SYDNEY: Shares in Australian casino operator Crown Resorts Ltd tumbled on Wednesday after U.S. casino giant Wynn Resorts Ltd abruptly ended takeover talks overnight. Wynn, the world's second-largest casino operator, had proposed a buyout valuing Crown at AUS$10 billion (US$7.1 billion), Crown ...
SAO PAULO: The Brazilian unit of Ford Motor Company said on Tuesday it was initiating a voluntary layoff program for its plant in Camaçari, in the northeast state of Bahia, with the objective to cut workforce it said was in excess of current needs. The company in its statement...
SAN FRANCISCO: A U.S. bankruptcy judge on Tuesday deferred a ruling on whether to approve a PG&E Corp plan to pay up to US$350 million in bonuses to 10,000 employees, saying he wants more details from the California power producer that is facing bankruptcy following last year's wildfires. Judge...
SINGAPORE: Implementing the GPS-based instrument approach procedures at Seletar Airport will ultimately result in having more airlines operate out of the airport, industry experts said on Tuesday (Apr 9). The procedures will be developed by civil aviation authorities from both Singapore and ...
JERUSALEM/NEW YORK: Airbnb said on Tuesday it would not implement a planned delisting of Israeli settlements in the occupied West Bank and would donate proceeds from any bookings in the territory to international humanitarian aid organizations. Heeding calls from Palestinians who want the West ...
ACCOUNTING is experiencing more disruption than ever before. Manual or repetitive tasks will be replaced by automation, robotics and machine learning in the near future. However, this does not mean that the accounting profession is a sunset industry. In fact, with the rise of the technological applications...
S&P Global Ratings said the default of troubled water and power company Hyflux could be the "first wagon in a train of financial distress cases" to come in Singapore, as lending conditions adjust to the economic slowdown and become less favourable.
NEW YORK: Wall Street is bracing for large U.S. companies to report a decline in quarterly profits even after raking in higher revenues, something that has not happened in more than a decade. S&P 500 companies due to report in the coming weeks face tough comparisons with last year,...
SAN FRANCISCO: A U.S. bankruptcy judge on Tuesday deferred a ruling on whether to approve or reject a motion by PG&E Corp to pay up to US$350 million in bonuses to 10,000 employees after the power producer said the plan excluded senior executives and would help it fight devastating...
NEW YORK: The S&P 500's eight-day winning streak ended with a thud on Tuesday (Apr 9) following President Donald Trump's latest trade war threat amid caution over upcoming earnings reports. The S&P 500, a broad-based index of US companies, finished down 17.57 points (0.61 per cent) at 2,878.20 ...
