Technology
Indian winemaker Sula Vineyards’ Q4 profit slips on mounting expenses
Sula Vineyards, India’s biggest wine maker by revenue, reported a 5 per cent drop in fourth-quarter profit on Wednesday (May 8), as mounting expenses overshadowed steady demand for its...
US: Wall St opens lower as megacaps drag
US stock indexes opened lower on Wednesday (May 8), dragged down by megacap stocks including Tesla, as Treasury yields rebounded with investors seeking more clarity on the Federal Reserve’s...
Prime US Reit distributable income for Q1 2024 down 19.5% to US$11.9 million
PRIME US Reit’s : OXMU 0% distributable income fell 19.5 per cent to US$11.9 million in the first quarter of its fiscal year ended Mar 31, 2024, from US$14.9...
DBS hires chief of Ping An’s tech group to be its new chief information officer
DBS has hired Eugene Huang, who was chief executive officer of Ping An’s technology arm, to be the bank’s chief information officer (CIO), it said in a bourse filing...
Big car COE premiums top S$105,000 as mainstream cars hover below S$95,000
THE Certificate of Entitlement (COE) premium for big cars jumped past the S$105,000 mark, while mainstream cars saw a slight drop in May’s first round of bidding. The price...
Indian banks to step up IT spends as regulatory scrutiny rises
INDIAN banks’ plan to increase their technology spending to around 10 per cent of their operating expenses to keep up with the surge in digital transactions as the central...
Puma returns to sales growth in Americas despite ‘volatile’ market
GERMAN sportswear brand Puma’s first-quarter sales met expectations on Wednesday (May 8), sending its shares rising more than 4 per cent, helped by demand for its retro shoes and...
Toyota sees 20% full-year profit decline after blockbuster Q4
Toyota Motor forecast a 20 per cent profit decline in the current financial year on Wednesday (May 8), citing cost of investment in suppliers and strategy, after the world’s...
