Business
Veteran banker sees Bank Negara keeping rates unchanged
A veteran banker who led a Malaysian lender to record profit says that the South-east Asian country can hold off on further cutting…
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Citigroup sees investment-banking fees, markets up mid-single digits
Volatility has whipsawed global markets since US President Donald Trump announced tariffs on trading partners around the world Citigroup…
Business
Bank of America sees two US Fed rate cuts this year vs none before
Economists at Bank of America forecast two US Federal Reserve interest-rate cuts this year, in September and December, based on weak…
Business
Citi expects global digital asset trades to hit US$2 trillion a day; DBS sees volume surge in H1
In a white paper released this week, Citi projected that in five years, the world will see US$2 trillion in digital assets held or traded…
Business
Macy’s sees first increase in same-store sales since 2022
Macy’s raised its expectations for the year and reported the first increase in same-store sales since 2022 after the department store…
News
Squad's Ilhan Omar sees her wealth soar while serving her fourth House term
Rep. Ilhan Omar scoffed at claims that she's gotten rich while serving in the House, but a new financial disclosure report shows the…
News
Thailand’s 1.47t baht fund sees gold, equities boosting returns
LAND’S Government Pension Fund (GPF) expects gold, commodities and a rally in global equities to drive a recovery in its returns after a…
Business
Federal Reserve’s Waller sees rate cuts over next 3-6 months, starting in September
FEDERAL Reserve Governor Christopher Waller on Thursday stepped up his call for cutting short-term US borrowing costs, saying he would…
Business
Air New Zealand full-year profit falls 15%, sees weakness ahead
The airline has been hamstrung by groundings due to extra maintenance on Pratt & Whitney and Rolls-Royce engines worldwide, and at one…
Business
Kohl’s Sees Turnaround Efforts Starting to Kick In, But Sales Still Declining
Turnaround efforts at Kohl’s, after months and months of work, appear to be starting to pay off. On Wednesday, Kohl’s reported…
Business
Thai central bank sees room for accommodative policy in face of second-half challenges
Thailand’s monetary policy should remain accommodative as the economy will face multiple headwinds in the second half of this year,…
Business
AI job cuts debacle sees biggest Australia bank reverse tack
Commonwealth Bank of Australia (CBA) reversed a decision to cut 45 customer service roles due to new artificial intelligence (AI)…
News
Putin sees summit with Trump as the end of Russia's international isolation
For Russian President Vladimir Putin, the summit with President Trump has ended Russia's international isolation and validated Moscow's…
Business
Nubank sees more credit growth as quality gauges hold up
Nu Holdings, Latin America’s biggest digital bank, reported a decline in credit quality that was roughly in line with analysts’…
Business
Starz Sees Q2 Revenue Drop 8%, Streaming Subs Decline After Lionsgate Split
Starz saw an 8% drop in revenue for its April 1-June 30 earnings, the now-standalone media company reported Thursday. Additionally, Starz…
News
Trump sees 25% chance Alaska summit with Putin will flop
President Trump said there's a quarter chance that Friday's summit with Russian President Vladimir Putin will end in failure. Source link
Business
Foxconn sees robust AI demand continuing after Q2 profit tops forecast
Foxconn expects higher third-quarter revenue, it said on Thursday (Aug 14), on robust demand for artificial intelligence servers, which…
Business
CK Hutchison sees ‘reasonable chance’ of US$22.8 billion ports sale going through
CK Hutchison said on Thursday (Aug 14) its US$22.8 billion ports business sale had a “reasonable chance” of going through after a plan to…
News
Porthcawl's Coney Beach Pleasure Park accident sees 13 children injured on ride
Oscar Edwards & Maria Cassidy BBC News Thirteen children and one adult received minor injuries after an accident on a pleasure park ride.…
Business
Thailand’s Delta sees AI boom boosting sales for coming years
Delta Electronics (Thailand), the country’s most valuable publicly traded company, is predicting “double-digit” sales growth to continue…
Business
Cisco sees AI sales picking up but sticks to cautious outlook
Cisco Systems, the largest maker of machines that run computer networks and the internet, gave a cautious forecast for the current fiscal…
Business
Brooks Sees Double-Digit Global Revenue Growth for Second Consecutive Quarter
Brooks Running is breaking records — again. Brooks set another all-time quarterly high in revenue for the second consecutive quarter, this…
Business
DBS sees rising demand for yuan settlements from Chinese exporters
DBS Group, South-east Asia’s largest lender by assets, is seeing growing interest from Chinese exporters to settle trades in renminbi…
Business
Nomura sees Fed cutting rates by 25bps in September as inflation cools
RA now expects the US Federal Reserve to cut interest rates by 25 basis points at its September meeting, citing softer core PCE inflation…