US sues to block Coach and Michael Kors merger
The US Federal Trade Commission (FTC) on Monday sued to block Coach parent Tapestry’s US$8.5bil deal to buy Michael Kors…
JPMorgan’s Kolanovic says ‘correction’ in stocks isn’t over
The slide in US equities over the past three weeks was the start of a sell-off that is likely to…
Milei trumpets quarterly budget surplus on Argentine TV
President Javier Milei has announced Argentina’s first quarterly financial surplus since 2008 during a televised speech, promising his commitment to…
PMIs improve even as weak yen intensifies price pressures
Key gauges of Japan’s manufacturing and service activity improved in April to their highest levels in nearly a year even…
UnitedHealth says hackers possibly stole large amount of data
UnitedHealth Group says that hackers stole health and personal data of potentially a “substantial proportion” of Americans from its systems…
Breadmaker Bimbo hit by profit slump, cuts earnings outlook
Mexican breadmaker Bimbo’s first quarter net profit fell by about 42% from a year earlier, the company says, citing foreign…
Vietnam apparel companies raise concerns over 2H production
Domestic textile and garment companies will face mounting pressure in production and business in the second half of 2024 due…
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KUALA LUMPUR: Here is a recap of the news headlines from Corporate Malaysia.
Wall St closes higher as investors digest earnings
US stocks closed higher on Tuesday following positive earnings from top-tier companies and as investors were focused on quarterly results from…