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 ...
NEW YORK: Optimism that the United States and China will soon reach a trade deal has helped propel stocks close to new highs, but the decisive factor in whether the bull market runs much further may be this year's corporate earnings. Earnings season begins in earnest on Friday when...
Wall Street's main indexes opened lower on Tuesday, as trade concerns resurfaced and investors braced for the first quarterly earnings contraction since 2016.
REUTERS: Levi Strauss & Co posted a 7 percent rise in quarterly revenue on Tuesday in its first report after returning to public markets, as the jeans maker's strategy of expanding its retail stores and investing in its online business paid off. The company's shares rose nearly 2 percent...
REUTERS: Levi Strauss & Co posted a 7 percent rise in quarterly revenue on Tuesday in its first report after returning to public markets, as the jeans maker's strategy of expanding its retail stores and investing in its online business paid off. The company's net revenue rose to US$1.43...
Canada is looking at ways to boost the effectiveness of its retaliatory tariffs against the United States, Foreign Minister Chrystia Freeland said on Tuesday, but did not address remarks by a senior official who revealed what Ottawa might do.
WASHINGTON: Newly-installed World Bank President David Malpass spent his first day at the global lender on Tuesday (Apr 9) hammering home the message that the most urgent issue facing the bank is addressing global poverty. President Donald Trump's controversial pick to lead the bank appeared eager ...
