoming the latest carmaker to...
Eastspring Investments names new chief investment officer
EASTSPRING Investments, the asset management business of Prudential, on Thursday (Feb 22) said it appointed Vis Nayar as chief investment officer (CIO), effective Jun 3. Nayar joins Eastspring from...
Taiwan chip firms flock to Japan as China decoupling accelerates
JAPAN’S efforts to rebuild its semiconductor industry are getting a shot in the arm as more and more Taiwanese chip companies expand here – not only to support a...
Roblox game developers earned a record US$741 million last year
VIDEO-GAME makers are earning more money than ever developing and distributing games on Roblox. In 2023, Roblox paid out a record US$740.8 million to game creators, according to a...
Hot stock: iFast spikes to over 2-year high on Q4 profit surge
SHARES of iFast hit a record high on Thursday (Feb 22) morning after the financial services company reported a 917.1 per cent rise in fourth quarter net profit.A pre-market...
South Korea holds rates steady, investors eye timing of pivot
SOUTH Korea‘s central bank left interest rates at a 15-year high on Thursday amid signs that the weaker economy is slowing inflation, with investors zeroing in on Governor Rhee Chang...
Cisco to sell US$13.5 billion of bonds to fund Splunk deal
CISCO Systems is selling US$13.5 billion of bonds in the United States high-grade debt market to partly finance its proposed US$28 billion acquisition of Splunk, as issuers rush to...
