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SMFG aims to double sales and trading revenue to $5 billion, markets head says
TOKYO, June 4 : Japan’s Sumitomo Mitsui Financial Group is aiming to double revenue in its sales and trading business to 800 billion yen ($5 billion) within the next few years, its head of global markets said, as the bank seeks to catch up with its rivals.Rising interest rates, currency swings and record stoc
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Meta accuses Australia of breaching FTA, invokes US ‘trade action’
SYDNEY, June 4 : Meta accused Australia of violating a free trade agreement with the U.S. by proposing a new tax on certain tech giants which do not strike licensing deals with local media, escalating a dispute which has simmered for half a decade.The $1.6 trillion Facebook and Instagram owner said a proposal
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China’s Michelin-starred Wild Yeast comes to Singapore for for a two-night collaboration with Cassia at Capella
Wild Yeast in Hangzhou, increasingly viewed as one of the restaurants helping to define the future of contemporary Chinese cuisine, will bring its signature brand of Taizhou cuisine into Cassia’s Cantonese kitchen on Jun 5 and Jun 6.
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Senate advances funding bill after Republicans cut $1bn for White House ballroom
The bill to fund immigration agencies has been delayed by opposition to Trump’s ‘anti-weaponisation fund’.
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CrowdStrike is a buy, just not yet. Here’s why
On top of the beat-and-raise, CrowdStrike announced a 4-for-1 stock split. But short-term thinkers sold the stock.
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Germany blames Russia for failed UN Security Council bid
Johann Wadephul said it was “no secret” Russia had stirred up sentiment against Germany over its support for Ukraine.
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Japan may be hiding ‘the best AI value,’ Barclays says
Investors chasing Asia’s AI rally may want to look beyond the region’s top-performing stock markets and consider Japan instead, Barclays said.
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Inside India newsletter: Why Taiwan and South Korea’s stock markets have surged past India within a week
The Indian equity market is losing favour with global investors, as its domestic consumption story weakens and the country lags in AI.
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Japan electronics retailers Yamada, Edion plan merger to create sector giant
June 4 : Japan’s consumer electronics retailers Yamada Holdings and Edion Corp are planning to merge, the companies said on Thursday, in a move to create a giant chain with combined sales of around 2.5 trillion yen ($15.6 billion).Both companies indicated that their boards will meet on Friday to review the pl
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Broadcom’s sales and AI chip forecast comes in below expectations, shares tumble
(Corrects typo in headline)By Anhata Rooprai, Zaheer Kachwala and Stephen NellisJune 3 : Chipmaker Broadcom missed Wall Street expectations for second-quarter revenue on Wednesday and its top executive left a previous 2027 sales forecast unchanged, sending its shares down more than 13 per cent in ext
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