Business

Under Armour Deepens Annual Sales Forecast Cut on Weak North America Demand

Under Armour lowered its full-year revenue forecast after first-quarter sales fell, citing weak North America demand and tariff pressures.

Berkshire Hathaway Profit Doubles as New CEO Abel Begins Deploying Cash Hoard

Berkshire Hathaway's quarterly profit doubled as new CEO Greg Abel accelerated share buybacks and began drawing down the conglomerate's massive cash pile.

Datadog Stock Falls 14% Despite 36% Revenue Growth as Investors Set a Higher Bar

Datadog shares fell about 14% after earnings despite 36% revenue growth, as investors set a high bar and the stock still trades above fair value.

UAE Says Iranian Missile Struck ADNOC Vessel in Strait of Hormuz

The UAE has accused Iran of striking an ADNOC vessel with a missile in the Strait of Hormuz as US-Iran tensions over the vital waterway remain high.

Senate Approves Stopgap Funding Bill to Avert Shutdown Ahead of Election

The U.S. Senate approved a short-term funding bill in a 90-6 vote, extending federal spending into December and averting a shutdown before the election.

Boeing Stabilizes Under CEO Kelly Ortberg Amid Recovery Efforts

After nearly seven years of turbulence, Boeing is showing signs of recovery under CEO Kelly Ortberg, a seasoned aerospace engineer brought out of retirement...

Apple, Huawei, Xiaomi Lead China’s Top Online Consumer Brands

Apple, Huawei Technologies, and Xiaomi have emerged as the top three brands favored by mainland Chinese consumers based on online purchasing behavior, according to...

Stablecoins Gain Traction as Hong Kong and US Move Toward Regulation

The rise of stablecoins continues to shape the cryptocurrency landscape, with renewed regulatory focus from authorities in Hong Kong and the United States. As...

Xiaomi Launches YU7 SUV to Challenge Tesla Model Y in China’s EV Market

Tesla’s dominance in China’s premium electric vehicle market faces a new test with the launch of Xiaomi’s YU7 SUV. Introduced with great anticipation, the...

Hengrui Pharma Soars on Hong Kong Debut Amid Biotech Market Revival

Jiangsu Hengrui Pharmaceuticals made a strong debut on the Hong Kong stock exchange, marking a major milestone in its global expansion. Trading under the...

UBS Asian Investment Conference to Tackle Global Uncertainty with Diverse Line-Up

Maria Konnikova, a psychologist, bestselling author, and professional poker player, is set to explore the concept of uncertainty at the upcoming Asian Investment Conference...

Hong Kong Moves Closer to Private Equity Fund Listings with MPF Inclusion

Private equity funds may soon be listed on the Hong Kong stock exchange, following a recent decision by the city’s pension regulator to allow...

AXA to Redomicile to Hong Kong as New Law Simplifies Process for Insurers

AXA, one of Hong Kong’s largest insurers, has announced plans to shift the legal domicile of its Hong Kong-serving entity from Bermuda to Hong...

BYD Overtakes Tesla in European EV Sales Amid Rising Demand and Tariff Pressures

Chinese carmaker BYD surpassed Tesla in battery electric vehicle (BEV) sales in Europe for the first time in April, signaling a major shift in...

Hong Kong Strengthens Role as Offshore Yuan Hub Amid Growing De-dollarisation

International businesses are increasingly seeking to diversify away from the US dollar, with Qatar emerging as a notable example of this trend, according to...

Hong Kong Millennials Embrace AI in Wealth Management, Study Shows

Nearly three-quarters of Hong Kong millennials expect their wealth managers to use artificial intelligence (AI) tools to build and adjust investment portfolios, according to...

Hong Kong Homebuyers Snap Up All Units at Sierra Sea Amid Lower Mortgage Rates

Emboldened by a drop in mortgage rates, Hong Kong homebuyers purchased all 216 new units offered at Sun Hung Kai Properties’ Sierra Sea development...

Chinese Robot Firms Showcase Innovations Amid Growing Industry Challenges

Chinese robotics firms, including notable names like Unitree Robotics and Engine AI, drew attention at a technology conference in Macau as enthusiasm for the...

Amap Launches Ride-Hailing Service on English App for Foreign Visitors in China

Amap, the mapping and local services platform under Alibaba Group Holding, has launched a ride-hailing feature on its English version, enabling foreign visitors in...

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