Business
Trai's whitelisting norms: Majority of banks, insurers in compliance
3 min read Last Updated : Oct 01 2024 | 11:35 PM IST All national-level banks, insurers, and other financial players in both public and…
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Business
Business
Samsung to cut thousands of jobs as part of worldwide layoffs
SAMSUNG Electronics is laying off workers in South-east Asia, Australia and New Zealand as part of a plan to reduce global headcount by…
Business
Samsung’s Singapore staff not spared as it cuts thousands of jobs globally amid struggles in AI market
SAMSUNG Electronics is laying off workers in South-east Asia, Australia and New Zealand as part of a plan to reduce global headcount by…
Business
AMC shares rise up to 5% as new asset class opens revenue stream for MFs
3 min read Last Updated : Oct 01 2024 | 7:22 PM IST Shares of major asset management companies (AMCs) rose up to 5 per cent on Tuesday—in…
Business
Global borrowing binge brings record US$600 billion of bond sales
Companies and governments around the globe spent the past month streaming into debt markets, seizing on declining interest rates ahead of…
Business
Adani flagship’s US$1.3 billion share sale said to start next week
Billionaire Gautam Adani’s flagship firm plans to roll out its share sale as early as next week, according to people familiar, marking its…
Business
Birla Estates sells residential real estate worth Rs 600 cr in Bengaluru
1 min read Last Updated : Oct 01 2024 | 5:19 PM IST Realty firm Birla Estates has sold properties worth about Rs 600 crore in its new…
Business
Goldman Sachs trades £1 billion in Thames Water debt
Goldman Sachs Group executed more than £1 billion (S$1.7 billion) of trades in Thames Water’s bonds in September, as it made a market…
Business
ThaiBev revives IPO plan for beer unit, eyes potential partners
Thai Beverage is reviving plans for an initial public offering of its beer unit to take advantage of a rally in global stock markets,…
Business
Singapore shares decline amid mixed regional showing; STI down 0.1%
SINGAPORE stocks fell into the red on Tuesday (Oct 1), even asmost regional markets ended mixed. The benchmark Straits Times Index (STI)…
Business
Malaysia’s Petronas to supply gas to Sabah Electricity
MALAYSIA’S Petronas will supply gas to Sabah Electricity for power generation in the regions of Sabah and Labuan, the state-owned energy…
Business
Lufthansa aims to revive 'problem child' airline by 2026: CEO Carsten Spohr
Lufthansa is still waiting for 41 new Boeing planes to arrive, with the 777x jets on order already facing years-long delays.(Photo:…
Business
Pfizer raises US$3.2 billion by selling part of Haleon stake
Pfizer increased the number of shares to 640 million from 540 million after the sale began Pfizer has raised about US$3.2 billion from the…
Business
Azalea’s Altrium funds close at over US$200 million each
Both funds have attracted investors that include institutions, private banks, family offices, external asset managers and high-net-worth…
Business
Airline stocks IndiGo, SpiceJet gain after govt slashes ATF rates
Aviation stocks, IndiGo, SpiceJet, ATF rates 2 min read Last Updated : Oct 01 2024 | 12:15 PM IST InterGlobe Aviation (IndiGo) and…
Business
Nippon Steel invests in Mlion, eyes stronger Asean foothold
The Japanese steel giant hopes to leverage Mlion’s position as a market leader in the steel sheet piling sector SINGAPORE-headquartered…
Business
US East Coast dockworkers head toward strike after deal deadline passes
DOCKWORKERS on the US East Coast and Gulf Coast were expected to strike on Tuesday morning after a midnight deadline passed with no sign…
Business
Ringgit’s surge pressures Singapore shoppers and Malaysians working across borders
Observers say it could continue strengthening, but that a return to below the 3.00 level against the Singdollar is unlikely The Malaysian…
Business
Gold holds ground as investors await US data for further clues
GOLD price held its ground on Tuesday (Oct 1), following a decline of nearly 1 per cent in the previous session, as investors awaited…
Business
Venture Corp appoints Wong Chee Kheong as group CEO
TECHNOLOGY company Venture Corporation has named Wong Chee Kheong, 62, as its group chief executive officer (CEO) effective Nov 1. In his…
Business
Stocks to watch: Japfa, Keppel, Mapletree Industrial Trust, Venture, CapitaLand Ascott Trust, QAF
THE following companies saw new developments that may affect trading of their securities on Tuesday (Oct 1): Source link
Business
CapitaLand Ascott Trust to acquire lyf Funan Singapore at S$263 million agreed value
CAPITALAND Ascott Trust (Clas) has proposed to acquire Victory SR Trust (VSRT), which directly holds a 100 per cent interest in lyf Funan…
Business
CapitaLand Ascott Trust to buy lyf Funan Singapore at S$263 million agreed value
CAPITALAND Ascott Trust (Clas) has proposed to acquire Victory SR Trust (VSRT), which directly holds a 100 per cent interest in lyf Funan…
Business
China’s top banks to tweak mortgage rates to boost housing market
SIX of China’s biggest banks said they would tweak interest rates on existing mortgages following a request to lower them from Beijing’s…