Business
IFC, HSBC inks US$1 billion risk-sharing facility to boost trade financing in emerging markets
The two will equally share the risk on a portfolio of trade-related assets held by emerging-market banks in 20 countries THE International…
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Business
Business
IFC, HSBC ink US$1 billion risk-sharing facility to boost trade financing in emerging markets
The two will equally share the risk on a portfolio of trade-related assets held by emerging-market banks in 20 countries THE International…
Business
Bank of America promotes 387 employees to managing director: source
Bank of America (BOA) has promoted 387 employees to managing director roles in 2024, 16 per cent more than last year, a source familiar…
Business
Apple working with Broadcom to develop AI chip: report
APPLE is working with Broadcom to develop its first server chip specially designed for artificial intelligence (AI) processing, the…
Business
Hershey’s main owner rejects Mondelez’s offer as too low
THE main owner of US chocolate maker Hershey has rejected a preliminary takeover offer from Mondelez International, sources familiar with…
Business
Nvidia challenge to investor suit spurned by Supreme Court
THE US Supreme Court dismissed an appeal by Nvidia, leaving it to face a lawsuit that accuses the company of misleading shareholders about…
Business
Adobe forecasts fiscal 2025 revenue below estimates on slower subscription spending
PHOTOSHOP maker Adobe forecast fiscal 2025 revenue below Wall Street estimates on Wednesday (Dec 11), indicating the company’s investments…
Business
China is urging EV firms to invest in South Africa, official says
CHINA is encouraging its electric vehicle (EV) manufacturers to invest in South Africa as it seeks to broaden ties between the two…
Business
Stability, rich talent pool in South-east Asia drive double-digit growth for Citi across inter-Asean trade corridors
Governments in the region are welcoming of supply chain shifts, says the bank’s co-head of corporate banking THE South-east Asia region is…
Business
Bindi Irwin Experienced a Heart-Warming Wildlife ‘First’ With Daughter Grace & the Photos Are Stunning
Grace Warrior is growing up surrounded by animals, but even she has new wildlife experiences every day with her parents Bindi Irwin and…
Business
Germany's Steinmeier praises Nigerian economic reforms in Abuja talks
Nigeria's doors are wide open to business, President Bola Tinubu told his German counterpart Frank-Walter Steinmeier in the capital Abuja…
Business
Google unveils latest AI model, Gemini 2.0
GOOGLE on Wednesday (Dec 11) announced the launch of Gemini 2.0, its most advanced artificial intelligence model to date, as the world’s…
Business
Red Sox would land Framber Valdez from Astros in one-for-one trade pitch
The Boston Red Sox are decidedly in the market for a frontline starter. Even after veteran southpaw Max Fried agreed to a $218 million…
Business
US: Wall St opens higher after inflation data solidifies rate-cut bets
Wall Street’s main indexes opened higher on Wednesday (Dec 11) after an in-line inflation reading kept intact bets on the Federal Reserve…
Business
Huawei’s New Mate 70 phone shows its chip advances are stalling
HUAWEI Technologies’ latest flagship smartphone is powered by a chip little different from the one that set off alarm bells in Washington…
Business
Del Monte Q2 net loss widens to US$22.2 million on subsidiary’s lower profit, higher interest expense
PHILIPPINE food-and-beverage manufacturer Del Monte Pacific on Wednesday (Dec 11) posted a net loss of US$22.2 million for the second…
Business
Inflation has ticked up in November
By Michael D. Carroll Breaking News Editor ✓ Link copied to clipboard! Driven by higher costs for used cars, hotel stays, and auto…
Business
Ron Sim and Osim send legal letter of demand to Trek 2000 International’s current and former chairmen
Ron Sim alleges fraudulent misrepresentations before he acquired shares of Trek 2000 in 2015 MASSAGE chair and appliance manufacturer Osim…
Business
Ron Sim and Osim send legal letter of demand to Trek 2000 International’s current and former chairman
Ron Sim alleges fraudulent misrepresentations before he acquired shares of Trek 2000 in 2015 MASSAGE chair and appliance manufacturer Osim…
Business
Europe’s loan bankers pin hopes on M&A revival to boost volumes
REFINANCINGS helped bolster European loan volumes in 2024 but with mergers and acquisitions looking like they’re finally picking up,…
Business
China auto body seeks subsidy extension as EV exports take hit
CHINA’S biggest industry group for automobile makers urged the government to extend concessions for trading in older vehicles, as part of…
Business
Zara owner Inditex’s sales growth slows as holiday shopping begins
INDITEX, the owner of Zara, reported slower sales growth at the outset of the crucial holiday shopping season. The Arteixo, Spain-based…
Business
German church loses tower title to Spanish one thanks to Germans
After more than 130 years, a church tower in Ulm will lose its title as the world's tallest to the Sagrada Família church in Barcelona -…
Business
Bank of England set to stay in central bank slow lane and keep rates on hold
THE Bank of England (BOE) looks set to keep interest rates on hold next week as it moves more slowly to cut borrowing costs than central…