Technology
Morgan Stanley selling US$8 billion of bonds as demand soars
MORGAN Stanley became the latest big Wall Street bank to tap the US investment-grade market on Wednesday (Jul 17) after reporting earnings, as strong investor demand helps lenders borrow...
Netflix’s efforts to grow ad tier in focus as subscriber growth slows
NETFLIX likely added the fewest number of subscribers in five quarters during April to June as sharp gains following a crackdown on password sharing ebbed and viewer attention moved...
US online sales hit US$7.2 billion on first day of Amazon Prime Day event, Adobe says
SHOPPERS spent about US$7.2 billion online across retailers during the first day of Amazon’s Prime Day in the US, according to a report from Adobe Analytics on Wednesday (Jul...
Australia’s Fortescue to cut about 700 jobs; appoints insider Apple Paget as CFO
FORTESCUE will reduce about 700 jobs, or 4.5 per cent of its global workforce, in a fresh restructuring round, the Australian miner said on Wednesday (Jul 17), as it...
Cycle & Carriage to be sole Singapore distributor of Gogoro’s EV battery-swopping system
AUTOMOTIVE retailer Cycle & Carriage (C&C) has signed an agreement with Nasdaq-listed Taiwanese firm Gogoro to be an exclusive distributor of the latter’s battery-swopping systems and electric scooters in...
Japan’s Suzuki aims to cut vehicle weight of key model by 15% over a decade
JAPAN’S Suzuki Motor said on Wednesday (Jul 17) it plans to cut the weight of its small Alto hatchback by 15 per cent over the next decade, aiming to...
Airbus upgrades best-selling A321 jet to unlock long-haul routes
OVER the past 30 years, Airbus has continuously eked out more range from its A321 aircraft, making the model a bestseller as customers pair the economic benefits of a...
Gold soars to record peak as US rate-cut bets burnish appeal
GOLD prices jumped to an all-time peak on Wednesday (Jul 17), driven by mounting hopes of a US interest rate cut in September after recent comments from Federal Reserve...
