Posts by Stephanie Irvin
Seven & i says Couche-Tard’s US$14.86 per share offer is not adequate
JAPANESE retail giant Seven & i Holdings said on Friday (Sep 6) it had turned down Canada’s Alimentation Couche-Tard’s US$38.5 billion cash bid, rejecting an offer that would be the largest-ever foreign buyout of a Japanese company. 7-Eleven operator Seven & i said the takeover proposal was not in the best interest of shareholders and…
Read MoreStock to watch: Nio
THE following companies saw new developments that may affect trading of their securities on Friday (Sep 6):
Read MoreOil prices hold at 14-month low as demand worries offset big US storage withdrawal
OIL prices held at a 14-month low on Thursday as worries about demand in the US and China and a likely rise in supplies out of Libya offset a big withdrawal from US inventories and a delay to output increases by Opec+ producers. Brent futures were down 1 cent to settle at US$72.69 a barrel,…
Read MoreEurope: Shares slip on growth jitters; French stocks lead decline
EUROPEAN stocks fell on Thursday as mixed economic data spurred worries about global growth and offset gains in interest rate-sensitive sectors, with France’s CAC 40 leading national declines. The pan-European Stoxx 600 index fell 0.5 per cent, with sectors tracking healthcare, chemicals and personal goods all falling over 1 per cent. Economic worries continued to weigh…
Read MoreManaging emotional dynamics for an effective board
EFFECTIVE boards demonstrate high emotional intelligence and a steadfast commitment to continuous improvement. Boards are distinctive leadership entities. With a dual mandate of shaping strategic direction and governance frameworks, they must remain adaptable and responsive to internal and external dynamics. Positioned outside the organisational hierarchy, boards interface with both external stakeholders and management. Despite their…
Read MoreChina merges two brokerages to create 1.6 trillion yuan giant
CHINA is combining two of its largest state-backed brokerages to create a new behemoth as it seeks to consolidate the US$1.7 trillion sector amid a slump in deals. Guotai Junan Securities will merge with smaller firm Haitong Securities through a share swap, according to statements from both companies on Thursday (Sep 5). The combination…
Read MoreChina merges two brokerages to create 1.6 trillion yuan giant
CHINA is combining two of its largest state-backed brokerages to create a new behemoth as it seeks to consolidate the US$1.7 trillion sector amid a slump in deals. Guotai Junan Securities will merge with smaller firm Haitong Securities through a share swap, according to statements from both companies on Thursday (Sep 5). The combination…
Read MoreDeutsche Bank settles longest-running claim over Postbank
The bank also said it would reduce by 430 million euros the provisions it had set aside for potential future payouts Deutsche Bank has reached a settlement in its longest-running litigation over its 2008 takeover of Postbank, it said on Thursday (Sep 5). The settlement with German investment company Effecten Spiegel includes an additional payment…
Read MorePart of Airbus A350 fleet faces inspection, regulator says
A Zurich-bound jet was forced to return to Hong Kong on Monday after an engine problem, later traced to a fuel leak At least part of Airbus’s A350 fleet will be inspected as a precautionary measure, Europe’s aviation safety regulator said on Thursday (Sep 5), after an engine part failed during the flight of a…
Read MoreChinese EV maker Nio narrows Q2 loss on improved vehicle sales
Nio expects to deliver between 61,000 and 63,000 vehicles in the third quarter of FY2024 CHINESE electric vehicle (EV) maker Nio narrowed its second-quarter loss for FY2024 by 16.7 per cent to 5.05 billion yuan (S$926.6 million) on higher sales. Nio is listed in the United States, Hong Kong and Singapore. The company’s vehicle sales…
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