Posts by Yurie Miyazawa
HSBC managers are competing to keep their jobs in CEO’s revamp
HSBC Holdings has asked hundreds of managers to reapply for jobs in the firm’s newly formed corporate and institutional banking (CIB) division, as CEO Georges Elhedery continues his hunt for ways to make the bank run more efficiently. Interviews are already underway, according to people familiar with the matter, essentially pitting senior staff who came…
Read MoreOK Lim sentenced to 17 years and 6 months in prison
LIM Oon Kuin has been sentenced to 17 years and six months imprisonment for three cheating and forgery charges by district judge Toh Han Li. Lim will be appealing the conviction and is still out on bail. Copyright The Business Times. All rights reserved.
Read MoreUOB payment services face intermittent issues on Monday morning
UOB credit and debit card payment services faced intermittent disruptions on Monday (Nov 18) morning. In a Facebook post, the lender said it is looking into the situation and will continue to provide updates as soon as it can. “Customers can continue to conduct their payment transactions by using scan-to-pay QR payment via…
Read MoreFrasers Property to redevelop Robertson Walk assets into 348 luxury homes for sale
FRASERS Property’s apartment hotel Fraser Place Robertson Walk and its adjoining commercial area, Robertson Walk, will be redeveloped into a mixed-use project with 348 residential units. On Monday (Nov 18), Frasers Property said it formed a 51:49 joint venture with Japanese construction company Sekisui House for the redevelopment that is slated to launch in 2025…
Read MoreData centre Reit listings may come calling for Singapore’s equity market as conditions turn favourable
Rising enthusiasm for AI, availability of cheaper financing due to lower interest rates among reasons cited by analysts THE data centre race is heating up, driven by rising interest in artificial intelligence (AI). And Singapore’s equity market could be a beneficiary, as operators look to the city-state as an enticing potential location to securitise their…
Read MoreLHN making the most of shared spaces
Roughly half a decade has elapsed since LHN marked its pivot into co-living with Coliwoo – which has now become a flagship brand for the mainboard-listed real estate manager. The performance of the co-living business “is a good reflection of a good transformation from the traditional leasing business into real estate as a service”, executive…
Read MoreGreenback notches weekly gain as traders reassess rate-cut expectations
THE US dollar was set for its biggest weekly gain in over a month on Friday (Nov 15), as markets reassessed expectations of future interest rate cuts and with the view that President-elect Donald Trump’s policies could be inflationary. The dollar has benefited from market expectation that Trump administration policies, including tariffs and tax cuts,…
Read MoreAluminium soars as China scraps tax sweetener that fuelled exports
Aluminium jumped on Friday (Nov 15) after China said that it would cancel a tax rebate that’s helped fuel a decades-long boom in exports and shielded an industry prone to overcapacity. Futures in London jumped as much as 8.5 per cent following the announcement from the country’s Ministry of Finance. China’s aluminium industry historically has…
Read MoreCapitaLand Investment leads buyback consideration tally in 2024 till Nov 13
SHARE buybacks can be used for employee compensation plans, such as share option schemes or employee share purchase plans, as well as for long-term capital management. As at Nov 13, nearly 80 primary-listed companies have repurchased their shares on-market this year, amounting to S$1.03 billion in buyback consideration. These share buybacks by way of market…
Read MoreTrump’s win cools gold fever but longer-term outlook remains bullish
Stronger greenback and bond yields, as well as increasing confidence in US equities and cryptocurrencies, are putting the commodity under pressure DONALD Trump’s triumph in the US presidential election has wiped out phenomenal gains in gold prices over the past two months. But market watchers remain bullish over the longer-term outlook for the precious yellow…
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