Culture
Intel CEO Gelsinger leaves as chipmaker’s turnaround flounders
INTEL chief executive officer Pat Gelsinger, who was hired in 2021 to lead an ambitious turnaround of the iconic chipmaker, will leave the…
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Culture
Culture
CapitaLand Malaysia Trust to acquire Selangor logistics property for RM180 million
CAPITALAND Malaysia Trust (CLMT), a subsidiary of CapitaLand Investment, has entered into a sale-and-purchase agreement to acquire a…
Culture
Euro falls against strengthening US dollar amid French political uncertainty
THE euro fell on Monday (Dec 2) versus a strengthening US dollar on growing concerns about a possible government collapse in France, which…
Culture
EQT and GIC to acquire majority stake in UK’s Calisen from consortium of investors
PRIVATE equity firm EQT and Singapore’s sovereign wealth fund GIC will acquire a majority stake in UK’s Calisen, more than four years…
Culture
Dasin Retail Trust seeks court order to restrain proceedings against it for 6 months
This will prevent any resolution for the winding-up of the company to pass, along with the commencement or continuation of any proceedings…
Culture
Yangzijiang Shipbuilding bags US$2.63 billion in contracts
This takes the group’s shipbuilding contracts to US$14.3 billion in the year to date MARITIME vessel maker Yangzijiang Shipbuilding said…
Culture
Nissan stock performs worst in five decades under current CEO
MAKOTO Uchida’s five-year anniversary as president and chief executive officer of Nissan Motor is little cause for celebration among…
Culture
Australia’s central bank says risks from non-bank lenders limited
AUSTRALIA’S central bank said on Monday (Dec 2) that risks from non-bank lenders in securitisation are limited as the labour market…
Culture
Shiseido drops to eight-year low after growth plan underwhelms
SHISEIDO shares fell to their lowest in eight years after investors were underwhelmed by the company’s plan to counteract a slump in China…
Culture
Nomura CEO to seek 28 billion yen in extra cost reductions
NOMURA Holdings will seek 28 billion yen (S$250 million) in additional cost reductions, as chief executive officer Kentaro Okuda persists…
Culture
VW union to start walkouts on Monday over cost-cutting plans
VOLKSWAGEN (VW) workers across Germany plan to stage walkouts starting on Monday (Dec 2) after labour leaders and management failed to…
Culture
Nine Volkswagen plants on strike as worker rift with management deepens
WORKERS at nine Volkswagen car and component plants across Germany started two-hour strikes on Monday (Dec 2), bringing assembly lines to…
Culture
ESR-Logos Reit to be renamed ESR Reit
ESR-LOGOS Real Estate Investment Trust (ESR-Logos Reit) will be renamed ESR Reit from Dec 4 onwards. The registered name of the manager…
Culture
HSBC starts search for next chairman: report
HSBC’s board has appointed headhunters to start the recruitment of its next chairman, Sky News reported on Saturday (Nov 30), with…
Culture
SingPost to divest Australia business at A$1 billion enterprise value
SINGAPORE Post (SingPost) has entered into a share purchase agreement to divest its Australian business at an enterprise value of A$1…
Culture
SingPost to divest Australia business at A$1 billion enterprise value to private equity fund
The group may consider a special dividend after repaying debt and considering future funding needs SINGAPORE Post (SingPost) has entered…
Culture
BlackRock is near deal to buy private credit manager HPS
BLACKROCK is nearing a deal to buy HPS Investment Partners, a purchase that would vault the firm into the top ranks of private credit as…
Culture
Bangladesh wants to renegotiate Adani power deal unless court cancels
BANGLADESH wants to sharply lower prices under a power purchase deal with India’s embattled Adani Group unless it is cancelled by a court,…
Culture
Nissan CFO set to step down as carmaker faces raft of challenges
NISSAN Motor chief financial officer Stephen Ma is set to step down from his position, sources with knowledge of the matter said, marking…
Culture
Think the stock market boom is too ‘extreme’? Think again
From Sengkang to Sheffield or Seattle, you celebrate above-average, even huge years – like 2024 – more often than down years ARE stocks…
Culture
MAS is right to resist push for even looser leverage requirements for Singapore Reits
A more liberal regulatory stance towards these trusts – including the ones that are here just for the external manager model – may be a…
Culture
Yen hits 6-week high after faster-than-expected inflation support bets for a Dec BOJ rate hike
THE Japanese yen jumped to a six-week high against the dollar on Friday (Nov 29) after faster-than-expected inflation in Tokyo supported…
Culture
Britain’s jobs statistics crisis gives banks a growing headache
Britain’s banks may be putting extra money aside to cover bad loans due to confusion around the country’s faulty labour market data.…
Culture
Adani says his empire will emerge stronger after US bribery case
Indian billionaire Gautam Adani struck a combative tone in his first public remarks since US prosecutors indicted him in a US$250 million…