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The company plans to use the proceeds from its share sale to develop and expand its main infrastructure businesses by acquiring ships and funding ports and warehouse operations …
New Zealand‘s central bank held the benchmark interest rate at 3.25 per cent on Wednesday, but said it expected to loosen monetary policy if medium-term inflation pressures continued to…
Over 10 years, the firm will be able to be reimbursed for as much as US$8.9 million, according to the release Citigroup is adding 510 new jobs in Charlotte, further cementing the…
Gold edged higher on Wednesday (Jul 9) as US President Donald Trump’s latest tariff threats dampened hopes for trade talks, but a stronger US dollar and higher Treasury yields capped…
First, it was Warren Buffett. Now, another key Bank of America (BOA) investor that stood by it since the worst days of the 2008 financial crisis is chopping down its stake. Kuwait…
Its aim is to create opportunities for directors and employees of CYI and its subsidiaries to participate in its equity Hong Leong Asia on Tuesday (Jul 9) announced that its subsidiary…
Meta Platforms bought a minority stake in the world’s largest eyewear maker EssilorLuxottica, a deal that increases the US tech giant’s financial commitment to the fast-growing smart…
The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 9): OCBC; Great Eastern: Insurer Great Eastern will resume trading after a vote…
The company has not given a total figure for the cuts, but a source familiar with the matter has put the amount at more than a fifth of staff Intel is cutting more than 500…
The US manufacturer has begun to make progress in returning its factories to a steadier tempo Boeing said it delivered 60 aircraft in June, its best showing in 18 months that…
Bidders for three New York City-area casino licences are projecting revenue that would place them among the most lucrative resorts in the world, according to an analysis of their…
IReit Global has secured two new leases in Spain last month, totalling around 5,200 square metres (sq m). The manager of the Europe-focused real estate investment trust (Reit) said on…
Celebrities are all too familiar with the world of deepfakes, the colloquial term for artificial intelligence-generated videos that depict actors and other Hollywood talent falsely doing…
International Business Machines (IBM) on Tuesday (Jul 8) announced a new line of data centre chips and servers that it says will be more power-efficient than rivals and will simplify the…
Amazon.com’s Prime Day is slamming into US President Donald Trump’s trade war, with ever-shifting tariffs prompting some brands to sit out the summer sale and some shoppers dropping hints…
The announcement this week that the government will not renew the leases for six golf courses in Singapore could lead to an increase in club membership prices over the next few years, say…
[Stuttgart] Porsche warned of a tough road ahead for sales this year after a slowdown in the lucrative US market and persistent weakness in China. The sportscar maker’s global…
Mom-and-pop traders lost a combined US$33 billion over the four years through March Individuals in India lost over US$12 billion trading equity derivatives in the year ended March,…
StarHub’s cybersecurity arm, Ensign, continues to deliver double-digit revenue growth. This comes as the telco’s consumer segment reels from intense competition and customer downtrading,…
Great Eastern Holdings (GEH) is set to resume trading after a vote for a delisting resolution fell through at its extraordinary general meeting (EGM) on Tuesday (Jul 8). Some 63.49 per…
China-founded fast-fashion retailer Shein has filed for an initial public offering (IPO) in Hong Kong to accelerate the listing process and pressure Britain’s regulators to approve…
GuocoLand has secured a S$619.3 million green club facility on Tuesday (Jul 8) to finance the acquisition and development of its upcoming River Valley Green (Parcel B) project – a high-end…
China’s Shenzhen Stock Exchange has urged brokers to speed up applications for companies to list on the ChiNext board as officials seek to boost private enterprise and reignite the economy…
Sweltering temperatures are pushing up appetite for electricity in China, just not yet enough to revive the country’s spot purchases of costly liquefied natural gas (LNG). Traders hoping…
