By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street three major indexes all retreated more than 1% on Tuesday, with weakness in megacap growth companies such as Apple Inc and the chip sector weighing most on the Nasdaq ahead of this week\'s crop of economic data and remarks from Federal Reserve Chair Jerome Powell....
SINGAPORE (Reuters) - Singapore\'s biggest bank DBS Group (OTC:DBSDY) has grown its sustainable financing commitments, net of repayments, by 37.3% to 70 billion Singapore dollars ($52.10 billion) as of end-December, from S$51 billion in 2022, it said on Wednesday. DBS, which is also Southeast Asia\'s biggest bank by assets, reduced its thermal coal exposure by...
By Elizabeth Howcroft and Hannah Lang LONDON/NEW YORK (Reuters) -As Tether toasts $100 billion in circulation this week, the rapid rise of the world\'s biggest stablecoin has highlighted concerns about potential risks to wider financial markets. The digital dollar-pegged token is designed to keep a constant value, something Tether says that it does by holding...
By Roushni Nair (Reuters) -Australia\'s fourth-biggest bank ANZ Group said on Wednesday it had agreed to sell around 546 million shares, or 16.5% interest, in Malaysian lender AMMB Holdings (AmBank) for about 2.10 billion ringgit ($443.69 million). The sale of shares, made through a block trade, has been upsized to a 16.5% stake from 9%...
AMITYVILLE, N.Y. - NAPCO Security Technologies, Inc. (NASDAQ: NSSC), a company specialized in electronic security devices and school safety solutions, announced the pricing of its secondary public offering of 2 million shares at $40.75 each. The shares are being offered by Richard L. Soloway, the company\'s Chairman and CEO. The transaction also includes an option...
SYDNEY (Reuters) - Australia\'s Qantas Airways has been fined A$250,000 ($162,375) for illegally sacking an employee who told staff not to clean aircraft arriving from China early in the COVID-19 pandemic, adding to the airline\'s reputational challenges. The New South Wales state district court issued the fine on Wednesday after finding the carrier guilty last...
--Apple Inc\'s (NASDAQ:AAPL) recent stock rout presents a buying opportunity, Dan Ives, Managing Director at Wedbush Securities said in an interview with CNBC on Tuesday, citing upside potential from the iPhone maker’s eventual integration of artificial intelligence. Ives said that Apple’s stock weakness came chiefly from concerns over a sales slowdown in China, which he...
By Summer Zhen and Samuel Shen HONG KONG/SHANGHAI (Reuters) - Chinese money is pouring into funds invested in offshore assets at breakneck speed, butting up against outbound investment limits and complicating Beijing\'s efforts to revive domestic markets and stabilise the yuan. The rush to invest offshore reflects low confidence at home and is evident in...
(Reuters) - The Teamsters union said on Tuesday its members approved a five-year agreement with Anheuser-Busch Inbev, ratifying a deal that includes pay hikes and improved healthcare for workers at the brewer\'s U.S. facilities. Anheuser-Busch Inbev and the Teamsters union had reached a tentative agreement last week that averted a strike. Under the agreement, which...
- JD.com Inc Adr (NASDAQ: JD) reported first quarter EPS of ¥4.60, ¥0.09 better than the analyst estimate of ¥4.51. Revenue for the quarter came in at ¥300.2B versus the consensus estimate of ¥299.7B. JD.com Inc Adr\'s stock price closed at ¥21.44. It is down -18.94% in the last 3 months and down -53.96% in...