News
US Fed’s Williams says monetary policy well positioned amid a favourable outlook
He said that it’s critical for the Fed to get inflation back to its 2 per cent target [NEW YORK] Federal Reserve Bank of New York President John Williams...
Alphabet hits US$4 trillion valuation as AI refocus lifts sentiment
The company is the fourth company to hit the US$4 trillion milestone after Nvidia, Microsoft and Apple[BENGALURU] Alphabet briefly hit US$4 trillion in market valuation on Monday (Jan 12),...
Citi to cut about 1,000 jobs this week
CITIGROUP is set to cut about 1,000 jobs this week as part of chief executive Jane Fraser’s march to keep a lid on costs and improve returns at the...
European shares end choppy session at record high
EUROPEAN shares ended Monday’s session at a record high, although gains were small as the US government’s threat to indict Federal Reserve Chair Jerome Powell renewed investor concerns about...
US stocks: Wall Street indexes finish higher with tech, Walmart
[NEW YORK] The S&P 500 and Dow registered record closing highs on Monday, with shares of technology companies and retailer Walmart gaining and as investors mostly brushed aside concerns...
QXO secures US$1.8 billion financing led by Temasek, Apollo amid building products consolidation
[GREENWICH, Connecticut] Billionaire Brad Jacobs’ QXO said it has secured an additional US$1.8 billion in financing, led by Singapore’s Temasek and Apollo Global Management, as the building products supplier...
Meta hires ex-Trump adviser Dina Powell McCormick as president, vice-chairman
She will guide overall strategy with a particular focus on Meta’s AI infrastructure efforts[SAN FRANCISCO] Meta Platforms has appointed a former top adviser to US President Donald Trump to...
Volkswagen drops to third in China sales as fast-growing Geely Auto pips it
Legacy foreign carmakers such as Volkswagen have ceded share to Chinese rivals due to a slower shift to EVs[BEIJING] Volkswagen was overtaken by Geely Auto in sales in China...
Petronas seeks court clarity on Sarawak operations in gas licensing dispute
Sarawak’s push to control gas sales has raised concerns about potential revenue losses for the national energy firm[KUALA LUMPUR] Malaysia’s state energy company Petroliam Nasional Berhad (Petronas) said on...
British Land CEO Carter set to leave to lead GIC-backed P3 Logistics
[BENGALURU] British Land CEO Simon Carter plans to step down this year to join European logistics developer P3 Logistics Parks, the real estate group said in a statement on...
