Leadership
Porsche, BMW need Germany pivot for way out of crisis
GERMANY’S auto industry is in crisis. Sales have declined while production costs soared, leaving Volkswagen, Mercedes-Benz Group and hundreds of parts makers dangerously behind in the transition to electric...
HSBC 2024 profit beats estimates; announces US$2 billion share buyback
HSBC reported a 6.6 per cent rise in annual profit on Wednesday (Feb 19), beating market expectations, as income withstood the impact of falling interest rates during a year...
Hong Kong eyes crypto derivatives, margin lending in digital asset push
HONG Kong is considering approving derivatives and margin lending in virtual assets for some investors, its financial regulator said on Wednesday (Feb 19), as the city seeks to boost...
Singapore evolves to meet commodity sector’s changing needs amid trade tensions: EnterpriseSG’s Cindy Khoo
IN A much more complex global trade environment, Singapore will focus on growing new trade flows, specialised trade expertise and technologies to meet the commodity sector’s changing needs, said...
FTX estate begins to repay bankrupt exchange creditors in cash
The initial distributions are being made through crypto companies BitGo and KrakenTHE estate of bankrupt crypto exchange FTX has begun distributing cash to creditors more than two years after...
FTX refunds: Temasek, BlackRock, SoftBank, Sequoia, Tom Brady, Shaquille O’Neal likely beneficiaries
AFTER more than two years of hand-wringing, creditors of bankrupt crypto exchange FTX are heaving a sigh of relief as the trading platform’s estate starts paying cash back to...
UOB hits a fresh high, with Singapore’s STI reaching yet another record
At the open, the counter edges up 1.3 per cent or S$0.50 to an all-time high of S$39.15SHARES of UOB rose to a new high on Wednesday (Feb 19)...
Norinchukin CEO plans to resign after massive bond losses
A government panel of experts has urged Norinchukin to diversify its bond-heavy portfolio and bring in more outside talentNORINCHUKIN Bank chief executive officer Kazuto Oku plans to resign to...
