Posts with tag: technology
Shares of Jollibee Foods Corp. surged the most in nearly five years on Thursday after the Philippines’ top restaurant operator secured the bourse’s approval to remove a 40% cap on foreign ownership of the company.
Published on: February 13, 2025, 09:01 AM UTC
Apple reportedly plans to launch its new iPhone SE with Alibaba's AI support. Analyst Edison Lee remains cautious, while others see potential in China. Apple Intelligence's success depends on integration, consumer behavior, and execution.
Published on: February 13, 2025, 08:02 AM UTC
The Philippine central bank kept the key interest rate unchanged due to rising global uncertainties, but plans to reduce the reserve requirement ratio for banks by 200 basis points to 5%. Governor Eli Remolona said the timing of this reduction is still being discussed. Despite pausing the easing cycle, the BSP still plans to cut the key rate by 50 basis points this year, with a reduction possible at the April meeting.
Published on: February 13, 2025, 08:00 AM UTC
Siemens reports higher-than-expected profits for the latest quarter, with revenue growth driven by strong demand in the Americas. Despite challenges in factory automation, the company maintains its outlook for full-year sales growth.
Published on: February 13, 2025, 07:06 AM UTC
Commerzbank to cut 3,900 jobs, unveils new financial targets in strategy revamp
Published on: February 13, 2025, 07:05 AM UTC
Key ECB Policymaker: Inflation Remains in Line, Rate Cuts Likely, If Core Inflation Falls
Published on: February 13, 2025, 07:05 AM UTC
Thyssenkrupp raised its outlook for free cash flow after receiving advance payments for a major submarine order from the German military, highlighting the strength of its warship division.
Published on: February 13, 2025, 07:04 AM UTC
US stocks gained on hopes of PPI data later this week, with futures of the Dow Jones, Nasdaq, and S&P 500 closing in the green.
Published on: February 13, 2025, 07:01 AM UTC
Alibaba partners with Apple on AI for iPhones sold in China, confirms chairman Joe Tsai at World Governments Summit in Dubai.
Published on: February 13, 2025, 07:00 AM UTC
Egg prices are at record highs, but grocery stores are absorbing some of the costs to keep shoppers happy. This strategy includes limiting discounts and promotions, offering incentives for loyalty card holders, and curbing stockpiling. Despite these efforts, prices are expected to continue rising due to an ongoing avian flu outbreak that has decimated laying hen flocks.
Published on: February 13, 2025, 06:01 AM UTC