By Jihoon Lee and Joyce Lee SEOUL (Reuters) – South Korea will provide $400 million in financial support to small businesses hit by payment delays on two Qoo10 e-commerce platforms and the Singa[...]
Read moreAugust 1, 2024
Billionaire Ackman pulls IPO of Pershing Square USA days before debut
By Svea Herbst-Bayliss (Reuters) -Billionaire investor Bill Ackman scrapped the launch of Pershing Square USA on Wednesday, days before the fund was slated to begin trading on the New York Stock Excha[...]
Read moreKeppel profit inches higher, with transformation into global manager ‘bearing fruit’
(Reuters) -Singapore’s Keppel on Thursday posted a rise in first-half underlying profit on upbeat performances at its infrastructure and connectivity segments, with the company moving ahead in i[...]
Read moreMystery bidder for Paramount Global raises questions
By Dawn Chmielewski (Reuters) – Parties involved in evaluating offers for Paramount Global have raised questions about the legitimacy of Apex Capital Trust’s bid for the company, one sourc[...]
Read moreBoeing 737 MAX crash families say planemaker should face much higher fine
By David Shepardson WASHINGTON (Reuters) -Families for some of the 346 people killed in two fatal Boeing 737 MAX crashes said on Wednesday a U.S. judge should reject the planemaker’s proposed pl[...]
Read moreMusk denies report xAI is considering acquiring Character.AI
(Reuters) -U.S. businessman Elon Musk on Wednesday said his artificial intelligence startup xAI is not considering an acquisition of chatbot startup Character.AI, according to a statement on social me[...]
Read moreSouth Korea July export growth fastest in 6 months on solid chip demand
By Jihoon Lee SEOUL (Reuters) -South Korea’s exports rose at the fastest pace in six months in July on strong chip sales but missed market expectations, trade data showed on Thursday, amid worri[...]
Read moreEBay beats quarterly results estimates on steady demand for refurbished goods
(Reuters) -EBay exceeded Wall Street expectations for second-quarter revenue and profit, buoyed by robust demand for pre-owned goods, cost-effective automotive parts and accessories. The e-commerce gi[...]
Read moreChipmaker Qualcomm forecasts upbeat revenue, warns of trade-curb impact
By Arsheeya Bajwa (Reuters) -Chipmaker Qualcomm forecast fourth-quarter revenue above Wall Street estimates on Wednesday, betting on strong demand for high-end Android devices and the need for more ch[...]
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