plan
SoftBank scraps AI chips tie-up plan with Intel: FT
JAPANESE technology investor SoftBank dropped plans of producing an artificial intelligence (AI) chip with Intel to compete with Nvidia, the Financial Times (FT) reported on Thursday (Aug 15).The partnership...
Tencent’s buyback plan in focus as Chinese tech rivals catch up
INVESTORS will scrutinise any comments from Tencent Holdings about its buyback plans during on Wednesday’s (Aug 14) quarterly results announcement as its competitors catch up with its spending levels.Tencent...
China central bank studies plan to narrow rate corridor, warns on bond risks
CHINA’S central bank said it’s studying a plan to narrow the range within which market interest rates can fluctuate, with policymakers on alert for risks building in the bond...
SVB bankruptcy plan approved, but US$2 billion FDIC fight lingers
A JUDGE approved SVB Financial Group’s restructuring deal but dealt the company a setback in its fight with federal regulators to recover about US$2 billion it had at its...
‘No one is indispensable’ – UOB’s Wee Ee Cheong says succession plan is in place
UOB has its succession plan in place, said UOB’s chief executive Wee Ee Cheong, given that everyone – himself included – has to retire at some point.Retiring is “a...
PayPal’s turnaround plan faces challenges from competition, analysts say
AS PAYPAL embarks on an ambitious turnaround strategy to revitalise growth after a post-pandemic slump, Wall Street analysts expressed some caution over competition from Big Tech and beyond.The concerns...
Bank of Japan to consider rate hike, outline bond taper plan
THE Bank of Japan (BOJ) will consider raising interest rates on Wednesday (Jul 31), a source familiar with the matter said, a move that would accompany a quantitative tightening...
Nissan global production cuts imperil CEO’s recovery plan
FOUR months into a three-year plan meant to reinvigorate Nissan Motor, chief executive officer Makoto Uchida is already struggling.On Thursday (Jul 25), Nissan slashed its operating profit outlook to...
