Chinese technology company Lenovo reported a 20% rise in third-quarter revenue on Thursday, as the global personal computer industry showed modest signs of recovery. Lenovo, the world’s largest PC maker, reported revenue of $18.8 billion for the quarter ended December 31. That exceeded analysts’ expectations of $17.82 billion, LSEG data showed. The company’s net profit […]
Thailand’s stock exchange will tighten curbs on short selling and high-frequency trading as it attempts to revive investor confidence in the world’s worst performing equity market. Short selling and high-frequency trading will be limited to stocks in the SET100 Index, Asadej Kongsiri, president of the Stock Exchange of Thailand, told a press briefing Wednesday. The […]
The Minister of State for Works, Bello Goronyo, has said that the over 35,000 kilometres of the federal government’s road network across Nigeria cannot be funded through annual budgets alone, hence the need to source for alternative funding outside the government’s coffers. Goronyo stated this while addressing the management and staff of the Federal Roads […]
U.S. semiconductor stocks edged higher in premarket trading on Tuesday after the Biden administration launched a trade investigation into Chinese-made legacy semiconductors. The investigation, initiated under Section 301 of the Trade Act of 1974, could lead to new tariffs on older chips from China used in everyday products such as cars, washing machines, and telecom […]
Hong Kong’s job market is showing signs of a recovery, with the financial services and technology sectors taking the lead in increasing headcount and salaries. Recruitment consultancy Robert Walters said on Monday that it was cautiously optimistic about hiring prospects this year, with employers intending to increase their permanent and contract workforce. The financial sector […]
Chinese manufacturer Sany Heavy Industry is planning a listing in Hong Kong that could raise up to US$1.5 billion, two people familiar with the matter said on Tuesday. The people could not be named as they were discussing confidential information. Sany did not immediately respond to a request for comment. Sany Heavy Industry has tapped […]
European securities regulators are consulting on proficiency requirements for providing advice on crypto under the region’s new regulatory framework for the crypto sector. The European Securities and Markets Authority (ESMA) issued a paper on Tuesday that seeks feedback on establishing minimum knowledge and competency requirements for the staff of crypto firms when it comes to […]
OpenAI is considering granting special voting rights to its non-profit board to preserve the power of its directors, as the ChatGPT-maker fends off an unsolicited takeover bid from Elon Musk. Chief Executive Officer Sam Altman and board members are evaluating new governance measures as the company transitions to a traditional for-profit structure, the report said, […]
Australian mining giant BHP reported strong demand for its output Tuesday despite global trade and economic uncertainties, citing early signs of a recovery in China. Sales of key commodities iron ore, copper, and steel-making coal all increased by volume year-on-year in the six months to Dec. 31, 2024, the group said. But falling iron ore […]
African billionaire Aliko Dangote is wealthier than ever now that his long-awaited Nigerian oil refinery is up and running. But his mood suggests a man who just built his dream house only for the roof to start leaking. The Dangote Refinery outside Lagos is the biggest single-train oil refinery in the world and one of […]