Culture
Barclays cuts more than 200 investment bank jobs to reduce costs
Barclays is preparing to cut more than 200 jobs in its investment bank in the coming days as part of chief executive officer CS…
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Culture
Culture
Warner Bros plans to split streaming, cable TV businesses
Warner Bros Discovery is splitting itself into two publicly traded companies, one with its HBO Max streaming service, film and television…
Culture
US: Wall Street opens higher as US-China trade talks begin
Street’s main indexes opened higher on Monday (Jun 9) as investors watched a fresh round of negotiations between the United States and…
Culture
Shareholders to vote on Great Eastern delisting on Jul 8
Independent directors of Great Eastern Holdings (GEH) are recommending for shareholders to accept OCBC’s conditional exit offer that will…
Culture
Asia healthcare assets risk overvaluation as private investors scoop them up
As private equity (PE) investors pour money into Asian healthcare, some observers are concerned thatthis sector could soon overheat. Some…
Culture
Kim Heng inks deal with Singapore Energy Interconnections on submarine power projects
This comes after Singapore Energy Interconnections’ other project to enable low-carbon electricity imports from Indonesia to Singapore…
Culture
Global convergence of sustainability disclosure standards – what boards need to know
SUSTAINABILITY disclosures have finally begun to align globally after a long, winding journey spanning three decades. What originated in…
Culture
Doing away with SGX watch list may help the firms focus more on the long term: market watchers
The proposed removal of Singapore Exchange’s (SGX) financial watch list could benefit companies by allowing them to focus on business…
Culture
EV maker VinFast’s Q1 loss widens on higher spending as deliveries rise
Vietnamese electric vehicle maker VinFast on Monday (Jun 9) reported its sixth consecutive quarterly net loss as it continues to ramp up…
Culture
Singapore stocks close Monday higher ahead of US-China talks; STI up 0.1%
Local stocks rose on Monday (Jun 9), in line with gains in Asian markets on hopes that a fresh round of US-China trade talks will ease…
Culture
Qualcomm strengthens AI portfolio with US$2.4 billion Alphawave deal
US chipmaker Qualcomm agreed to acquire Alphawave for about US$2.4 billion on Monday (Jun 9), as it expands into the booming AI data…
Culture
DBS tops US$100 billion market value in Singapore Exchange first
DBS Group Holdings became the first listed company in Singapore to top US$100 billion in market value, helped by a softer US currency that…
Culture
Banks want staff back at the office. There aren’t enough desks
Five years after the Covid pandemic fuelled an unprecedented boom in remote work, bank executives have become ever more vocal in their…
Culture
Shein and Reliance reportedly aim to sell India-made clothes abroad within a year
[MUMBAI/LONDON] Fashion retailer Shein and partner Reliance Retail plan to rapidly expand their Indian supplier base and start overseas…
Culture
Hong Kong to maintain US dollar peg despite geopolitical tensions
Hong Kong will maintain its currency peg to the US dollar, the financial hub’s leader said in an interview published on Monday (Jun 9),…
Culture
Bank of England risks repeat of Brexit pessimism as growth signals diverge
Bank of England (BOE) rate-setters risk underestimating the strength of the UK economy by placing too much faith in downbeat business…
Culture
Atome to get US$75 million from Lending Ark as credit demand grows
As traditional credit markets in the US and Europe falter, private credit investors are turning their attention to emerging markets, drawn…
Culture
Nomura to shut branch in China as it scales back wealth business
The closure comes four years after Nomura announced the opening of the office in late 2021, when it was pushing to expand in areas that…
Culture
Asia: Markets rally ahead of latest China-US trade talks
Stocks rallied on Monday (Jun 9) on hopes that a fresh round of China-US trade talks later in the day will ease tensions between the…
Culture
Gold falls on strong US jobs data and improved trade outlook
Gold prices fell on Monday (Jun 9) as a stronger-than-expected US jobs report cooled expectations of interest rate cuts from the Federal…
Culture
‘Very clever’; ‘lost confidence’: Shareholders react to OCBC’s latest exit offer for Great Eastern
OCBC on Friday (Jun 6) made a conditional exit offer at S$30.15 per share for the 6.28 per cent stake in Great Eastern it does not own, in…
Culture
Private assets giant Brookfield expects alternative investments to replace public markets in 25 years
Bruce Flatt, the billionaire chief executive officer of Toronto-based Brookfield, is understandably bullish on the prospects of…
Culture
Demand for AI-related talents increasing globally across sectors
It has been an active market for global roles in the area of artificial intelligence (AI), with several top-level appointments being…
Culture
Chinese managers take reins at TikTok Shop in US as sales miss goal
ByteDance, TikTok’s parent company, has been replacing US-hired staff near Seattle with managers connected to China, aiming to replicate…