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Additional lower-ranking job cuts are also expected in the first quarter, with bank management keen to offset headwinds to earnings from lower interest rates, China’s economic chills and…
GERMANY’S top central bank warned against trade levies, a day after US President Donald Trump reiterated a call for the European Union to buy more American oil and gas if the bloc wants to…
CATHAY Pacific Airways is planning to slash its profit-share payout to its workers by almost 50 per cent. The Hong Kong carrier is only planning to distribute at least four weeks of…
SOUTH Korea’s Hyundai Motor said on Thursday (Jan 23) it is in talks with General Motors to supply commercial electric vehicles to its US peer, as it expects sales growth to halve this…
For three years, the renewable energy generated from the farm will be channelled to the national grid A new 18 megawatt-peak ground-mount solar farm located at PSA Singapore’s Keppel…
SOFTBANK Group and OpenAI each plan to commit US$19 billion of capital to Stargate, the US$100 billion US artificial intelligence (AI) endeavour President Donald Trump unveiled this week,…
A RENEWED push by Japan’s biggest banks and other global lenders in India is driving down loan prices with the new players having more appetite for riskier credit, according to the country…
JPMORGAN Chase and Goldman Sachs are pushing back on demands to roll back their diversity initiatives. In television appearances on Wednesday (Jan 22), the chief executive officers of the…
ASCOTT, the wholly owned lodging business unit of CapitaLand Investment, has secured 16 new signings under the Oakwood brand in 2024, up 30 per cent from the previous year. This includes a…
KKR is moving its infrastructure and real estate assets under the same leadership as it looks to capitalise on converging opportunities between the rapidly expanding investing units. Raj…
Upcoming Singapore Budget may give further tax incentives for philanthropy, sustainability SINGAPORE’S strong family office sector will likely continue to boost the wealth management…
Wall Street’s main indexes opened higher on Wednesday (Jan 22), with the benchmark S&P 500 just shy of a record high, as investors cheered streaming giant Netflix’s strong quarterly…
FRASERS Centrepoint Trust (FCT) posted a committed occupancy of 99.5 per cent for its retail portfolio for the first quarter of its financial year ending Sep 30, 2025. This was maintained…
THE distribution per unit (DPU) for Mapletree Industrial Trust (MIT) rose 1.5 per cent to S$0.0341 for its third quarter ended Dec 31, 2024, from S$0.0336 in the prior year. Revenue for…
CHINA said on Wednesday (Jan 22) it will guide big state insurers and commercial insurance funds to increase investments in the A-share market, in a latest move to boost its lagging stock…
GOLDMAN Sachs Group’s alternative investment arm is launching a global infrastructure fund for wealthy individuals, as it ramps up efforts to open the growing private capital industry…
MICROSOFT on Tuesday (Jan 21) said it has changed some key terms of a deal with OpenAI after the ChatGPT creator announced a joint venture with Oracle and Japan’s SoftBank Group to build…
BILLIONAIRE Li Ka-shing’s port business in Panama said it’s committed to operating in the country, after local authorities launched an audit of the company amid concerns raised by US…
INDONESIA is close to a deal with Apple over an investment plan that would lift a ban on iPhone 16 sales in the country, according to a government minister. South-east Asia’s largest…
Indonesia’s bold move to mandate exporters to park all earnings onshore for a full year starting Mar 1 has come in for some criticism, with observers warning that the abrupt policy shift…
THE US Securities and Exchange Commission’s (SEC) new leadership said on Tuesday (Jan 21) it had created a task force to develop a regulatory framework for crypto assets, in the first…
THE following companies saw new developments that may affect trading of their securities on Wednesday (Jan 22): Mapletree Logistics Trust (MLT): Its distribution per unit (DPU) fell 11.1…
UNITED Airlines on Tuesday forecast a stronger-than-expected profit in the current quarter, after its earnings topped Wall Street estimates in the fourth quarter on robust travel demand…
BROKERAGE firm Charles Schwab said on Tuesday (Jan 21) that its profit rose 44 per cent in the fourth quarter driven by a jump in asset management fees, sending its shares up more than 6…
