Posts by Mark Darwin
Jack Ma-backed Ant Group unit Anext Bank appoints CEO-designate – The Business Times
Digital wholesale bank Anext Bank, a wholly owned subsidiary of Jack Ma-backed Ant Group’s overseas unit Ant International, welcomed a new chief executive officer on Friday (Jan 24). Deputy chief executive officer and chief technology officer Kai Qiu is now CEO designate, and replaces CEO Toh Su Mei, who is leaving the bank after nearly…
Read MoreAnalysts upgrade Frasers Centrepoint Trust to ‘buy’, citing its high retail portfolio occupancy – The Business Times
ANALYSTS have upgraded Frasers Centrepoint Trust (FCT) to a “buy” rating, citing its high retail portfolio occupancy and ongoing asset enhancement initiatives (AEI) as positive signs for its outlook. The trust posted a 99.5 per cent committed occupancy for its retail portfolio for the first quarter of its financial year ending September 2025, in a…
Read MoreGold set for fourth week of gains amid Trump policy jitters – The Business Times
GOLD prices edged higher and were on track for a fourth straight weekly gain on Friday (Jan 24), as uncertainty about US President Donald Trump’s trade plans took wind out of the US dollar’s sail, boosting demand for the safe-haven asset. Spot gold edged up 0.2 per cent to US$2,760.40 per ounce, as at 0044…
Read MoreCrypto’s richest man CZ turns venture capital firm into giant family office – The Business Times
ZHAO Changpeng “CZ”, a few months out of prison and worth US$70 billion thanks to the relentless crypto rally, is turning the former venture capital arm of his Binance Holdings into a family office. Binance Labs, which oversees about US$10 billion of crypto-related assets, will be renamed YZi Labs, according to a statement on Thursday…
Read MoreMitsubishi Motors considering not joining Nissan-Honda merger, Yomiuri says – The Business Times
MITSUBISHI Motors, a junior partner of Nissan Motor, is considering not joining a planned business merger between Nissan and Honda Motor, sources told Reuters on Friday. Mitsubishi Motors plans to remain listed while continuing its cooperative relationship with both companies, three sources said on condition of anonymity because they were not authorised to speak about…
Read MoreCNN eyes 200 job cuts, streaming overhaul – The Business Times
US NEWS network CNN will shed six per cent of staff, some 200 people, the outlet said on Thursday as it embarks on a major shakeup of staffing and programming amid a deluge of political news. The broadcaster, which said overall employee headcount could remain stable with new roles created, follows other outlets restructuring amid…
Read MoreUS: Wall St subdued at open after previous session’s jump; earnings in focus – The Business Times
US main stock indexes opened flat to slightly lower on Thursday (Jan 23), as investors paused after Wall Street’s strong performance in the previous session and focused on corporate earnings, economic data and President Donald Trump’s remarks – all lined up through the day. The Dow Jones Industrial Average fell 43.2 points, or 0.10 per…
Read MoreAI Takes Over Insurance: Should You Be Worried?
Artificial intelligence is making waves across various sectors, and the insurance industry is no exception. As more companies dive into AI, questions arise about its impact on jobs, decision-making processes, and ethical considerations. There’s excitement about the potential benefits, but also concern about the possible downsides. So, should you be worried about AI taking over…
Read MoreSportswear giants Adidas and Puma weighing job cuts – The Business Times
GERMAN sportswear giants Adidas and Puma have both said they are seeking to reduce costs, including through possible job cuts, as they aim to bolster profits. Adidas said it wanted to ensure “long-term success” and had “begun examining how we can adapt our business’s structures to the reality of our work”. This could impact the…
Read MoreMeta, WhatsApp win relief as India tribunal suspends data sharing ban – The Business Times
AN INDIAN tribunal temporarily suspended a five-year data sharing ban between WhatsApp and owner Meta Platforms, a major relief for the US giant which had warned its advertising business will be affected. Meta had challenged the Competition Commission of India’s (CCI) directive issued in November that imposed a ban on data sharing between WhatsApp and…
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