Showing 1 - 10 of 33
US averts first-ever default with 11th-hour debt deal
AFP, Published on 02/06/2023
» WASHINGTON: United States senators voted to suspend the federal debt limit Thursday, capping weeks of fraught negotiations to eliminate the threat of a disastrous credit default just four days ahead of the deadline set by the Treasury.
US warned debt standoff could hit credit rating
AFP, Published on 25/05/2023
» WASHINGTON: Ratings agency Fitch put the United States on notice Wednesday that its perfect credit rating could be jeopardised if the White House and Republican opposition fail to overcome their impasse on raising the nation's borrowing limit, a week before a key deadline.
Crunch weekend for crisis-hit Credit Suisse
AFP, Published on 18/03/2023
» ZURICH: Troubled Credit Suisse has two days to reassure investors before the markets open on Monday with the spectre of another turbulent week in global finance looming.
Disney boots CEO, brings back Bob Iger to lead company
AFP, Published on 21/11/2022
» NEW YORK: Disney ousted chief executive Bob Chapek on Sunday and announced that it had brought back former CEO Bob Iger to once again take the reins.
Snap to slow hiring after dismal earnings pummel stock price
AFP, Published on 22/07/2022
» SAN FRANCISCO: Snapchat's owner plans to "substantially" slow recruitment after bleak results Thursday wiped 25% off the stock price of the tech firm, which is facing difficulties on several fronts.
Elon Musk's move to buy Twitter faces roadblocks
AFP, Published on 16/04/2022
» WASHINGTON: Even for the richest person on the planet, buying Twitter was always going to be a challenge –- a highly complex financial transaction now made even trickier by a defensive "poison pill" move from the platform's board.
TikTok videos get longer in challenge to YouTube
AFP, Published on 01/03/2022
» SAN FRANCISCO: TikTok on Monday began letting users upload videos as long as 10 minutes, ramping up the young platform's challenge to veteran titan YouTube.
Microsoft sees strong earnings on cloud computing
AFP, Published on 26/01/2022
» SAN FRANCISCO: Microsoft beat market expectations Tuesday with strong quarterly performance in cloud computing and software, still benefitting from the pandemic's online shifting of work, play, shopping and learning.
Heavy load: supply chain woes strain US trucking
AFP, Published on 22/12/2021
» SUMMERVILLE, United States: It had been a challenging day on the road and Desi Wade was ready for dinner. But as he pulled into a truck stop, Wade encountered a familiar frustration in the overstressed industry.
US senators vote to avert calamitous debt default
AFP, Published on 15/12/2021
» WASHINGTON: The US Senate voted Tuesday to raise the federal debt limit, moving the country a step closer to eliminating the threat of a calamitous credit default -- just one day ahead of the deadline set by the Treasury.