Business
Hermes family in talks to invest in French insurer Albingia
A FAMILY office backed by members of the Hermes fortune are among the likely buyers of French insurer Albingia, in an investment that…
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Business
Business
Korean Air completes Asiana takeover to form one of Asia’s biggest airlines
KOREAN Air said on Thursday (Dec 12) it had completed its protracted purchase of South Korean rival Asiana Airlines, making it one of…
Business
South Korea to safeguard competition after Korean Air, Asiana merger
SOUTH Korea will support smaller airlines and monitor market competitiveness after dominant carrier Korean Air completed a 1.8 trillion…
Business
Nordic Group bags S$22.9 million worth of contracts
The bulk of it comes from contracts secured by its system integration division and its cleanroom, air and water engineering solutions…
Business
Law protecting historical holy sites under scrutiny in India
India's top court is hearing a number of petitions challenging a decades-old law that preserves the character and identity of religious…
Business
"Connections" December 12: Hints and answers for game #550
Connections has continued to be a firm favorite among puzzle fans, having hit the mobile game scene over a year ago. In the wake of…
Business
Microsoft expects US$800 million impairment charge in Q2 2025 over General Motors’ Cruise exit
MICROSOFT expects to record an impairment charge of around US$800 million in the second quarter of fiscal year 2025 over General Motors’…
Business
ESR inks largest syndicated sustainability-linked loan for US$2.5 billion
HONG Kong-listed real asset manager ESR Group has secured a five-year syndicated sustainability-linked term loan and revolving credit…
Business
Hong Kong’s US$38 billion year for M&A sparks rare bidding wars
THIS year is poised to be the busiest in nearly a decade for takeover deals involving a range of Hong Kong-listed companies, from…
Business
Bitcoin lifted above US$100,000 on firming expectations of Fed cut
BITCOIN renewed a climb past US$100,000 after the latest US inflation data bolstered bets on another Federal Reserve interest-rate cut.…
Business
Gold rises for fifth day as US data lifts Fed rate-cut bets
GOLD nudged higher for a fifth straight session on Thursday (Dec 12) to hover near a more than two-week peak, supported by increased…
Business
UOBKH initiates ‘buy’ call on Oiltek with S$1.22 target price on strong order book
UOB Kay Hian (UOBKH) has initiated a “buy” call on vegetable and edible oil engineering process company Oiltek, with a target price of…
Business
Analysts place ‘buy’ call on Oiltek on strong order book, growing demand for sustainable aviation fuel
Analysts from UOB Kay Hian (UOBKH) and Lim and Tan Securities have issued a “buy” call on the vegetable and edible oil engineering process…
Business
Singapore stocks open lower on Thursday; STI down 0.1%
SINGAPORE shares opened lower on Thursday (Dec 12), following declines in the key banking counters after mild inflation data fueled…
Business
Singapore stocks rise amid Fed rate-cut hopes; STI up 0.4%
SINGAPORE shares reversed earlier losses to close in the green on Thursday (Dec 12), with Asia-Pacific markets mostly in positive…
Business
Commerzbank to assign more employees to branches in revamp
COMMERZBANK is assigning more employees to work in its branches as it seeks to boost the business its does with clients and meet ambitious…
Business
Insurer Income sets up new financial advisory unit and is ‘actively recruiting’: sources
HOME-GROWN insurer Income Insurance is taking a stab at a new business model as it looks at ways to grow its topline by expanding its…
Business
Stocks to watch: Del Monte Pacific, Trek 2000 International
THE following companies saw new developments that may affect trading of their securities on Thursday (Dec 12): Del Monte Pacific: The…
Business
Blackstone keen to boost Nippon Life ties after Resolution deal
BLACKSTONE signalled that it’s eager to strengthen its relationship with Nippon Life Insurance following the Japanese firm’s US$8.2…
Business
IFC, HSBC inks US$1 billion risk-sharing facility to boost trade financing in emerging markets
The two will equally share the risk on a portfolio of trade-related assets held by emerging-market banks in 20 countries THE International…
Business
IFC, HSBC ink US$1 billion risk-sharing facility to boost trade financing in emerging markets
The two will equally share the risk on a portfolio of trade-related assets held by emerging-market banks in 20 countries THE International…
Business
Bank of America promotes 387 employees to managing director: source
Bank of America (BOA) has promoted 387 employees to managing director roles in 2024, 16 per cent more than last year, a source familiar…
Business
Apple working with Broadcom to develop AI chip: report
APPLE is working with Broadcom to develop its first server chip specially designed for artificial intelligence (AI) processing, the…
Business
Hershey’s main owner rejects Mondelez’s offer as too low
THE main owner of US chocolate maker Hershey has rejected a preliminary takeover offer from Mondelez International, sources familiar with…