DBS picks insider Tan Su Shan as first female CEO to succeed Piyush Gupta
DBS Group said on Wednesday that Tan Su Shan, the firm’s head of institutional banking, will succeed Chief Executive Piyush Gupta upon his retirement in March.
Sony rules out renewing offer for Paramount, says it wouldn’t fit strategy
Hiroki Totoki, Sony’s chief financial officer, said the tech giant has no plans to submit a revised offer for Paramount.
CNBC Daily Open: Market correction may not be over yet
Dow snaps three-day losing streak. Super Micro sinks on earnings miss. X sues advertisers.
Glencore decides against coal spinoff after talking to investors
Glencore will not spin off its coal business after securing backing from the majority of its investors.
Novo Nordisk shares dip as Wegovy maker posts earnings miss, cuts operating profit outlook
Novo Nordisk on Wednesday announced its second quarter earnings for 2024.
Beyonce, PlayStation games help Sony post a 10% jump in profits
Sony reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations.
SoftBank swings back to gains at Vision Fund tech arm, announces up to $3.4 billion share buyback
SoftBank announced it would buy back up to 6.8% of shares available amounting to up to 500 billion yen ($3.4 billion).
Sahm Rule creator doesn’t think that the Fed needs an emergency rate cut
She said, however, there is a good case for a 50 basis point cut, adding that the Fed needs to “back off” its restrictive monetary policy.
An airline now allows women to avoid sitting next to men. Here’s how travelers are reacting
Indian airline IndiGo is trialing a booking feature that allows women to see the genders of passengers when they book their seats, the company said.
India central bank asks top lenders to refrain from large trading bets against rupee, Reuters reports
The Reserve Bank of India has asked some large banks to not add to their existing positions against the rupee, four bankers told Reuters.
