Culture
ECB reviews claims Deutsche Bank downplayed financial risks
It underplayed risks in its balance sheet and gave misleading picture of its financial health[BRUSSELS] The European Central Bank is examining claims that Deutsche Bank underplayed risks in its...
UK’s Domino’s Pizza CEO steps down as strategy shift takes hold
The move comes as the chain broadens its focus beyond core pizzas to drive growth in a tough market[LONDON] Britain’s Domino’s Pizza Group said on Tuesday (Nov 25) that...
Shell agrees to buy 100,000 barrels of petrol from Indonesia’s Pertamina amid shortage
[JAKARTA] Fuel retailer Shell has agreed to buy 100,000 barrels of petrol from Indonesia’s state energy firm Pertamina, the country’s deputy energy minister Yuliot Tanjung said on Tuesday (Nov...
ABN Amro to cut 5,200 jobs by 2028
[AMSTERDAM] ABN Amro Bank outlined a plan to cut 5,200 full-time roles by 2028 as new chief executive officer Marguerite Berard unveiled her vision for the lender.The Dutch bank...
CDL to sell Osaka hotel for 14 billion yen to Blackstone funds
The proposed divestment aligns with the real estate company’s capital recycling and portfolio optimisation efforts [SINGAPORE] City Developments Limited (CDL) is proposing to divest a hotel in Osaka, Japan,...
Philippines mulls rate cut to spur demand after scandal hit
[MANILA] The Philippine central bank will consider another reduction in the benchmark interest rate next month to help spur demand, its top official said, after the economy was hit...
Starbucks Malaysia operator sees business rebound after boycotts
The company is also preparing to expand in Nordic countries, where it has the rights to the brand[KUALA LUMPUR] The operator of Starbucks in Malaysia says business is gradually...
Syngenta is said to mull Hong Kong IPO after Shanghai pulled
A big chunk of the offerings come from Chinese companies pursuing a second listing in the city to help support their overseas expansion[HONG KONG] Syngenta Group is considering an...
Citigroup India nears US$1 billion book of asset backed securities
[MUMBAI] Citigroup’s India unit has more than doubled its asset-backed securities book to nearly US$1 billion in the last two years, ahead of schedule for a goal it set...
Rate hikes drive Japan regional banks towards mergers to survive
The lenders are facing increased competition for deposits as an inexpensive funding source with interest rates rising, and new rivals such as internet-based banks are also growing[TOKYO] Three decades...
