Alibaba shares surge 11% in Hong Kong as strong earnings fuel China’s e-commerce rebound
Alibaba shares soared in Hong Kong on Friday, climbing as much as 11% after the Chinese tech giant reported robust quarterly earnings. The strong performance was driven by growth in its cloud intelligence and e-commerce segments, signaling a broader recovery
Standard Chartered to repurchase $1.5B in shares after reporting 18% profit surge
Standard Chartered announced a $1.5 billion share buyback on Friday alongside an upgraded earnings target, following an 18% surge in annual profit, Reuters reported. The bank attributed the strong performance to record growth in its wealth management division and robust market
Bitcoin surges to $98,000, Solana and Ethereum rise while XRP slides
The cryptocurrency market saw mixed movements on February 21, with Bitcoin (BTC) crossing the $98,000 mark, while Ethereum (ETH) and Solana (SOL) posted modest gains. The total global crypto market capitalization stood at $3.23 trillion, rising nearly 1% from the
Record-high gold prices keep Indian investors hooked—what’s next?
India’s retail demand for gold jewelry has been significantly impacted by the surge in gold prices to new all-time highs since the beginning of the year, the World Gold Council said. Despite record-high prices putting pressure on jewelry demand, interest in
Government’s January surplus disappoints at £15.4bn, piling pressure on Chancellor
The government posted a smaller-than-expected surplus of £15.4 billion in January, short of economists’ forecasts of £21 billion and the £19 billion projected by the Office for Budget Responsibility (OBR).January’s data is traditionally buoyed by self-assessment tax payments; however, the
Bridging financial gaps: Global Dominion’s support for women entrepreneurs
Women entrepreneurs fuel innovation, create jobs, and drive economic growth. At Global Dominion, we empower women-led SMEs and MSMEs by providing accessible financing solutions to help them expand, invest, and sustain their businesses. In the Philippines, women-led businesses continue to rise,
Not all crises are tragedies
Not all crises are tragedies - BusinessWorld Online Unlike other businesses, Kamuning Bakery Café thrived during the pandemic, according to its owner Wilson Lee
Renewed optimism, business reinvention in 2025
rawpixel.com | FreepikBy Mhicole A. Moral, Special Features and Content Writer Business leaders around the world are heading into 2025 with confidence about economic growth but face mounting pressure to reinvent their companies for long-term survival. According to PwC’s 28th Annual Global
January BoP gap widest in 11 years
Woman holds US dollar banknotes in this illustration taken on May 30, 2022. — REUTERS/DADO RUVIC/ILLUSTRATIONBy Luisa Maria Jacinta C. Jocson, Reporter THE PHILIPPINES in January posted its biggest balance of payments (BoP) deficit in over a decade, preliminary data from
Saudi’s Aramco returns to PHL market via 25% stake in Unioil
The logo of Saudi Aramco is pictured outside Khurais, Saudi Arabia, Oct. 12, 2019. — REUTERSBy Sheldeen Joy Talavera, Reporter SAUDI ARABIA’S Aramco is returning to the Philippine market as it is set to acquire a 25% equity stake in Unioil