Entrepreneurship
FedEx posts higher quarterly results, raises low end of full-year profit forecast
It lifted its 2026 revenue outlook, calling for 5 to 6 per cent year-over-year growthFEDEX posted higher second-quarter profit and revenue on Thursday and lifted the low end of...
FedEx CEO’s sweeping network overhaul is starting to bear fruit
[NEW YORK] FedEx offered investors a sign that chief executive officer Raj Subramaniam’s turnaround plan may be worth the wait. The shipping heavyweight raised the low end of its...
Oil prices settle slightly higher as market assesses mounting supply risks
[HOUSTON] Oil prices settled marginally higher on Thursday as investors assessed the likelihood of further US sanctions against Russia and the supply risks posed by a blockade of Venezuelan oil tankers.Brent crude closed...
ECB holds rates with growth firmer and inflation near target
Policymakers give no guidance on next steps, saying decisions will be made meeting by meeting on data[FRANKFURT] The European Central Bank (ECB) left interest rates unchanged for a fourth...
China solar industry’s losses narrowing on overcapacity push, association says
[BEIJING] Losses in China’s slumping solar sector narrowed in the third quarter, data presented by an industry group official revealed, as the government’s war on industrial overcapacity targeted manufacturers.The...
BlueSG disposes old EVs ahead of relaunch in 2026
The LTA blocks the transfer of Bluecars to Tribecar due to EV Sharing Scheme restrictions[SINGAPORE] Ahead of its planned relaunch in 2026, car-sharing service BlueSG has disposed of its...
Elliott woos other Toyota Industries investors in buyout fight
[TOKYO] Elliott Investment Management has been approaching asset managers and other institutional investors in Japan to build support for its campaign and push Toyota group to sweeten its 4.7...
Elliott takes over US$1 billion stake in Lululemon: source
[VANCOUVER] Activist investor Elliott Management has amassed a stake of more than US$1 billion in Lululemon Athletica and is lining up a potential CEO candidate as it pushes to...
StanChart, Ant International launch blockchain-based tokenised deposits in SGD, USD
The new solution demonstrates how businesses can use blockchain technology to make transactions faster, more secure, and more efficient[SINGAPORE] Standard Chartered (StanChart) on Thursday (Dec 18) announced the launch...
BP appoints Woodside’s Meg O’Neill as CEO after Auchincloss’ abrupt exit
OIL and gas major BP has appointed Meg O’Neill, the head of Australia’s Woodside Energy, as its next CEO to lead its effort to boost profits and refocus on...
