UBS on Tuesday beat forecasts with a US$1.4 billion net profit for its second quarter of 2019, as gains in its advisory business softened an investment banking fall and boosted its Swiss retail and corporate banking business.
SINGAPORE: Singapore's core inflation rate edged down in June from the previous month, due to lower services and retail inflation and a steeper decline in the cost of electricity and gas. Core inflation - which excludes the costs of accommodation and private road transport - came in at 1.2...
FRANKFURT AM MAIN: The European Central Bank is likely to point Thursday (Jul 25) to an interest rate cut in September, analysts say, although recent hints towards bucking up sluggish growth and inflation could even mean a move this week. Rare high expectations for the summer gathering follow ...
SHANGHAI: Companies on China's new Nasdaq-style bourse retreated on Tuesday, shedding some of the massive gains made on their volatile debut in the previous session, although all remained well above their listing prices. While 24 out of 25 companies on the Shanghai Stock Exchange's STAR Market ...
SANTA CLARA, Calif./HONG KONG: China's Huawei Technologies laid off more than two-thirds of the 850-strong workforce at its Futurewei Technologies research arm in the United States, after being blacklisted by the government. Futurewei, which has offices in Silicon Valley and the greater Seattle ...
SINGAPORE: Warburg Pincus-backed image recognition technology firm Trax, a start-up that counts Heineken and Nestle among its clients, said it has raised US$100 million in its latest funding round, becoming Singapore's second unicorn. Chinese private-equity firm Hopu Investments led the financing ...
It might seem an unlikely time for U.S. farmers to look to China for more business but the devastating impact of African swine fever on the Chinese pork industry is trumping concerns about trade wars and tariffs.
Expectations of policy easing by major central banks such as the Federal Reserve propped up global stocks on Tuesday, while the pound sagged as Britain braced for a new prime minister who could pave the way for a no-deal exit from the European Union.
SAN FRANCISCO: Apple is in talks to buy Intel's smartphone modem chip unit, a move that would help the iPhone maker control a key component, the Wall Street Journal reported on Monday (Jul 22). The Journal cited unnamed people familiar with the matter as saying the deal would cover Intel...
LG Display said on Tuesday that it would invest 3 trillion won (US$2.55 billion) in its organic light-emitting diode (OLED) panels production line in South Korea.
