Microsoft tells employees it will hand out one-time cash awards of up to 25% of annual bonus
Microsoft on Tuesday said it will pay a one-time performance-based cash award of up to 25% of annual bonus to rank-and-file employees.
Trade asian news
China securities regulator promotes law enforcement chief to vice chair
China's securities regulator on Tuesday promoted its head of law enforcement to the role of vice chairman, underscoring Beijing's determination to tighten oversight of its $5.1 trillion stock market.
Potential Harris running mate Josh Shapiro opposes Nippon-US Steel merger
Pennsylvania Governor Josh Shapiro said on Tuesday that he cannot support Japanese firm Nippon Steel’s bid to buy US Steel in its current form because the United Steelworkers union is unhappy with the merger.
CrowdStrike shares plunge 11% to lowest level of the year on report that Delta may seek damages
CrowdStrike shares fell tumbled 11% on Tuesday to their lowest level of the year following a report that Delta Air Lines hired prominent attorney David Boies to seek damages from the security software vendor.
Harley-Davidson Japan faces probe over excessive sales quotas
TOKYO -- Japan's Fair Trade Commission on Tuesday inspected a Harley-Davidson Japan office in Tokyo, amid alleged suspicions that it imposed excessive sales quotas on its authorized dealers and forced them to buy unsold inventory, sources told Nikkei.
Hong Kong developer Hang Lung's shares sink 15% after profit cut
HONG KONG -- Hang Lung Properties, one of the largest real estate developers in Hong Kong, saw its stock price plunge by double-digits on Tuesday after it reported disappointing earnings.
Russia will launch cross-border crypto payments before end-2024
MOSCOW: Russia will carry out its first international payments in cryptocurrencies before the end of this year in order to overcome difficulties created by Western sanctions, the central bank's governor, Elvira Nabiullina, said on Tuesday (Jul 30).
StanChart unveils $1.5 billion share buyback, boosts income guidance
Standard Chartered (StanChart) on Tuesday announced its largest-ever share buyback worth $1.5 billion and lifted its earnings outlook for this year, betting on strong economic growth in its core Asian markets and plans to rein in costs.