Barclays sets new performance targets as 2024 pretax profit rises..
Barclays raised its 2025 performance targets on Thursday after reporting a better-than-expected 24% rise in annual pretax profit driven by investment banking […]
Trend Micro shares leap 16% on report of takeover battle.
Trend Micro Inc. (4704.T, TMICY) shares jumped the most since November 2023 on reports that several private equity firms are vying to take […]
Hong Kong’s latest bubble tea IPO mints another billionaire.
China’s insatiable appetite for bubble tea has spawned another billionaire. Guming Holdings Ltd.’s $233 million Hong Kong initial public offering bolstered the […]
Commonwealth Bank of Australia CEO sees weak private sector
Commonwealth Bank of Australia’s profit met analyst estimates as strength in its key home lending business offset concern from chief executive officer […]
California’s insurer for people without private coverage needs $1 billion more for LA fires claims.
California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out claims related to […]
Commerzbank plans job cuts, new targets to keep UniCredit away, sources say.
Germany’s Commerzbank is preparing staff cuts and revamped financial targets in its efforts to fend off tie-up advances by Italy’s UniCredit, multiple […]
Thousands of investors in Trump’s memecoin lost $2 billion in just weeks while the family and its partners racked up $100 million in trading fees.
Less than three weeks after its release, President Donald Trump’s memecoin has produced more losers than winners. For every dollar in trading […]
Elon Musk-led group makes US$97.4 billion bid for control of OpenAI.
A consortium led by Elon Musk said on Monday it has offered US$97.4 billion to buy the non-profit that controls OpenAI, another […]
Investors show big interest in using onshore Chinese bonds as repo collateral in Hong Kong.
Global investors showed strong interest in using onshore Chinese bonds as collateral in short-term borrowing agreements in Hong Kong, burnishing the city’s status as an […]
Funding, weak demand hobble global green-hydrogen projects, BMI report says.
High financing costs and low demand from end users are hobbling the growth of green hydrogen production capacity globally, with many projects unable to […]
France unveils 109-billion-euro AI investment as Europe looks to keep up with U.S.
France’s artificial intelligence sector will receive 109 billion euros ($112.6 billion) of private investment in the “coming years,” President Emmanuel Macron announced […]
Deloitte strengthens presence in Saudi Arabia, launches AI services.
Professional services firm Deloitte is scaling up its investment in Saudi Arabia, reinforcing its long-standing national presence with new initiatives. In an […]