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PayPal forecasts Q4 revenue below estimates as profit push puts growth behind

PAYPAL forecast fourth-quarter revenue below estimates on Tuesday (Oct 29) as the digital payments company shifts its focus to higher-margin businesses from...

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Australia’s CBA sells another 10% stake in Vietnam’s VIB

COMMONWEALTH Bank of Australia (CBA) has sold a 10 per cent stake in Vietnam International Commercial Joint Stock Bank (VIB) it said...

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Santander books record quarterly profit on retail unit, delays UK results

Santander booked a record net profit in the third quarter thanks to a solid performance at its main retail business and strict...

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Japanese brokerage Daiwa’s Q2 profit jumps 80% on Aozora stake

JAPAN’S second-largest brokerage and investment bank Daiwa Securities posted an 80.5 per cent surge in second-quarter net profit as investment income increased...

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HSBC bonus pool on course to match last year’s decade high

Bankers at HSBC Holdings can expect to share a bonus pool for 2024 worth at least as much as last year’s haul...

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BOK’s Rhee sees softer economic growth closer to 2.2% this year

BANK of Korea (BOK) governor Rhee Chang-yong said economic growth may be closer to 2.2 per cent this year in a downgrade...

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HSBC to buy back US$3 billion shares as profit beats estimates

HSBC Holdings announced a fresh multi-billion US dollar stock buyback as it reported better-than-estimated earnings days after unveiling a major restructuring of...

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HSBC coy on cost savings of revamp as quarterly profit tops expectations

HSBC Holdings beat third-quarter profit expectations on Tuesday (Oct 29) thanks to rising wealth and wholesale banking revenue, but kept investors waiting...

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Bank of Japan should avoid policy shift now, says opposition party head Tamaki

THE Bank of Japan should avoid making big changes to its ultra-loose monetary policy now because real wage growth is still at...

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Bitcoin tops US$70,000 for first time since June as election nears

BITCOIN rose past US$70,000 for the first time since June, bolstered by inflows into dedicated exchange-traded funds as well as speculation about...

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