Business
China polysilicon firms plan 50 billion yuan fund to shut a third of industry capacity
Chinese producers of polysilicon, a building block for solar panels, are in talks to create a 50 billion yuan (S$8.9 billion) fund to…
Tag
Plan
Business
Keppel shares up 5.5% on H1 earnings growth and plan to divest S$14.4 billion of non-core assets
Year to date, it is up 25.1% from its closing price on the last trading day of 2024 Shares of Keppel rose on Thursday (Jul 31) morning…
Business
Keppel shares up 6.1% on H1 earnings growth and plan to divest S$14.4 billion of non-core assets
Shares of Keppel rose on Thursday (Jul 31) morning after the asset manager said H1 net profit grew 24.2 per cent and that it planned to…
News
Israel and hostages' families condemn UK plan to recognise Palestinian state
Israel and the families of Israeli hostages still held in Gaza have condemned the UK's plan to recognise a Palestinian state, saying it is…
Business
Goldman taps art advisory in Asia as wealthy plan for heirs
Goldman Sachs is building up its art advisory services in Asia, as wealthy families catch up with those in the US and Europe on…
Business
Starbucks CEO details brand reset plan as turnaround efforts drive sales beat
STARBUCKS reported better-than-expected revenue rise for the third quarter, as demand in China improved while investments in labor and…
Business
Plan for the next five years, not the next five headlines: HSBC’s Tommy Leung
Investors and business owners should adopt a long-term mindset, especially in the face of ongoing geopolitical volatility and uncertainty,…
Business
Trump Media buys US$2 billion in Bitcoin for crypto treasury plan
Trump Media & Technology Group, the firm behind Truth Social, has acquired about US$2 billion in Bitcoin and related securities as part of…
Business
UK to create new water regulator in plan that gives hope for stricken Thames Water
Britain said on Monday (Jul 21) it would overhaul water regulation to better protect the environment, investors and consumers, after an…
Business
RHB Bank’s Singapore unit key to regional growth plan, targets
Singapore, part of Malaysia’s fourth-biggest banking group RHB, will be key in driving its regional expansion plans and help meet targets…
Business
Citigroup shares hit highest since 2008 after profit beat, buyback plan
Citigroup’s shares briefly touched their highest since the 2008 financial crisis after the bank beat Wall Street estimates for…
Unsorted
Oracle to advance Indonesia cloud services plan
It will lease DayOne’s data centres located at Nongsa Digital Park on the Indonesian island of Batam Oracle will partner with DayOne Data…
Business
Richard Li’s China insurance expansion talks stall amid backlash to father’s port sale plan
The discussions were suspended shortly after the port sale was announced in early March Billionaire Richard Li’s efforts to expand his…
Business
Hong Leong Asia unit imposes equity incentive plan of 1.8 million shares at US$0.10 apiece
Its aim is to create opportunities for directors and employees of CYI and its subsidiaries to participate in its equity Hong Leong Asia on…
Business
Intel cuts over 500 jobs in Oregon as part of layoff plan
Hillsboro, a suburb of Portland, is home to some of Intel’s biggest factories and research centres Intel is cutting more than 500…
Business
New Economic Plan, Old Economic Folly
The protectionist agenda of national conservatives strikes me as nonsensical. Source link
Business
Micron sees new Singapore plant as key in plan to meet rising demand for AI-enabling chips
A new will underpin Micron Technology’s plans to produce advanced semiconductors needed for artificial intelligence (AI) applications. The…
Business
Two Chinese chip firms plan 12 billion yuan IPOs, bet US export curbs to spur growth
Two Chinese artificial intelligence chip startups are seeking to raise a combined 12 billion yuan (S$2.1 billion) in initial public…
Business
Global banks may push back on RBI’s offshore swap reporting plan
Bankers have held discussions through global financial market industry associations, which are expected to submit formal feedback to the…
Business
Masayoshi Son hints at succession plan while chasing AI ambition
Masayoshi Son acknowledged the outlines of a succession plan, addressing what may be the single biggest concern among investors, and…
Business
Wall Street forecasts windfall for big US banks from Fed plan to ease leverage rule
Large US global banks can expect as much as US$6 trillion in additional balance sheet capacity and billions in freed up capital under a…
Business
US Federal Reserve releases plan to relax key bank capital rule
The US Federal Reserve unveiled plans to roll back an important capital rule that big banks have said limits their ability to hold more…
Business
Jensen Huang starts selling Nvidia stock under US$865 million plan
IA Corp chief executive officer Jensen Huang has started selling the chipmaker’s stock, his first transactions under a plan that allows…
News
Slain ‘Project Runway’ Star’s Friends Plan Public Tribute, Finish Bride’s Wedding Dress
One week after the former “Project Runway” contestant Arthur Folasa “Afa” Ah Loo was the victim of a fatal shooting during a “No Kings”…