expansion
By Yantoultra Ngui SINGAPORE (Reuters) – Singapore’s biggest lender DBS Group Holdings Ltd (OTC:) is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian neighbour, including in one of Malaysia’s smallest banks by assets, two sources said. DBS is exploring a purchase of Singapore…
By Aidan Lewis (JO:) and Patrick Werr CAIRO (Reuters) – Egypt’s Suez Canal Economic Zone (SCEZ) has invested $3 billion on infrastructure over the past few years and has plans to invest a similar amount over the next few years as it works to attract investors, its chairman said in…
By Nupur Anand NEW YORK (Reuters) – JPMorgan Chase (NYSE:), the largest U.S. lender, plans to enter Kenya and Ivory Coast this year and grow its footprint in Africa, CEO Jamie Dimon told Reuters. International markets are a growth area for JPMorgan, which has more than $4.2 trillion in assets…
By Angelo Amante, Joanna Plucinska and Ilona Wissenbach ROME/LONDON/FRANKFURT (Reuters) – Lufthansa’s long-promised turnaround of Italy’s ITA Airways, crucial to help revive the German airline’s fortunes, is interlinked with Rome airport Fiumicino’s ability to implement an ambitious expansion plan. Struggling with high costs and prolonged delays in Boeing (NYSE:) plane…
By Daniel Leussink YOKOHAMA, Japan (Reuters) – BYD (SZ:) is rolling out electric-vehicle charging stations and ramping up marketing and customer incentives in Japan, aiming to boost sales in a market that has become a stumbling block in the Chinese automaker’s global expansion. Warren Buffett-backed BYD has become China’s largest…
Shoprite Holdings (JSE: SHP), the South African retail giant, has reported a robust performance in its 2024 earnings call, with CEO Pieter Engelbrecht highlighting significant growth and market share gains. The company’s revenue outpaced market expectations, doubling the market’s performance and marking its fifth consecutive year of outperforming competitors. Shoprite’s…
By Arathy Somasekhar HOUSTON (Reuters) – Pipelines that historically carry Canadian crude to the U.S. are cutting rates and looking to ship different grades of due to rising competition from the newly expanded Trans Mountain pipeline. The moves will temporarily cut the cost of transporting some of Canada’s heavy crude…
Repay Holdings Corporation (NASDAQ:) reported a profitable second quarter in 2024, with a 7% increase in gross profit and a 10% rise in adjusted EBITDA. The company’s free cash flow conversion reached 57%, with expectations of acceleration throughout the year. Strategic initiatives have been centered on go-to-market efficiency, client implementations,…
Phunware, Inc. (NASDAQ: PHUN), a leading mobile applications platform provider, has announced positive financial results for the second quarter of 2024, demonstrating growth and strategic advancements. The company reported a 10% revenue increase from the first quarter of 2024, achieving $1 million in Q2. Notably, Phunware maintained a 100% customer…
By Dawn Chmielewski and Greg Bensinger (Reuters) – When Mike Hopkins was approached about leading Amazon (NASDAQ:) Prime Video, his view of the streaming service matched one held widely in Hollywood — it was nothing more than a perk for subscribers of the online retailer’s two-day delivery service. But Amazon…
