Business
Big Food goes small: Kraft Heinz bets on simplicity to boost shares
Investment bankers had pitched a breakup to Kraft Heinz for years without success, sources said. The company finally agreed to a split…
Section
Business
Business
GE Aerospace’s Singapore and Malaysia projects to enjoy ‘significant portion’ of new US$75 million investment
Aviation giant GE Aerospace on Wednesday (Sep 3) announced plans to invest US$75 million across its Asia-Pacific (Apac) maintenance,…
Business
A let off or tougher than it looks? What the Google monopoly ruling means
Lily JamaliNorth America Technology Correspondent, San Francisco In the modern internet era, few monopoly cases have been as closely…
Business
CNMC shares strike gold as yellow metal surges again; pure gold play on SGX hits S$0.765 new high
This comes on the back of gold prices’ steady rise in recent times, following a season of market volatility Shares of CNMC Goldmine surged…
Business
Hong Kong probes alleged insider trading by staff at HKEX, SFC
Hong Kong is probing allegations of insider dealing that involve at least two individuals at the stock exchange and the city’s financial…
Business
Citi appoints ex-JPMorgan banking veteran as Apac investment banking co-head
Citi has named Kaustubh Kulkarni as its new co-head of investment banking for Japan, Asia North and Australia and Asia South. Kulkarni…
Business
Citi appoints banking veteran as Apac investment banking co-head
Kaustubh Kulkarni is making the move after spending nearly three decades at JPMorgan Citi has named Kaustubh Kulkarni as its new co-head…
Business
Sheffield Wednesday: Takeover progress and Dejphon Chansiri sale stuck in limbo
Chansiri is part of one of Thailand's richest families - his father Kraisorn founded the Thai Union Group, a seller of seafood which makes…
Business
How to get your startup noticed: 5 principles to master
Startup wisdom is a new TNW series offering practical lessons from experts who’ve helped build great companies. This week, Lize Hong, the…
Business
HSBC AM joins peers with private equity fund targeting wealthy
HSBC Holdings’ asset management (AM) arm is launching a private equity strategy targeting wealthy clients, the latest move by a major…
Business
ANZ starts cutting jobs in institutional banking division
Precisely how many roles will be eliminated from the restructure remains unclear, and the bank has said that it will update investors on…
Business
What to Watch: Phoebe Philo, Skims and Kith Bet on London Despite Tough Retail Climate
LONDON — The absence of tax-free shopping cost the West End 310 million pounds in retail sales in the first six months of the year,…
Business
Asia: Markets down as gold hits fresh high
Asia markets were down on Wednesday while gold extended its six-day rally after reaching a record high as investors sought safe havens…
Business
China’s chemicals makers reap reward of shift from oil to coal
Falling coal prices are shifting the profitability of China’s chemicals sector, away from traditional oil-based producers to the growing…
Business
Boustead surges 12.8% on the back of Reit listing application
The counter shoots up to S$1.68 as at 10.07 am, gaining S$0.19 from its previous close Shares of engineering and technology group Boustead…
Business
Hyflux got only S$150 million bank loan for S$890 million project because of cash flow concerns
Even after Hyflux won its bid for the S$890 million Tuaspring project in March 2011, it managed to secure only a S$150 million bank loan.…
Business
Gold extends record run as US rate-cut bets lift appeal
Gold prices extended their record run on Wednesday (Sep 3), holding firm above the key US$3,500 level, driven by growing investor…
Business
JPMorgan to boost corporate banking in India on investment jump
JPMorgan Chase is strengthening its corporate banking presence in India, focusing on sectors such as electric vehicles, data centres, and…
Business
Nestle CEO switch a chance to reset: experts
NESTLE’S sudden sacking of its chief executive over an office relationship gives the Swiss food giant a chance to reset and return to its…
Business
Google keeps Chrome and Apple deal but must share data in big antitrust ruling
GOOGLE won’t have to sell its Chrome browser, a judge in Washington said on Tuesday, handing a rare win to Big Tech in its battle with US…
Business
EV maker Nio posts 0.3% wider Q2 net loss of 5.1 billion yuan despite top-line growth
Chinese electric vehicle (EV) maker Nio recorded a net loss of 5.1 billion yuan (S$928.4 million) for its second quarter ended Jun 30,…
Business
Stocks to watch: Nio, Keppel Infrastructure Trust, Centurion, Boustead, mm2 Asia
The following companies saw new developments that may affect trading of their securities on Wednesday (Sep 3): Nio: The electric vehicle…
Business
Ikea to drive China furniture costs lower as price war deepens
Ikea pledged to keep prices lower at its China stores, as the world’s largest furniture retailer courts thriftier buyers and seeks to fend…
Business
China’s rich return to risky ‘snowball’ derivatives for yields
China’s wealthy are once again pouring money into “snowball” derivatives for juicier returns, a year after the regulator curbed the…