Operating
Raffles Family Office hires Terence Chow as group chief operating officer
He will be based in Hong Kong, reporting to the company’s group chief and co-founder Kwan Chi-manRAFFLES Family Office has named Terence Chow, formerly a wealth management chief executive...
Video game maker Ubisoft swings to full-year operating profit on record bookings
FRENCH video games group Ubisoft swung to an operating profit for its full-year to end-March, it said on Wednesday (MAy 15), as record bookings helped it reverse a year...
Samsung says Q1 operating profits soar nearly tenfold on-year
SAMSUNG Electronics said on Tuesday that its first-quarter operating profits had risen nearly tenfold year-on-year - a 931.8 per cent increase - amid recovering chip prices and growing demand.The...
Meta opens Quest operating system to third-party device makers
META Platforms is sharing its Quest headset’s operating system with rival device makers, including Microsoft, for the first time, it said on Monday, as it works to extend its...
Nissan cuts annual operating profit estimate by 14.5% on lower sales
NISSAN Motor slashed its annual operating profit estimate by 14.5 per cent on Friday (Apr 19) citing lower-than-expected vehicle sales and other factors.Japan’s third-largest automaker by volume now estimates...
Navigation firm TomTom Q1 operating result turns to loss on higher R&D costs
DIGITAL mapping specialist TomTom said on Wednesday (Apr 17) its operating result turned to a wider-than-expected loss in the first quarter, weighed down by an increase in research and...
Intel discloses US$7 billion operating loss for chipmaking unit
INTEL on Tuesday (Apr 2) disclosed deepening operating losses for its foundry business, a blow to the chipmaker as it tries to regain a technology lead it lost in...
Fed’s operating losses swelled to record US$114.3 billion in 2023
THE Federal Reserve’s expenses exceeded its earnings in 2023 by US$114.3 billion, its largest operating loss ever, forcing the US central bank to forgo remittances to the Treasury as...
