HPE forecasts weak quarterly revenue
Dec 4 : Hewlett Packard Enterprise forecast first-quarter revenue below Wall Street estimates on Thursday, due to cautious enterprise spending amid economic uncertainty.Shares of the company fell over 3.5 per cent in extended trading.Enterprise customer spending has remained weak due to cost-optimiz ...
Global shares and dollar higher as markets eye Fed rate cuts
NEW YORK/LONDON, Dec 4 : Global shares and the dollar on Thursday were mostly higher as traders await a Fed interest rate cut, although Wall Street stocks were mostly flat after a batch of economic data.U.S. stocks were lower after two consecutive sessions of gains, with the benchmark S&P 500 fa ...
The changing face of directorship
The culture of the boardroom can make or break a director’s ability to fulfil their duties
Microsoft to lift productivity suite prices for businesses, governments
Dec 4 : Microsoft will increase prices for its Microsoft 365 productivity suites globally starting July 2026 for commercial and government clients, the company said on Thursday.The move comes as Microsoft's suite, which includes Word, Excel and PowerPoint, faces growing competition from Google& ...
Google executive sees AI search as expansion for web
Dec 4 : A Google search executive on Thursday pushed back against fears that its AI-powered search will harm web publishers and its advertising business, calling the technology an “expansionary moment” for the internet.Speaking at the Reuters NEXT conference in New York, Robby Stein, vice presid ...
CNBC signs deal with Kalshi to add prediction data from next year
Dec 4 : CNBC has signed a multi-year deal with prediction-market operator Kalshi, bringing real-time probability data into the network's TV broadcasts and digital platforms starting next year, the companies said on Thursday.Founded in 2018, Kalshi is a prediction market exchange where users tra ...
Bank of America expands crypto access for wealth management clients
Dec 4 : Bank of America will begin allowing its wealth advisers to recommend allocations to crypto in client portfolios from next month, the U.S. lending giant said on Thursday, in a landmark moment for the digital assets sector.Starting January 5, advisors at Bank of America Private Bank, Merrill, ...
A throat bone settles it - Nanotyrannus was not a juvenile T. rex
WASHINGTON, Dec 4 : Paleontologists for decades debated whether meat-eating dinosaur Nanotyrannus was actually just a juvenile Tyrannosaurus. But within a span of five weeks, the matter seems to have been definitively resolved by two new studies showing that Nanotyrannus was clearly distinct from T. ...
Glenfarne finalizes 20-year LNG supply deal with South Korea's POSCO
Dec 4 : Glenfarne's Alaska LNG unit said on Thursday it finalized an agreement to supply 1 million tonnes per annum of liquefied natural gas to South Korean trading firm POSCO International for 20 years from its planned export project.This follows a preliminary agreement signed in September.Glo ...
Italy launches 'in-depth' review of cryptocurrency risks
MILAN, Dec 4 : Italy's Economy Ministry has ordered an in-depth review of existing safeguards against cryptocurrency risks, which are seen potentially rising, the Bank of Italy and other financial regulators said on Thursday."An in-depth review has been launched to assess the adequacy of e ...
FCC approves AT&T $1 billion purchase of spectrum from UScellular
WASHINGTON, Dec 4 : The Federal Communications Commission said on Thursday it has approved AT&T's deal to buy some wireless spectrum licenses from UScellular in a $1.02 billion deal after the Texas-based carrier committed to end DEI programs.The FCC has been requiring telecom carriers to en ...
FCC approves AT&T $1 billion purchase of spectrum from US Cellular
WASHINGTON, Dec 4 : The Federal Communications Commission said Thursday it has approved AT&T's deal to buy some wireless spectrum licenses from U.S. Cellular in a $1.02 billion deal after the Texas-based carrier committed to end DEI programs.The FCC has been requiring telecom carriers to en ...
Mercuria’s copper grab from LME Asia intensifies supply angst
LONDON, Dec 4 : Commodity trader Mercuria has given notice of its plans to take significant amounts of copper from London Metal Exchange warehouses in Asia, four sources familiar with the matter said, as prices rise on expectations of short supplies.Anticipated shortages next year partly due to mine ...
Spot crypto products to begin trading on CFTC-registered exchanges
Dec 4 : The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday that spot crypto asset contracts will begin trading for the first time on futures exchanges registered with the agency. The move, first hinted at in August is another effort by the Trump administration to weave digital ass ...
Russia blocks Snapchat, RIA reports
MOSCOW, Dec 4 : Russia has blocked access to Snapchat, state-run news agency RIA reported on Thursday, citing the country's communications regulator, Roskomnadzor.Authorities said one reason for the ban was that Snapchat had allegedly been used "to organise and carry out terrorist acts wit ...
Wall Street opens higher as investors mull Fed rate cuts
[NEW YORK] Wall Street’s main indexes opened slightly higher on Thursday (Dec 4) as investors parsed a fresh batch of labour market...
Meta’s Zuckerberg plans 30% budget cut to metaverse unit, potentially triggering January layoffs: sources
The proposed metaverse cuts are part of the company’s annual budget planning for 2026
Exclusive-Kazakhstan's oil output declines as exports curbed by damaged terminal, source says
MOSCOW, Dec 4 : Kazakhstan's oil and gas condensate production declined by 6 per cent in the first two days of December, an industry source said on Thursday, following a Ukrainian drone attack on the Caspian Pipeline Consortium's (CPC) Black Sea loading facility.The CPC pipeline, which car ...
BYD accelerates South Africa expansion with more dealerships planned in 2026
MULDERSDRIFT, South Africa, Dec 4 : Chinese automaker BYD will hit its initial target of having about 35 dealerships in South Africa by the first quarter of 2026 and aims to expand that network to 60 to 70 by the end of next year along with growing demand for its electric vehicles.South Africa' ...
Review platform Trustpilot's shares slump after Grizzly Research shorts stock
Dec 4 : Trustpilot's shares plunged more than 30 per cent on Thursday after Grizzly Research disclosed a short position and accused the global review platform of creating fake profiles that gave negative reviews and then pressuring companies to pay for subscriptions.The short seller accused the ...
Meta CEO Zuckerberg plans deep cuts for Metaverse efforts, Bloomberg News reports
Dec 4 : Meta is expected to make up to 30 per cent budget cuts for its Metaverse initiative, Bloomberg News reported on Thursday, citing people familiar with the discussion.The Facebook-parent, whose shares rose more than 6 per cent in premarket trading, did not immediately respond to a Reuters requ ...
Meta to cut up to 30% of metaverse budget, Bloomberg News reports
Dec 4 : Meta is expected to make up to 30 per cent budget cuts for its metaverse initiative, Bloomberg News reported on Thursday, citing people familiar with the discussion.The Facebook parent's shares rose nearly 4 per cent in morning trading.CEO Mark Zuckerberg has heavily bet on the augmente ...
Leasehold land: valuations are transparent
Goola Warden - When investors buy into S-REITs, they might do well to take a second look at the property portfolio they are investing in, just as they would with any physical property they purchase. S-REITs are structured to resemble physical properties. They are effectively rental income minus expenses, including ...
Sunpower Group to buy stakes in two China thermal energy projects
Elysia Tan - It will take 15% equity interest in Xinneng Thermal Power, and the remaining interest in Changshu Thermal Power that it does not...
Sunpower Group subsidiaries to acquire stakes in two China thermal energy projects
Elysia Tan - It will take 15% equity interest in Xinneng Thermal Power, and the remaining interest in Changshu Thermal Power that it does not...
Freehold versus leasehold
Goola Warden - The way to overcome the freehold-versus-leasehold conundrum is probably through asset size and quality. All the issues with S-REITs, whether it’s internally versus externally managed, issues with leases, forex and freehold versus leasehold, are to have an S-REIT that is large enough with a mix of ...
CLAR: Property proxy to the digital megatrend
Goola Warden - CapitaLand Ascendas REIT (CLAR) is one of the 10 REITs trading above net asset value and has outperformed industrial REITs over the past five years (see chart). As of Sept 30, it owns 231 properties across business space, life sciences, logistics and industrial, and data centres, valued at $17.7 bil ...
Snowflake tumbles on slower quarterly product revenue growth forecast
Dec 4 : Snowflake shares slumped 11 per cent on Thursday after the cloud data analytics company forecast slower product revenue growth for the fourth quarter, partly hit by discounts offered on the large, long-term deals.If losses hold, around $10 billion of the company's market value could be ...
Snowflake shares fall on slower product revenue growth forecast for fourth quarter
Dec 4 : Snowflake shares slumped 8 per cent in premarket trading on Thursday after the cloud data analytics company forecast slower product revenue growth for the fourth quarter, partly hit by discounts offered on the large, long-term deals.Chief Executive Officer Sridhar Ramaswamy said on Wednesday ...
Stocks higher, dollar to extend losing streak, as markets weigh rate cuts
NEW YORK/LONDON, Dec 4 : Global shares edged up on Thursday, powered by expectations that a U.S. rate cut will support the world's largest economy after data showed employment is slowing, while the dollar was lower and poised for its 10th straight day of losses against a basket of major currenc ...
Stocks rise, dollar set for 10-day losing streak, as investors count on Fed rate cuts
LONDON, Dec 4 : Global shares edged up on Thursday, powered by expectations that a U.S. rate cut next week will support the world's largest economy after a raft of data showed employment is slowing, while the dollar fell for a tenth straight day against a basket of currencies, set for its longe ...
Former Signature Bank executives launch blockchain-based bank
Dec 4 : Former Signature Bank executives are launching a new blockchain-based bank focused on facilitating instant, around-the-clock U.S. dollar payments, nearly three years after the collapse of the New York-based bank known for serving cryptocurrency clients.The bank, called N3XT, was founded by S ...
MVNOs face consolidation threat in 2026, say analysts
Young Zhan Heng - With the Simba-M1 merger, mobile virtual network operators could lose bargaining power and thus may have to tie up or exit
Mobile virtual network operators face consolidation threat in 2026: analysts
Young Zhan Heng - With the Simba-M1 merger, MVNOs could lose bargaining power and thus may have to tie up or exit
