Culture
Sats unit to shed stake in Saudi Arabia subsidiary for S$52.6 million
IN-FLIGHT caterer and ground handler Sats intends to divest 49 per cent of its interest in its Saudi Arabia cargo-handling subsidiary for S$52.6 million to a private limited company...
Thai banking system has large excess liquidity: central bank
THAILAND’S banking system has large excess liquidity and the central bank has not tightened its lending supervision, an assistant governor said on Monday (Nov 25), reflecting banks’ reluctance to...
HSBC sustainability chief leaves after executive committee role dropped
HSBC’s chief sustainability officer, Celine Herweijer, has stepped down, the bank said on Monday (Nov 25), weeks after a management reshuffle removed her role from the lender’s executive committee.
Herweijer...
Europe: STOXX 600 hits two-week high
Europe’s main stock index opened at a two-week high on Monday (Nov 25), boosted by US President-elect Donald Trump’s Treasury Secretary nomination and upbeat comments by the European Central...
UK regulator fines Barclays £40 million over disclosures related to Qatar dealings
BRITAIN’S financial regulator said on Monday (Nov 25) it had fined Barclays £40 million (S$68 million) in total for its failure to disclose certain arrangements with Qatari entities in...
Singapore Gulf Bank to raise funds, buy stablecoin payments firm
SINGAPORE Gulf Bank is seeking to raise at least US$50 million in a funding round and plans to acquire a stablecoin payments company next year, according to people with...
Mr DIY Indonesian business plans IPO to raise up to 4.7 trillion rupiah
THE Indonesian sister company of Mr DIY Group (M) Bhd will list shares in Jakarta through an initial public offering (IPO) that seeks to raise as much as 4.7...
Swatch wins Malaysia suit over pride watch raid: report
SWISS watchmaker Swatch Group has won its lawsuit against the Malaysian government over last year’s controversial seizure of its Pride-themed watches in the South-east Asian nation, according to a...
Brokers’ take: RHB ‘overweight’ on Singapore banking sector
RHB on Monday (Nov 25) upgraded its call on Singapore’s banking sector to “overweight” from “neutral” in September, as it made a “buy” call for two of the three...
Brokers’ take: Maybank initiates SingPost at ‘buy’ with S$0.74 target price
MAYBANK Securities has initiated coverage on Singapore Post (SingPost) with a “buy” call and a S$0.74 target price after applying a 15 per cent holding discount to its sum-of-the-parts...
