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Once-hot electric vehicle startups — years ago fueled by low interest rates, free cash and Wall Street bullishness — are now scrambling to prove they can survive in tougher market conditions. That is if they haven't gone bankrupt already.
UniCredit raised its investor reward guidance for the year after posting much higher than expected quarterly net income on Tuesday and further boosting capital levels.
Euro zone business activity expanded at its fastest pace in almost a year last month as a resurgence in the bloc's dominant services industry more than offset a deeper downturn in manufacturing, a survey showed on Monday.
Credit Agricole, France's second-biggest listed bank, posted a forecast-beating 55% jump in first-quarter net profit on Friday, helped by corporate and investment banking sales that outperformed rivals.
SINGAPORE -- Southeast Asian startup fundraising dropped to its lowest level in more than five years in January to March, according to a recent industry report, reflecting the prolonged funding slowdown in the region since the end of the COVID-19 pandemic, with little sign of recovery.
Since Lee entered office in 2004, the Singapore dollar has risen about 40 per cent against the currencies of the city state’s major trading partners, more than twice the gain for the US dollar in the same context, data compiled by Bloomberg shows.
The deal involved the purchase of Far East Shopping Centre in Singapore’s Orchard Road shopping belt by a firm connected to Chinese tycoon Du Shuanghua, the people said, asking not to be identified because the matter is private. It collapsed after the parties failed to get approval from the Urban Redevelopment Authority, the people added.