Posts by Riah Marton
Tiktok weighs non-sale options, ByteDance’s Bill Ford says – The Business Times
BYTEDANCE is exploring a deal to keep TikTok running in the US without selling its operations there, according to board member Bill Ford. The Chinese company is looking at options for the social media app that could involve a change of control locally to ensure it complies with US legislation, General Atlantic chief executive officer…
Read MoreEV maker Nikola explores sale, partnerships with cash dwindling – The Business Times
NIKOLA is exploring options to stave off a cash crunch, including potentially selling parts or all of the company, according to sources familiar with the matter. Other possibilities under consideration include bringing on partners or raising new funds, said the sources, who asked not to be identified discussing the private effort. No decisions have been…
Read MoreCartier appeal helps Richemont reach 100 billion Swiss francs market value – The Business Times
SWISS luxury conglomerate Richemont’s stock market value surpassed 100 billion Swiss francs (S$149.2 billion) for the first time, bolstered by the appeal of its blockbuster jewellery label Cartier. The company controlled by billionaire Johann Rupert last week reported better-than-expected results in the most recent quarter, a crucial period for high-end labels that coincides with the…
Read MoreStarhill Global Reit posts 1.1% rise in H1 DPU to S$0.018 – The Business Times
STARHILL Global Real Estate Investment Trust’s (Reit) distribution per unit (DPU) rose 1.1 per cent to S$0.018 for its first half ended Dec 31, 2024, from S$0.0178 in the year-ago period. Revenue was up 1.7 per cent at S$96.3 million for the half-year period, from S$94.6 million in the corresponding period in the prior year.…
Read MoreVanke in talks to sell logistics firm stake to GIC: source – The Business Times
INDEBTED property developer China Vanke is in advanced talks to sell a controlling stake in VX Logistics to Singaporean sovereign wealth fund GIC, a person with knowledge of the matter said. The financial details of the potential transaction were not immediately known. Vanke and GIC declined to comment. State-backed Vanke has been trying to sell…
Read MoreSuntec Reit’s H2 DPU slides 13.9% to S$0.0315 – The Business Times
SUNTEC Real Estate Investment Trust’s (Suntec Reit) distribution per unit (DPU) slid 13.9 per cent to S$0.0315 for the second half of 2024 ended Dec 31, from S$0.03659 in the corresponding year-ago period. Capital distribution was absent in FY2024, its manager said in a bourse filing on Thursday (Jan 23). Suntec Reit’s distribution in FY2023…
Read MoreTariffs will leave everyone worse off, Bundesbank chief warns – The Business Times
GERMANY’S top central bank warned against trade levies, a day after US President Donald Trump reiterated a call for the European Union to buy more American oil and gas if the bloc wants to avoid tariffs. “Tariffs will have losers on both sides,” Bundesbank president Joachim Nagel told an evening reception in Davos on Wednesday…
Read MoreHyundai Motor nears GM tie-up deal; sees revenue growth slowing in 2025 – The Business Times
SOUTH Korea’s Hyundai Motor said on Thursday (Jan 23) it is in talks with General Motors to supply commercial electric vehicles to its US peer, as it expects sales growth to halve this year due to softening demand. It also flagged policy risk in the US with US President Donald Trump taking office with promises…
Read MoreJPMorgan plans major revamp of Manhattan’s Madison Avenue skyscraper – The Business Times
JPMORGAN Chase is planning a renovation of its old headquarters building at 383 Madison Avenue and will use the space to house Manhattan-based employees alongside its new tower, according to sources familiar with the matter. The bank has hired Foster + Partners to do the renovation, which will begin after its new headquarters at 270…
Read MoreJPMorgan, Goldman CEOs resist calls to roll back DEI programmes – The Business Times
JPMORGAN Chase and Goldman Sachs are pushing back on demands to roll back their diversity initiatives. In television appearances on Wednesday (Jan 22), the chief executive officers of the two New York-based firms said they are going to continue to focus on programmes to promote diversity, equity and inclusion (DEI) in their workforces and customer…
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