HSBC restores quarterly dividend, sets buyback as profit triples
The London-headquartered bank announced the first of a new cycle of buybacks along with the results of up to $2 billion.
We’re in the AOL phase of artificial intelligence, tech CEO says, as industry raves about A.I.
Sachin Dev Duggal, CEO of Builder.ai, said we’ve only just begun to see what’s possible with AI and that the space is in need of a reality check.
Banking in the metaverse? A.I. could be about to change the way you manage your money
Artificial Intelligence will impact all parts of our lives — including money. Here’s what experts think could happen and what you need to know.
Australia unexpectedly hikes rates, hints at more tightening ahead
The Reserve Bank of Australia hiked 25 basis points to 3.85% as economists polled by Reuters expected it to pause for a second consecutive time.
Hollywood writers to strike, triggering TV shutdowns amid streaming disruption
The last WGA strike, in 2007 and 2008, lasted 100 days. The action cost the California economy an estimated $2.1 billion.
IMF raises 2023 economic outlook for Asia, sees China and India making up half of global growth
The International Monetary Fund said Asia-Pacific growth will primarily be driven by China’s recovery and “resilient” growth in India as the rest of the world braces for slowed growth.
The UK and Germany have very different ideas about the future of nuclear energy
Germany has closed the last of its nuclear reactors, ending the country’s use of nuclear energy. Just weeks before the closure, the UK government announced the launch of its Great British Nuclear plan, which aims to increase the share of nuclear energy…
Analyst Mark Mahaney shares his top two tech stock picks, giving one 152% upside
Mark Mahaney of Evercore ISI says his top pick has a “super attractive” valuation.
Qantas names finance chief Vanessa Hudson as next CEO, becoming first woman to lead the airline
Hudson’s appointment makes her one of the few female executives leading an airline, including Virgin Australia CEO Jayne Hrdlicka.
Singapore’s DBS Bank posts record first-quarter profit, beating estimates
Singapore banks have benefited from a strong inflow of deposits amid global uncertainty due to their status as a financial safe haven.
