• Images

    Morgan Stanley loses $911m in Archegos fiasco

    AFP | Updated at 10:34pm on April 17, 2021

    Morgan Stanley took a $911 million loss in the meltdown of Archegos Capital Management, the investment bank’s chief executive James Gorman said on Friday. That...

  • Images

    Philips selling home appliance arm to Asian investment firm

    AFP | Updated at 11:40pm on March 25, 2021

    Dutch firm Philips announced on Thursday the sale of its home appliances business to Asian investment firm Hillhouse Capital for 3.7 billion euros ($4.4 billion),...

  • Images

    UK unemployment dips to 5pc

    AFP | Updated at 10:48pm on March 23, 2021

    Britain’s unemployment rate dipped to 5 per cent in the three months to the end of January, remaining close to five-year highs on the fallout...

  • Images

    BA mulls HQ sale amid telecommuting boom

    AFP | Updated at 11:27pm on March 20, 2021

    British Airways is mulling the sale of its headquarters near Heathrow Airport to raise funds, as many employees embrace telecommuting during the coronavirus pandemic. ‘The...

  • Images

    BoE keeps interest rate at record-low 0.1pc

    AFP | Updated at 11:33pm on March 18, 2021

    The Bank of England on Thursday kept its key interest rate at a record low, as the economic outlook is boosted by lockdown-easing plans and...

  • Images

    Amazon to expand health care service across US

    AFP | Updated at 10:57pm on March 17, 2021

    Amazon announced plans Wednesday to launch a health care service to employers across the United States that would include quick access to telemedicine and home...

  • Images

    BMW expects ‘significant’ rise in 2021 earnings

    AFP | Updated at 10:56pm on March 17, 2021

    German luxury automaker BMW said Wednesday it expected a ‘significant increase’ in profit before tax this year and would speed up its transition to electric...

  • Images

    Warren Buffett net worth surpasses $100b: Forbes

    AFP | Updated at 11:08pm on March 11, 2021

    US businessman Warren Buffett on Wednesday joined the small circle of executives worth more than $100 billion, which also includes Jeff Bezos, Elon Musk, Bernard...

  • Images

    Boeing orders top cancelations for first month since 2019

    AFP | Updated at 11:24pm on March 10, 2021

    Boosted by new contracts for the 737 MAX, Boeing reported on Tuesday that new commercial plane orders last month exceeded cancelations for the first time...

  • Images

    Honda launches advanced self-driving cars in Japan

    AFP | Updated at 11:05pm on March 05, 2021

    Honda launched the world’s most advanced self-driving car licensed for the road on Friday, releasing an initial batch of 100 models in Japan. The Legend...