Culture
UBS senior banker who pioneered ESG debt swaps leaves firm
He is among a select group of former Credit Suisse bankers who made it into top roles at UBS, after it acquired its troubled Swiss rival last yearA SENIOR...
SMI Vantage seeks to delist without exit offer, citing ‘difficult financial conditions’
SMI Vantage intends to hold an extraordinary general meeting for minority shareholders to evaluate and vote on a resolution that will see the company delist without an exit offer.The...
GIC-backed Coda Payments gets MAS’ in-principle nod for major payment institution licence
Holders are allowed to conduct multiple transactions without being subjected to certain threshold limits on transaction volume or float PAYMENTS firm Coda Payments has received in-principle approval from the Monetary...
Brokers’ take: RHB raises price target for Sheng Siong on positive outlook
RHB on Wednesday (Oct 30) raised its price target for Sheng Siong to S$2 from S$1.88 and kept its “buy” call on the counter. The new price target represents a...
Olam in advanced talks to sell rest of US$4 billion agribusiness to Saudis
Saudi Agricultural & Livestock Investment Company now holds a 35.4% minority stake in Olam Agri after investing US$1.24 billion in the unitOLAM Group’s remaining 64.57 per cent stake in...
Singapore shares fall at Friday’s open; STI down 0.8%
SINGAPORE stocks began Friday (Nov 1) morning trading in negative territory, mirroring overnight losses in the global markets.As at 9.01 am, the Straits Times Index (STI) fell 28.72 points...
Boeing makes higher offer to striking workers, vote on Monday: union
US AVIATION giant Boeing has improved the conditions in its contract offer to thousands of striking workers, with a 38 per cent wage increase over four years and a...
Intel surges after results spark optimism over turnaround
INTEL gave a fourth-quarter revenue forecast slightly above estimates, sparking optimism that it’s capable of reclaiming some lost market share. Fourth-quarter revenue will be US$13.3 billion to US$14.3 billion, the...
Apple disappoints investors with tepid forecast, China weakness
APPLE Inc, heading into its most critical sales period of the year, sparked fresh concerns about revenue growth and lingering weakness in an intensely competitive China market.Following the company’s...
Hanwha’s offer for Dyna-Mac shouldn’t be compared to past non-privatisation deals
THERE have been two important developments since Hanwha Ocean SG’s offer for Dyna-Mac was spotlighted by this column three weeks ago.On Oct 14, the offeror – a special-purpose vehicle...
