Ford Motor posted a surprising US$3.26 billion first-quarter net profit on Wednesday (Apr 28), but the company said a worsening global computer chip shortage could cut its production in half during the current quarter.
Demand for the iPhone and other Apple products drove profits to more than double in the January-March period as the tech giant continued to capitalise on smartphone addiction.
If two of Indonesia’s most valuable tech companies come together, they can take on bigger rivals. The question is whether this is too late, says David Kuo.
EYES will be on Singapore banks' acquisition plays in the region as the trio release their first-quarter results, with asset quality largely stable following the expiry of debt holidays.
SINGAPORE as a wealth centre is gaining ground at a surer pace, capturing the rise of South-east Asia's new companies and more family offices setting up in the region, said a top executive from UBS on Wednesday.
WHILE the recent implosion of US investment fund Archegos Capital Management continues to dominate headlines, a number of mega banks around the world have nonetheless reported major improvements to their financial performance this earnings season.
DBS, JPMorgan and Temasek will set up an open industry platform to tackle the age-old pains behind facilitating flows for payments, trade and foreign exchange settlement.
The Federal Reserve held interest rates and its monthly bond-buying program steady on Wednesday (Apr 28), nodding to the US economy's growing strength but giving no sign it was ready to reduce its support for the recovery.
