Singapore’s Oversea-Chinese Banking Corp (OCBC) has recently reported a 5% increase in first-quarter profit, exceeding market expectations. In a bold move, the bank has also made a S$1.4 billion ($1.04 billion) offer to acquire its insurer arm Great Eastern, showcasing its commitment to strategic investments and portfolio enhancement. The offer, which includes a 37% premium
Achievement
Meta Platforms, the parent company of Facebook, experienced a significant drop of over 14% following the release of lighter-than-expected second-quarter revenue guidance. While first-quarter earnings and revenue exceeded analysts’ estimates, the disappointing second-quarter guidance caused a steep decline in the company’s stock value. This indicates that investors are particularly focused on future performance and growth
Despite the lack of wide releases on a global scale in recent months, Warner Bros/Legendary Entertainment’s Godzilla x Kong: The New Empire has maintained its position as the top studio movie for the fourth consecutive weekend. With a strong showing in international markets, the film has grossed $485.2M globally, with $313.6M coming from overseas. This
India has kickstarted the world’s largest election process as Prime Minister Narendra Modi vies for a third term in office. The election, spanning seven days and involving almost one billion voters, is set against the backdrop of economic growth, welfare initiatives, Modi’s personal popularity, and the rise of Hindu nationalism. Modi’s Campaign and Promises Prime
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