Technology
Bank of England set to hold rate at 16-year high
THE Bank of England (BOE) was set on Thursday (May 9)to keep its main interest rate at a 16-year high, resisting a cut as UK inflation cools at a...
Gold prices flat with focus on US economic data
GOLD prices were flat on Thursday (May 9), as investors turned their focus to US economic data that could offer additional insights into the timing of the Federal Reserve’s...
Malaysia central bank maintains policy rate at 3%
Malaysia’s central bank kept its benchmark interest rate unchanged on Thursday (May 9), in line with market expectations, against a background of a weakening ringgit currency and steady inflation...
Singapore stocks open lower on Thursday; STI down 0.3%
SINGAPORE stocks opened weaker on Thursday (May 9) following disappointing earnings reported between market days. Singapore’s Straits Times Index (STI) headed down 0.3 per cent or 8.68 points to...
Manulife profit beats on growth in Asia, wealth management
MANULIFE Financial posted first-quarter profit that beat analysts’ estimates, boosted by continued strength in its Asia operations and wealth-management business.Core earnings increased 16 per cent from a year earlier...
AMC reports first-quarter loss with fewer studio film releases
AMC Entertainment Holdings, the largest movie-theatre chain, reported a first-quarter loss, the result of a thinner slate of releases from Hollywood studios after last year’s strikes by writers and...
Robinhood beats profit estimates on interest income strength
TRADING app Robinhood Markets beat estimates for first-quarter profit thanks to strong trading volumes and rate hikes that boosted its net interest revenue and sent shares up about 6 per cent...
Share buybacks offer window into Seatrium board’s perspective on its stock’s value
THE S$100 million share buyback programme announced by Seatrium on Apr 29 was interpreted positively by many investors – and for good reason.When companies choose to return capital in...
Katherine Asplundh: Billionaire’s New Wife Goes Viral for Bullying Woman Who Shares Her New Surname into Selling Her Instagram Handle
The newlywed billionaire's wife allegedly bullied an Instagram user over the ownership of a username, accusing the user of unlawfully "pretending to be someone." Katherine Asplundh, formerly Driscoll, married...
