Business
Suncorp beats first-half cash earnings consensus estimate, declares special dividend
AUSTRALIAN insurer Suncorp Group reported a 30 per cent rise in its first-half cash earnings on Wednesday, beating consensus estimates, as…
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Business
Business
Hong Kong’s latest bubble tea IPO mints another billionaire
CHINA’S insatiable appetite for bubble tea has spawned another billionaire. Guming Holdings’ US$233 million Hong Kong initial public…
Business
California’s FAIR Plan Gets $1 Billion Bailout After L.A. Fires
California’s home insurance plan of last resort, designed for people who can’t get coverage on the private market, does not have enough…
Business
JPMorgan adds buy-now, pay-later provider Klarna to its payments platform
JPMORGAN Chase’s payments processing unit is partnering with fintech Klarna to expand buy now, pay later (BNPL) options for its merchants.…
Business
Charles Schwab expands 24-hour trading to all its retail clients
CHARLES Schwab is expanding overnight trading to all of its retail clients as it seeks to capture demand from investors piling into US…
Business
Lyft posts muted first-quarter bookings and profit outlook
LYFT issued a disappointing first-quarter gross bookings outlook, following a similarly muted forecast from rival Uber Technologies citing…
Business
What is the People's Union? Group behind nationwide economic blackout
A group staging a nationwide economic blackout at the end of the month is going to cut off all spending purchases for 24 hours. Called the…
Business
Carrefour proposes buyout of Brazilian grocery unit Atacadao
FRENCH grocer Carrefour submitted a proposal for a take-private of its Brazilian subsidiary Atacadao. Atacadao said that its management…
Business
Listed companies can dial down on diversity; profits, financial prudence, shareholder treatment matter more
LIVING in multi-racial, multi-religious Singapore – where people hail from diverse nationalities and many are foreign-born – is fun. One…
Business
Duolingo mascot "dead?" Internet reacts to company post
Learning language app Duolingo posted to social media that its mascot, The Duolingo Owl, has passed away. "It is with heavy hearts that we…
Business
How to succeed at M&A when most mergers fail
A study conducted on over 40,000 corporate acquisitions over the last four decades determined that around 70 percent of mergers fail, in…
Business
How to succeed at M&A when most mergers fail
A study conducted on over 40,000 corporate acquisitions over the last four decades determined that around 70 percent of mergers fail, in…
Business
Digging Deep with Jilaine Jones
The guys over at 15 Orient have been hitting a lot of home runs lately. Pardon the sports idiom: if you think of the art world as a…
Business
‘Doomers’ Review: Hunkered Down, Debating the Peril and Promise of A.I.
Conventional wisdom says the theater is slow to react to current events, but dramatists like Ayad Akhtar (“McNeal”) have clamored lately…
Business
First Reit’s H2 DPU falls 6.5% to S$0.0116
HEALTHCARE real estate investment trust (Reit) First Reit posted a distribution per unit (DPU) of S$0.0116 for the second half of its 2024…
Business
Realtor asks "why is this house so cheap?" then looks inside
A realtor has shown the secret inside an unassuming home, and TikTok users are amazed. Arizona-based realtor Paulina Flores shared a clip…
Business
Lawsuit brought against PropNex unit on alleged salesperson misconduct
REAL estate services group PropNex said that its wholly owned subsidiary PropNex Realty, has been named as one of three co-defendants in a…
Business
NSL reverses losses with a net profit of S$18.9 million in latest 6-month results
INDUSTRIAL group NSL posted a net profit of S$18.9 million for the six-month period ended Dec 31, 2024, a reversal from its net loss of…
Business
Sibling backed after "guilting" family about trip sleeping arrangements
A family member has been backed online for "guilting" their siblings about the "ridiculous" sleeping arrangements they proposed for an…
Business
US: Wall St opens lower with Powell’s testimony on tap
WALL Street’s main indexes opened lower on Tuesday (Feb 11), as investors awaited a testimony from Federal Reserve Chair Jerome Powell for…
Business
Behind Elon Musk’s Hostile Bid for Control of OpenAI
We have spent much of the past 24 hours on the telephone trying to get to the bottom of Elon Musk’s hostile bid for Sam Altman’s OpenAI.…
Business
China bubble tea firm Mixue targets US$500 million in February Hong Kong IPO: sources
The firm plans to use the money raised in its IPO to expand production facilities and help increase its range of drinks CHINA’S largest…
Business
Passenger restrained mid-flight forces United Airlines flight to divert
A United Airlines flight from San Francisco to Chicago was forced to make an unscheduled landing in Denver in the early hours of Monday,…
Business
Coca-Cola posts surprise revenue jump on higher prices, steady demand
It’s focused on capturing demand in emerging markets such as India and expanding its portfolio in North America Coca-Cola posted a…