News

Culture shift needed to curb controlling shareholders’ ‘long shadow’, boost investor confidence
The stewardship of majority owners and vital discipline provided by minority investors must be championed Source link
Meta scraps AI image feature days after launch following privacy backlash
Muse Image faces backlash over privacy concerns and being an automatic opt-in for usersPublished Sat, Jul 11, 2026 · 12:49 PM[MEXICO CITY] Meta said on Friday (Jul 10) it...
Delta signals fare hikes will stay as resilient demand cushions fuel-cost hit
Published Fri, Jul 10, 2026 · 10:20 PM[CHICAGO] Delta Air Lines reaffirmed its full-year profit forecast and provided a stronger-than-expected third-quarter outlook on Friday (Jul 10), signalling confidence that...
US dollar drifts with oil; Gulf tensions, Fed minutes in focus
Published Thu, Jul 9, 2026 · 08:34 PM[LONDON] The US dollar backed off this week’s highs on Thursday (Jul 9) as the United States and Iran carried out renewed...
Sugar market to register small deficit in 2026/27, says broker Czarnikow
Published Wed, Jul 8, 2026 · 10:51 PM[LONDON] The global sugar market will be in a modest deficit of 600,000 metric tons in the 2026/27 season, thanks largely to...
Amazon seeks to raise at least US$25 billion from bond sale
The company is selling the debt in as many as eight tranches, ranging from three to 40 yearsPublished Tue, Jul 7, 2026 · 10:31 PM[NEW YORK] Amazon.com is looking...
Volkswagen CEO faces acid test from unions over swingeing job cut plans
The plans will include significant cost reductions, the four plant closures and roughly 50,000 extra job cuts, sources sayPublished Mon, Jul 6, 2026 · 10:45 PM[LONDON/BERLIN] Volkswagen CEO Oliver...
SK Hynix seeks access to AI investors in US$29 billion Nasdaq listing
THIS week’s US$29 billion US stock-market listing for SK Hynix may be the biggest-ever first-time share sale by a foreign company, but it is not just about raising cash....
Energy-hungry Asia is already drawing lessons from Iran crisis
Policymakers are recalibrating their energy priorities – and nowhere more so than Asia[SINGAPORE] There is still no lasting peace deal in the Persian Gulf, but energy-hungry Asia is already...
HSBC, Standard Chartered weigh significant risk transfers as Asia-linked deals ramp up
Such moves allow banks to manage default risk on loan books, boost solvency ratios, free up regulatory capitalPublished Fri, Jul 3, 2026 · 07:11 PMHSBC is laying the groundwork...
Wall St opens higher after June jobs report eases rate-hike bets
Published Thu, Jul 2, 2026 · 09:42 PM[NEW YORK] Wall Street’s main indexes opened higher on Thursday (Jul 2) after a softer-than-expected employment report for June tempered expectations for...
Meta is building a cloud business to sell excess AI computing power
It will run the data centres and chips that power the models and charge developers to access themPublished Wed, Jul 1, 2026 · 10:58 PMMETA Platforms is developing plans...