Leadership

Jefferies profit triples in sign dealmaking slump is ending
Jefferies profit triples in sign dealmaking slump is ending
January 8, 2025
JEFFERIES Financial Group’s profit soared on a rebound in mergers and acquisitions (M&A ) and a surge in equity-trading revenue, signs that the multiyear dealmaking slump is coming to...
Fed minutes show officials were eager to slow interest-rate cuts
Fed minutes show officials were eager to slow interest-rate cuts
January 8, 2025
FEDERAL Reserve officials in December adopted a new stance on rate-cutting amid elevated inflation risks, deciding to move more slowly in the months ahead.“Participants indicated that the committee was...
Lost in the Mail? What You Need to Know About Weekend Deliveries
January 8, 2025
Ever wondered if your mail’s going to show up on a Saturday or Sunday? You’re not alone. Understanding the weekend mail delivery schedule can save you a lot of...
Tesla poised for 1 billion euros windfall from EU’s emissions curbs
Tesla poised for 1 billion euros windfall from EU’s emissions curbs
January 8, 2025
TESLA could collect more than 1 billion euros (S$1.4 billion) in compensation from rival automakers that need help meeting tougher pollution standards in the European Union this year, UBS...
Japan flags foreign takeover of 7-Eleven owner as a national security issue
Japan flags foreign takeover of 7-Eleven owner as a national security issue
January 8, 2025
A POTENTIAL foreign acquisition of Japanese retail giant Seven & i would be “heavily related” to national security, Japan’s Economy Minister Ryosei Akazawa said on Wednesday (Jan 8).His public...
iShares MSCI Asia ex-Japan Climate Action ETF crosses US.22 billion in AUM
iShares MSCI Asia ex-Japan Climate Action ETF crosses US$1.22 billion in AUM
January 8, 2025
IN over a year since its launch, the iShares MSCI Asia ex-Japan Climate Action ETF has surpassed US$1.22 billion in assets under management (AUM). This was buoyed by a...
Geopolitical conflicts cloud Singapore fund managers’ outlook for 2025: Imas survey
Geopolitical conflicts cloud Singapore fund managers’ outlook for 2025: Imas survey
January 8, 2025
SINGAPORE fund managers are anticipating an escalation in geopolitical conflicts, which will leave a material impact on the global economy and financial markets. As a result, most do not...
China renews car trade-in subsidy to boost hybrid, EV sales
China renews car trade-in subsidy to boost hybrid, EV sales
January 8, 2025
CHINA has renewed a trade-in subsidy of up to 20,000 yuan (S$3,724) to help underpin sales of fuel-efficient vehicles, including electric cars and hybrids.Buyers who trade in an old...
Japanese chipmaker Renesas to cut less than 5% of global workforce
Japanese chipmaker Renesas to cut less than 5% of global workforce
January 8, 2025
JAPANESE chipmaker Renesas Electronics will cut less than 5 per cent of its global workforce, amounting to fewer than 1,000 positions, as it grapples with sluggish demand for its...
Cordlife’s Teo Tong Kooi resigns as chairman; Zhai Lingyun steps up
Cordlife’s Teo Tong Kooi resigns as chairman; Zhai Lingyun steps up
January 8, 2025
EMBATTLED cord-blood bank Cordlife Group announced on Wednesday (Jan 8) that Zhai Lingyun, the company’s non-independent non-executive director, has been appointed as its new chairman. This follows the resignation of...