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Sony Q1 operating profit falls just 1.1% beating analyst estimates
TOKYO: Japan’s Sony Corp reported a 1.1% decline in first-quarter operating profit, much milder than market estimates as its gaming business thrived while consumers locked down at home looked for entertainment and downloaded more games.
Goldman, Bank of America left off Ant IPO
NEW YORK: Goldman Sachs Group Inc and Bank of America Corp were left off Ant Group’s upcoming stock sale in Hong Kong because of their past work with rivals of its affiliate Alibaba, according to people familiar with the matter.
Microsoft weighs TikTok purchase as ad business flattens out
OAKLAND, Calif. : Microsoft Corp could re-energize its advertising business with a huge supply of video if it follows through on acquiring TikTok's U.S. operations from ByteDance.
Khairul Anwar is new CEO of Media Prima Television Networks
KUALA LUMPUR: Media Prima Bhd today announced the appointment of Datuk Khairul Anwar Salleh as chief executive officer of Media Prima Television Networks effective Aug 1, 2020.
Weaker dollar in the offing
THE fortunes of the US dollar have changed. Only four months ago, it was a much-sought after currency due to the Coronavirus pandemic.
Australia shares rise on stimulus, vaccine hopes
AUSTRALIAN shares closed higher on Tuesday, marking their best session since June 16, after the country's central bank advocated for further fiscal stimulus, boosting demand for riskier assets.
Insight - Battling Wirecard’s short sellers – Germany’s move
FRANKFURT: German authorities pressed on for four years investigating investors who bet against Wirecard AG’s shares, even after a UK regulator concluded that their evidence against the short sellers was “not sufficient”, according to documents and people familiar with the matter.
May unemployment rose 5.3% to 826,100 persons
KUALA LUMPUR: Malaysia’s unemployment rate increased further to 5.3% in May to record 826,1000 unemployed persons, the Department of Statistics Malaysia (DOSM) reported on Tuesday.
