Business
Seatrium rejects ‘wrongful termination’ of US$475 million contract, receives notice of arbitration
The deal is for the construction of a wind turbine installation vessel at a US offshore wind farm Seatrium on Wednesday (Oct 22) said that…
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Business
Business
Asia’s biggest stock exchanges push back against companies hoarding crypto
Three of Asia Pacific’s biggest stock exchanges are pushing back against crypto hoarding vehicles masquerading as listed companies. Hong…
Business
New JPMorgan skyscraper underlines Manhattan office comeback
JPMorgan Chase officially inaugurated its new Manhattan tower on Tuesday, a 60-story skyscraper that also marks a kind of comeback of…
Business
KKR says more investment flowing to Asia from US as dollar slips
The New York-based buyout giant is ramping up in Japan, deploying capital at five times the pace of a decade ago Global investors with…
Business
Gold and silver post steepest drops in years as rally cools
Gold and silver saw their steepest sell-off in years as investors locked in profits on concern that the recent historic rally in the…
Business
AI not a reliable source of news, EU media study says
ARTIFICIAL intelligence assistants such as ChatGPT made errors about half the time when asked about news events, according to a vast study…
Business
No new US soy sales to China, nothing being loaded, say US soy groups
There are no new sales of United States’ soybeans to China and nothing is expected to be loaded in coming weeks, according to information…
Business
Ugg Dupes Case Narrows What’s Trade Dress Protectable
Are widely used features in a product entitled to trade dress protection? The answer to that question has been narrowed considerably, at…
Business
Netflix says tax dispute hurt solid quarter; shares tumble
The company will use some of that money to repurchase shares and invest in programming Netflix said a tax dispute with Brazil cut into…
Business
Wells Fargo CEO says credit is strong, sees no cracks in banking system
Credit among consumers and businesses remains strong, despite recent concerns about loan losses that have weighed on bank stocks, Wells…
Business
Anthropic, Google in talks on cloud deal worth tens of billions
Anthropic PBC is in discussions with Alphabet’s Google about a deal that would provide the artificial intelligence (AI) company with…
Business
US: Wall Street ends mixed as earnings lift the Dow
US stocks closed mixed with the Dow out front on Tuesday, as a string of solid earnings lured investors to industrials and capital goods.…
Business
Oil settles higher as investors focus on supply signals
Oil prices settled higher on Tuesday, bouncing off the previous session’s five-month lows, as investors reassessed expectations of a…
Business
L’Oreal flags first China growth in two years but misses sales forecast
French beauty conglomerate L’Oreal posted weaker-than-expected third-quarter growth on Tuesday (Oct 21), weighed down by its performance…
Business
Europe: Shares gain, French stocks at highs as investors focus on earnings
EUROPEAN shares closed slightly higher on Tuesday, following a 1 per cent jump in the previous session, as investors assessed mixed…
Business
Driverless Waymo taxis under investigation after failing to stop for a school bus
Around 2,000 Waymo vehicles are under investigation following reports of one of the self-driving taxis navigating around a school bus…
Business
OpenAI launches its own browser to compete with Google
OpenAI launched its own web browser called Atlas, hoping to use its artificial intelligence superpowers to take away market share from…
Business
US Fed to trim rates twice more this year; 2026 rate path very unclear
The new forecast follows a recent shift in expectations by Fed policymakers toward additional reductions The Federal Reserve will lower…
Business
Nasdaq profit tops estimates on higher trading volume, fintech demand
Nasdaq also saw broad-based growth across its financial technology and software divisions Exchange operator Nasdaq beat Wall Street…
Business
US: Wall Street opens flat as investors assess earnings for direction
Wall Street’s main indexes opened flat on Tuesday (Oct 21), as investors assessed a wave of quarterly earnings from corporate majors. At…
Business
3M raises 2025 profit forecast as margin-focused strategy pays off
3M has leaned on product innovation under CEO Bill Brown, who took the helm in 2024 3M on Tuesday (Oct 21) raised full-year profit…
Business
Coca-Cola tops quarterly revenue estimates on steady soda demand
It reported quarterly revenue of US$12.5 billion, compared with estimates of US$12.39 billion Coca-Cola’s revenue and profit exceeded Wall…
Business
Bank of England’s Bailey warns First Brands, Tricolor collapses may herald worse to come
The recent collapses of US car parts maker First Brands and auto dealership Tricolor may be a warning of much bigger financial problems to…
Business
OpenAI recruits ex-bankers to train AI to eliminate grunt work
Participants are paid US$150 per hour to write prompts and build financial models for a range of transaction types OpenAI has more than…