Business
GIC makes senior leadership changes, appoints new group CIO
Bryan Yeo succeeds Jeffrey Jaensubhakij, who is stepping down after almost three decades at the firm GIC’S deputy group chief investment…
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Business
Business
Sam Warburton & John Barclay pick Lions XVs after Six Nations week one
Six Nations Rugby Special's Sam Warburton and John Barclay pick their British and Irish Lions XVs based on performances by players in the…
Business
UBS quarterly profit smashes expectations, US$3 billion buyback unveiled
UBS Group, Switzerland’s largest bank, on Tuesday (Feb 4) posted net income of US$770 million for the fourth quarter of 2024, trouncing…
Business
UBS trounces profit forecasts, US$3 billion share buyback conditional on capital rules
UBS Group on Tuesday (Feb 4) posted fourth-quarter profit that beat forecasts by a wide margin and said it would buy back up to US$3…
Business
Grab, GoTo accelerate merger talks and aim for deal in 2025
GRAB Holdings and GoTo Group have accelerated merger talks and target a deal this year, seeking to end years of losses in South-east…
Business
Grab weighs takeover of rival GoTo at US$7 billion valuation
GRAB Holdings and GoTo Group have accelerated merger talks and are targeting a deal this year, seeking to end years of losses in…
Business
AI and more: These tech firms top the list of Singapore’s 100 fastest-growing companies
A good variety of sectors are in a list of 100 fastest-growing companies based in Singapore, going by a study done by The Straits Times…
Business
Indonesian fund, Mitsui vie for US$300 million stake in toll operator RKE: sources
INDONESIA’S sovereign wealth fund, Indonesia Investment Authority (INA), and Japan’s Mitsui are among prospective buyers of CVC Capital…
Business
Chinese tea drinks firm Guming aims to raise US$202 million in Hong Kong IPO
CHINESE bubble tea drinks company Guming Holdings is aiming to raise up to US$202 million in a Hong Kong initial public offering (IPO),…
Business
Nippon, US Steel say Biden blocked merger amid ‘sham’ review
NIPPON Steel and United States Steel claimed former President Joe Biden unfairly prejudged their US$14.1 billion merger and gave the…
Business
BNP expands Australia presence by hiring banker for leverage finance market
BNP Paribas has hired a senior leveraged finance banker in Sydney as the French bank expands its presence in one of Asia Pacific’s busiest…
Business
Dutch lender ING looking for acquisitions to grow in Germany, Italy and Spain, says CEO
DUTCH lender ING Group is looking for opportunities to buy rival banks in major European countries to boost its size, its chief executive…
Business
Newspaper headlines: 'Markets rebound' and 'crawling back to EU'
10 minutes ago Sign up for our morning newsletter and get BBC News in your inbox. Related Internet Links Daily Express Daily Mail Daily…
Business
Singapore finds its seat at the China+1 table
FOR multinationals looking to reduce their reliance on China, the top alternative locations in Asia so far have been Vietnam and…
Business
NXP gives disappointing sales forecast as chip slump persists
NXP and its peers have been struggling with a stubborn glut of chips that help power electric cars and manufacturing operations NXP…
Business
Keppel Pacific Oak US Reit posts 8.8% fall in distributable income to US$23.8 million for H2
This brings its income available for distribution for the full-year down 8.8% to US$47.6 million from US$52.2 million THE manager of…
Business
Stocks to watch: CapitaLand Investment, Suntec Reit, Keppel Infrastructure Trust, Lendlease Global Reit
THE following companies saw new developments that may affect trading of their securities on Tuesday (Feb 4). CapitaLand Investment (CLI):…
Business
Keppel Infrastructure Trust posts 54.2% lower H2 DPU of S$0.0195
KEPPEL Infrastructure Trust (KIT) on Tuesday (Feb 4) posted a 54.2 per cent lower distribution per unit (DPU) of S$0.0195 for the second…
Business
Japan’s biggest lender MUFG posts 32% jump in Q3 profit
Japan’s largest lender Mitsubishi UFJ Financial Group on Tuesday (Feb 4) reported a 32 per cent increase in quarterly net profit. Profit…
Business
Apple blasts EU app laws after first porn app comes to iPhones
From the beginning of the App Store in 2008, Apple executives have banned porn from its platform APPLE lambasted the EU’s Digital Markets…
Business
Clorox raises guidance after quarterly sales top estimates
CLOROX raised sales and earnings guidance for the current year while also reporting better-than-expected quarterly results, showing that…
Business
CapitaLand Investment to seed future data centre fund with US$700m investment in Japan
It is making disciplined acquisitions without acting like ‘a kid in a toy store’, says CLI’s Manohar Khiatani ASSET manager CapitaLand…
Business
Five key themes shaping Singapore’s economic outlook in 2025
SINGAPORE’S economy is poised to remain dynamic in 2025, navigating through challenges such as geopolitical tensions and economic…
Business
Chairman Leonardo Ferragamo Starts Process to Select Successor to CEO Marco Gobbetti
MILAN — Salvatore Ferragamo is turning to a trusted group of executives as it navigates the exit of chief executive officer Marco…