StanChart lowers income target as China weighs, launches $1 billion buyback
Standard Chartered rewarded shareholders with dividends and a fresh $1 billion buyback, but set out modest growth forecasts that will concern investors.
CNBC Daily Open: The U.S. economy seems to be holding up
A key gauge showed cost pressures for manufacturers and service businesses eased again February.
Germany’s housebuilding sector is in a ‘confidence crisis’ as the economy struggles
Germany’s housebuilding sector has gone from bad to worse in recent months as it is in a “confidence crisis,” one CEO says.
Fate of U.S. aid to Ukraine package discussed on Taiwan trip, lawmakers say
U.S. lawmakers discussed stalled military aid to Ukraine and Taiwan during their visit to Taipei this week, two participants revealed Friday.
AI can ‘disproportionately’ help defend against cybersecurity threats, Google CEO Sundar Pichai says
Rapid developments in artificial intelligence could help strengthen defenses against security threats in cyberspace, according to Google CEO Sundar Pichai.
Russia was ridiculed at the start of the war. Two years on, it has reasons to be confident
Hopes of Ukrainian victory look diminished and increasingly hollow, as do Western pledges to support Ukraine “for as long as it takes.”
A ‘family vacation’ for two: Why more parents are taking trips with one child at a time
A trip for two grants uninterrupted time and special memories for parents and children — for those who are bold enough to try it.
StanChart announces $1 billion share buyback, dividend hike as 2023 profit rises 18%
Standard Chartered on Friday reported 2023 pre-tax profit rose 18%, in line with forecasts, and rewarded shareholders with a $1 billion share buyback.
Ride-hailing giant Grab posts first profitable quarter, announces $500 million share buyback
On Thursday, Grab posted its first-ever profitable quarter, raking in $11 million in profit.
Indonesia’s next president Prabowo made big promises on the campaign trail. Can he deliver?
Defense Minister Prabowo Subianto is poised to become Indonesia’s next president, pledging policy continuity, but questions remain about his agenda.
