Leadership
GlobalFoundries sinks into the red with US$730 million Q4 loss due to impairment charge
GLOBALFOUNDRIES, which operates a wafer plant in Singapore, sunk into the red with a net loss of US$730 million for its fourth quarter ended Dec 31, 2024, compared with...
GlobalFoundries sinks into the red with US$730 million Q4 loss due to impairment charge
GLOBALFOUNDRIES, which operates a wafer plant in Singapore, sunk into the red with a net loss of US$730 million for its fourth quarter ended Dec 31, 2024, compared with...
China’s record mergers in 57 trillion yuan small banking sector raise future risks
CHINA oversaw its largest-ever wave of rural bank mergers last year, a Reuters review of official data showed, but analysts say Beijing’s efforts to tackle risks in the small...
Malaysia’s Sarawak now gets its own airline in autonomy quest
Sarawak will sign a sales and purchase agreement on Wednesday to acquire MASwingsMALAYSIA’S Sarawak state will acquire a sister company of national carrier Malaysia Airlines, its latest move to...
Alibaba’s shares soar after investors buy iPhone AI hopes
ALIBABA Group Holding’s stock surged as much as 8.6 per cent after the Information reported that Apple is working with the e-commerce pioneer to roll out artificial intelligence (AI)...
Singapore shares rise at Wednesday’s open; STI up 0.5%
SINGAPORE shares began Wednesday (Feb 12) trading in positive territory as markets abroad logged mixed results. As at 9.01 am, the Straits Times Index (STI) was up 0.5 per cent...
China quants rebound on stocks rally as investors woo new stars
CHINESE quantitative hedge funds saw a strong rebound in the final quarter of 2024, saving the industry from an otherwise bruising year marked by record drawdowns and regulatory clampdown.On...
Cordlife group CEO resigns, search for replacement ongoing
PRIVATE cord-blood bank Cordlife’s group chief executive officer Yiu Pang Fai, 35, has tendered his resignation “to pursue other opportunities” and its board of directors has accepted his decision. His...
