U.S. advertisers would be left with few choices and social media competition would dry up without TikTok, Kevin Mayer, the new CEO of the popular short video app that is owned by Chinese internet giant ByteDance, wrote in a blog post on Wednesday.
Boeing said on Wednesday it would cut production on its marquee 787 and 777 jet programs and delay ramp up plans on the 737 MAX, as it reported a bigger-than-expected quarterly loss due to the fallout from the COVID-19 pandemic.
Rolls-Royce is planning a share issue to raise up to 1.5 billion pounds (US$1.9 billion) to plug a capital shortfall as a slow recovery in demand for air travel threatens the aviation industry, four sources told Reuters.
SINGAPORE: The Monetary Authority of Singapore (MAS) has advised local banks to cap their dividends for FY2020, calling it a "pre-emptive" move to bolster banks' resilience and ability to support lending under the current economic downturn. In a media release on Wednesday (Jul 29), MAS said that ...
THE Monetary Authority of Singapore (MAS) on Wednesday has called on local banks to cap their total dividends per share (DPS) for FY2020 at 60 per cent of the amount in the previous financial year, in a move to shore up capital amid the uncertain economic climate....
THE Monetary Authority of Singapore (MAS) on Wednesday called on local banks to cap their total dividends per share (DPS) for FY2020 at 60 per cent of the amount in the previous financial year, in a move to shore up capital amid the uncertain economic climate. ...
General Electric Co reported US$2.18 billion in quarterly losses on Wednesday, hurt by weakness in its aviation and power units due to the COVID-19 pandemic, but its free cash outflow came in better than expected.
The CEOs of four of America's largest tech firms will testify before U.S. Congress on Wednesday in a hearing that promises a healthy dose of political theater, while also offering a window into the thinking of lawmakers trying to rein in Big Tech.
A CONSULTATION report has recommended that the SGD Singapore Interbank Offered Rates (Sibor) be discontinued in three to four years, and that the Singapore Overnight Rate Average (SORA) be used as the main interest rate benchmark for SGD financial markets.
LONDON: A major UK trial looking at whether some existing drugs may be used to treat COVID-19 is to continue testing Roche's arthritis drug Actemra, also known as tocilizumab, despite separate trial results on Wednesday (Jul 29) showing it had no benefit. "We will be continuing with the arm...
