CGS-CIMB on Thursday said it believes the worst is over for Silverlake Axis, and that it expects the fintech firm's earnings to recover in FY21 ending next June, following a weak set of results for its latest quarter.
RAISING the salary threshold for Employment Passes (EPs) amid recessionary pressures can encourage financial institutions to hire locals, but some economists think such a "protectionist response" can crimp Singapore's financial hub aspirations in the long run.
China's ByteDance told engineers of its popular short-video app TikTok this week to make contingencies should it need to shut down its U.S. operations, even as it works toward divesting them, people familiar with the matter said on Thursday.
Dell Technologies Inc posted a smaller-than-expected drop in quarterly revenue on Thursday, as weakness in its data center segment was cushioned by robust demand for its notebooks and software products for remote work and online learning.
Apparel retailer Gap Inc reported a 13per cent rise in quarterly comparable sales on Thursday, with shoppers buying Old Navy, Athleta and Gap clothing online as the company's stores remained shut due to the COVID-19 pandemic.
German drugs company Bayer AG's US$11 billion settlement of thousands of U.S. lawsuits over its Roundup weed killer is less defined than the company disclosed, a judge overseeing the suits said, Bloomberg News reported on Thursday.
Tesla Inc shares continued their meteoric rise on Thursday, scoring yet another record high and further expanding the distance between the Silicon Valley electric carmaker and its traditional auto industry rivals.
A nuclear energy venture founded by Bill Gates said Thursday it hopes to build small advanced nuclear power stations that can store electricity to supplement grids increasingly supplied by intermittent sources like solar and wind power.
United Airlines said on Thursday it will need to cut 2,850 pilot jobs between Oct. 1 and Nov. 30 if the government does not extend an aid package to help airlines cover employee payroll for another six months while they weather the coronavirus pandemic.
