Wegovy-maker Novo Nordisk to cut 9,000 jobs in restructuring
Wegovy-maker Novo Nordisk will cut 9,000 jobs, or about 11.5 per cent of its workforce, in a restructuring to save eight billion Danish crowns (S$1.6 billion) annually, it said on…
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Deutsche Bank hires trio for Asia Pacific credit trading, sales
Deutsche Bank hired three for its Asia Pacific credit trading and sales desk, underscoring high demand for staff, as finance professionals shift among banks in the region. The lender hired…
US raid disrupts construction at multiple South Korean battery plants
The company is building three other production lines in Arizona, Michigan and Ohio The immigration raid at an LG Energy Solution-owned battery plant in Georgia has disrupted construction…
Asia: Markets rally as new US jobs data fans rate cut hopes
ASIAN markets extended gains on Wednesday following a record day across Wall Street as fresh data pointing to a weakening US jobs market ramped up expectations for a series of Federal…
KKR, Blackstone turn India into Asia’s buyout HQ after China dip
The South Asian nation offers strong economic expansion, with broader investment opportunities across sectors from infrastructure to manufacturing Global asset managers from KKR to…
US judge blocks Trump from removing Fed Governor Cook, for now
A FEDERAL judge on Tuesday temporarily blocked President Donald Trump from removing Federal Reserve Governor Lisa Cook, an early setback for the White House in an unprecedented legal…
LHN gets SGX nod to list Coliwoo on mainboard; issues upbeat report for Q3
The Singapore Exchange has approved the mainboard listing of co-living business Coliwoo. Parent company LHN Group, which gave the update on Wednesday (Sep 10), said in a separate statement…
CATL readies China lithium mine restart earlier than thought
Prices of lithium carbonate has seen heightened volatility over supply uncertainties A Chinese lithium mine that pushed up battery-metal prices when it halted production last month is now…
Chinese insurers’ stock buying bolsters case for slow bull run
Rising demand from long-term investors will be key to reviving market sentiment and help sustain the rally’s momentum Chinese insurance firms have increased their equity exposure to the…
Citigroup sees investment-banking fees, markets up mid-single digits
Volatility has whipsawed global markets since US President Donald Trump announced tariffs on trading partners around the world Citigroup said that its third-quarter investment-banking fees…
Former Meta researchers testify company buried child safety studies
META systematically suppressed internal research highlighting serious child safety risks on its virtual reality platforms, according to allegations from current and former employees who…
Apple holds down new iPhone prices amid threats of Trump tariffs
[CUPERTINO, California] Apple on Tuesday introduced an upgraded line of new iPhones, including a slimmer iPhone Air, and held prices steady amid US President Donald Trump’s tariffs that…
US: Wall St opens slightly higher in run-up to employment revision figures
Wall Street indexes opened slightly higher on Tuesday (Sep 9), a day after closing near record peaks, as investors remained cautious ahead of an impending employment rate revision. The Dow…
Anglo American agrees to buy Teck in deal reshaping mining
Anglo American has agreed to acquire Canada’s Teck Resources, creating a more than US$50 billion company in one of the biggest mining deals in over a decade. Anglo will pay 1.3301 shares…
ASML invests 1.3 billion euros on Europe’s AI champion Mistral
The deal provides Mistral with a major injection and makes it one of Europe’s most valuable private companies ASML Holding is investing 1.3 billion euros (S$2 billion) in France’s Mistral…
How does Tesla get to US$8.5 trillion value? Robots, robotaxis and hope
How can Tesla become an US$8.5 trillion company? That is the market valuation the electric vehicle maker would have to reach to justify CEO Elon Musk’s new pay package announced last week.…
Alibaba dumps 151.3 million SingPost shares, slashing its stake to below 5%
This means the Chinese e-commerce giant is no longer a substantial shareholder of the national postal service provider Alibaba Investment, a subsidiary of Chinese e-commerce giant Alibaba…
Cambodia opens US$2b Chinese-built airport
Techo airport will be able to handle up to 13 million passengers a year, and aims to reach 50 million by 2050 A US$2 billion Chinese-built airport in Cambodia opened its runways to the…
China property stocks jump on policy, lending boost
Top gainers included Country Garden and Shimao Group Holdings, whose shares rose more than 30% Chinese property shares surged in Hong Kong, led by Country Garden Holdings as analysts…
Dutch government plans to cut ABN Amro stake to about 20%
The Dutch government is embarking on another reduction in its stake in ABN Amro Bank as it continues to gradually pare its holdings in the lender it bailed out during the financial crisis.…
Arthur Kiong to step down as managing director of Far East Hospitality by end-2025
The industry veteran will be succeeded by his deputy, Mark Rohner, on Jan 1, 2026 Hospitality veteran Arthur Kiong will step down as the managing director of Far East Hospitality (FEH),…
Novartis to buy US biotech Tourmaline Bio for US$1.4 billion
Novartis agreed to buy Tourmaline Bio in a deal valued at about US$1.4 billion as the Swiss drugmaker continues to pursue bolt-on deals to boost its drug pipeline. The Swiss drugmaker will…
Gold heads towards US$4,000 mark as markets grapple with dollar doubts, Fed uncertainty
Analysts note confidence in the precious metal is ultimately linked to sentiment towards the greenback Gold is blazing a trail towards US$4,000 an ounce, driven by a potent mix of…
Google to obey South Korean order to blur satellite images on maps
This paves the way for the US tech giant to compete better with local navigation platforms Google said on Tuesday (Sep 9) that it would comply with the South Korean government’s demand to…