News
Nasdaq soars to new heights: What investors should know
ON FEB 19, both the S&P 500 and Nasdaq-100 achieved record highs, climbing by 0.2 per cent and 0.1 per cent, respectively. Their upward movements occurred as investors assessed...
Malaysia expects its palm exports to China to be ‘resilient’ amid price pressure
MALAYSIA-PALM/CHINA:Malaysia expects its palm exports to China to be 'resilient' amid price pressureMalaysian palm oil exports to China will “remain resilient” this year despite their premium over rival oils...
Shein’s annual profit down by more than a third: report
Online fast-fashion retailer Shein’s profit dropped by more than a third last year, adding to its challenges ahead of a planned listing on the London Stock Exchange, the Financial...
European tech sector sees unexpected rebound on AI windfall
European technology giants are exceeding expectations this quarter, joining financial and healthcare companies as one of the reporting season’s best-performing segments. Buoyed by artificial intelligence (AI) demand, the technology sub-sector...
Warren Buffett sounds warning to Washington as Berkshire reports record profit, cash
Berkshire Hathaway on Saturday (Feb 22) reported record annual profits and boosting its cash stake to US$334.2 billion, as Warren Buffett used his annual shareholder letter to caution Washington...
Healthcare S-Reits are here to stay
HEALTHCARE real estate investment trusts (Reits) have been the best-performing Reit subsector in the year to date as at Feb 20, recording an average total return of 2.8 per...
Walmart bonuses largely exceed targets but dip from prior year
WALMART will pay corporate employees more than their bonus target for another year, though workers will receive a slightly lower percentage than a year earlier.Most of the US-based staff...
Boeing’s chief aerospace safety officer set to retire, memo shows
BOEING’S longtime veteran and chief aerospace safety officer, Mike Delaney, will retire later this year, according to a memo seen by Reuters on Friday (Feb 21).The aerospace company in...
Wall Street giant Morgan Stanley eases diversity emphasis in annual report
MORGAN Stanley toned down its emphasis on diversity in its latest annual report published on Friday (Feb 22), signaling a recalibration as businesses adapt to a changing reality under...
Gold eases from record high on profit-taking, eyes eighth weekly gain
GOLD prices eased on Friday (Feb 21) as investors booked profits from the previous session’s record high, but were set for an eighth straight weekly gain, driven by strong...
