Coupang Revenue Climbs 23%, Though Farfetch Deal Erodes Earnings
Coupang Inc., facing mounting competition in e-commerce, declined in late trading after first-quarter earnings came in shy of analysts’ estimates.
Coupang Inc., facing mounting competition in e-commerce, declined in late trading after first-quarter earnings came in shy of analysts’ estimates.
Australia’s biggest banks plan to return more than A$5 billion ($3.3 billion) to shareholders just as fierce rivalry in the mortgage market shows few signs of easing.
Olam Agri Holdings Ltd. has yet again trumped Louis Dreyfus Co.’s bid for Namoi Cotton Ltd., as the two major agricultural traders vie for the Australian cotton producer.
Oil was little changed as traders tracked tensions in the Middle East and a mildly bearish US stockpiles report.
Singapore’s regulator has asked DBS Group Holdings Ltd. to figure out the root cause of recent disruptions to its internet banking and payment services and deal with it effectively, the Straits Times reported, citing a Monetary Authority of Singapore spokesperson.
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