HSBC’s record annual profit marred by US$3 billion China hit; shares slide
HSBC Holdings reported a record annual profit on Wednesday (Feb 21), although it missed estimates because of a US$3 billion ...
Tag: Billion
Walmart will buy TV maker Vizio for US$2.3 billion
WALMART announced on Tuesday (Feb 20) it will buy smart television maker Vizio for US$2.3 billion in cash, boosting the ...
IHG to return over US$1 billion to shareholders this year after stellar 2023
HOLIDAY Inn owner IHG posted slightly better-than-expected annual room revenue on Tuesday (Feb 20) and said it expected to return ...
Barclays aims to cut costs by £2 billion in bid to boost returns
BARCLAYS said it will go on a major cost-cutting drive as part of chief executive officer CS Venkatakrishnan’s efforts to ...
Capital One to buy Discover Financial in US$35.3 billion all-stock deal
CAPITAL One, a US consumer lender backed by Warren Buffett, said on Monday that it will acquire credit card issuer ...
ANZ’s A$4.9 billion Suncorp deal to progress after court win
ANZ Group Holdings won its fight to overturn a competition watchdog decision to block its A$4.9 billion (S$4.3 billion) purchase ...
US awards US$1.5 billion to GlobalFoundries for domestic semiconductor production
THE US government is awarding US$1.5 billion to GlobalFoundries to expand semiconductor production, the Biden administration said on Monday (Feb ...
China state banks earmark 60 billion yuan for property projects
CHINA’S state-owned lenders have earmarked at least 60 billion yuan (S$11.4 billion) of loans for property projects eligible for support, ...
Hot stock: Olam surges after investigations show no involvement in US$50 billion Nigerian fraud
SHARES of Olam Group soared on Monday (Feb 19) after the group announced it recently concluded investigations into Olam Nigeria, ...
Retail investors net buy S$1 billion of Singapore stocks in early 2024
THE net institutional fund flows for the first six weeks of 2024 showed a similar trend as the same period ...
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