Leadership
Siemens set to raise 1.4 billion euros in Healthineers stake sale
SIEMENS is likely to raise about 1.4 billion euros (S$2 billion) from the sale of a roughly 2.3 per cent stake in Siemens Healthineers, the medical technology unit it...
Manulife’s profit climbs on wealth management strength, Asia growth
MANULIFE Financial posted higher fourth-quarter profit on Wednesday, bolstered by a thriving wealth and asset management business and strong growth in Asia.The results underscore the rising significance of Manulife’s...
Forever 21 plans hundreds of store closures in second bankruptcy
THE US-based operator of Forever 21 is preparing to close at least 200 more locations from the fast-fashion retailer’s shrinking store base as part of a bankruptcy process that’s...
Asia banks stick with net-zero group that Wall Street abandoned
SEVERAL large Asian banks have joined their European peers in offering support to the industry’s biggest climate alliance, after a wave of exits by Wall Street and Canadian lenders.
Singapore...
Musk’s X in talks to raise money at US$44 billion valuation, Bloomberg News reports
ELON Musk’s X social media platform is in talks to raise money from investors at a US$44 billion valuation, Bloomberg News reported on Wednesday (Feb 19), citing people familiar...
Novo seeks US$830 million from Singapore firm, accusing it of fraud over drug
Novo Nordisk is seeking as much as US$830 million in damages in a Singapore court, saying it was misled by a local biotech about the effectiveness of an experimental...
Prime US Reit posts 51.6% fall in H2 DPU as manager continues to retain funds for capex
PRIME US Reit, which focuses on office buildings in the US, saw its distribution per unit (DPU) fall 51.6 per cent to 0.11 US cent for the six months...
Singapore stocks end Wednesday higher on UOB earnings, Budget news; STI adds 0.2%
The bank’s Q4 profit of of S$1.52 billion beat analysts’ consensus forecast S$1.48 billionSINGAPORE equities closed higher on Wednesday (Feb 19), as investors digested company earnings reports and the...
