Leadership
UPS breaks with Amazon to take ‘control of own destiny’
UNITED Parcel Service (UPS) suffered its biggest one-day share drop after shocking the market by slashing business with the world’s largest online retailer.
The move to scale back business...
Higher casino takings drive MBS’ revenue for Q4 2024
MARINA Bay Sands (MBS) posted a 7.2 per cent rise in net revenue to US$1.14 billion for the fourth quarter ended Dec 31, 2024 amid ongoing renovation and refurbishment...
CapitaLand Ascott Trust acquires two freehold hotels in Japan for 21b yen
CAPITALAND Ascott Trust (Clas) has acquired two freehold limited-service hotels in Japan – ibis Styles Tokyo Ginza and Chisun Budget Kanazawa Ekimae – for 21 billion yen (S$178.5 million). The...
Sats acquires remaining 15% stake in Sats Food Solutions (Thailand)
The unit will serve as a centre of excellence for large-scale fresh frozen production in the group’s food solutions networkCATERING and ground handling company Sats has acquired the remaining...
Musk-Trump bromance turns X debt from burden to asset for Morgan Stanley
JUST a few months ago, Morgan Stanley was stuck with billions of US dollars of unloved debt tied to Elon Musk’s controversial 2022 buyout of social-media platform Twitter. It...
BOJ must maintain monetary support, says governor Ueda
BANK of Japan governor Kazuo Ueda said on Friday (Jan 31) the central bank must maintain loose monetary policy to ensure underlying inflation gradually accelerates towards its 2 per...
Singtel’s Optus secures A$1.95 billion in credit facility with 12 banks
SINGTEL’S Australian subsidiary, Optus, has inked a A$1.95 billion (S$1.64 billion) committed revolving credit facility with 12 banks to refinance its existing credit facilities, as well as for general...
US DOJ sues to block Hewlett Packard Enterprise’s US$14 billion Juniper deal
THE US Department of Justice has sued to block Hewlett Packard Enterprise’s US$14 billion deal to acquire networking gear maker Juniper Networks, arguing that it would stifle competition, according...
