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QVC Exits Bankruptcy With $5B Debt Cut, Mike George Returns as CEO on August 7
QVC exits bankruptcy with $5 billion debt reduction and $600 million new credit facility. Former CEO Mike George returns to lead turnaround as company relists on Nasdaq under symbol QVCG.
Pentagon Awards $560M Loan to Sunrise Energy for World’s First Scandium Mine in NSW
Pentagon invests $560 million in Sunrise Energy Metals’ Syerston Scandium Project in NSW to counter China’s control of rare earth supply. Project targets aerospace and defence demand.
OCBC Lifts Interim Dividend to 47 Cents on Record August 2026 Profit
OCBC raises interim dividend to 47 cents after posting record S$4.19 billion first-half profit, driven by 27% surge in wealth management income to S$3.29 billion.
BofA Sentiment Gauge Reaches Most Bullish Level Since 2021, Warning of Market Risks
BofA sentiment among global fund managers has reached its most bullish level since 2021. The bank’s Bull & Bear Indicator rose to 9.4, marking its highest level in five years. That level sits well above the 8.0 threshold that triggers a contrarian sell signal. Cash holdings fell to 3.6% of assets, the lowest level since…
DBS Shares Hit $76.33 as CEO Tan Su Shan Drives Wealth Growth to $500B
DBS posts record S$3.08B Q2 profit, wealth AUM crosses S$500B milestone. Shares hit S$76.33 as CEO Tan Su Shan charts AI-driven strategy for Southeast Asia’s largest bank.
GOOGL Stock in Focus as Goldman Sachs Reaffirms Strong Buy Rating on Google
Goldman Sachs reaffirmed its Strong Buy rating on GOOGL stock this week, setting a $435 price target. That target implies roughly 21% upside from GOOG’s Thursday opening price of $360. Analyst Eric Sheridan cited disciplined AI spending and a growing backlog as key drivers. GOOGL stock remains in focus as investors weigh AI infrastructure costs…
Indonesia Takes Over Whoosh High-Speed Rail as Losses Mount to ¥45 Billion
Indonesia’s government takes control of the Whoosh high-speed railway from state firms after losses ballooned to ¥45 billion in the first half of 2026. The transfer aims to restructure debt without burdening the state budget.
Kowloon Development Names Ngau Chi Wan Project 33 Clear Water Bay on August 7
Kowloon Development names Ngau Chi Wan project 33 Clear Water Bay. 5 towers, 2,000+ units, HK$9.658bn land premium, Phase 1 has 361 units. First sales expected August 2026.
Hong Kong Silver Bonds Hit 4.25% Rate on August 7, Second-Highest Since 2016
Hong Kong issues 11th Silver Bond batch with 4.25% guaranteed rate, up from 3.85% last year. Eligible seniors aged 60+ can subscribe from August 21 for three-year bonds backed by infrastructure projects.