Leadership
Stocks to watch: Yangzijiang Shipbuilding, CapitaLand Investment, Dasin Retail Trust, Sembcorp Industries
THE following companies saw new developments that may affect trading of their securities on Tuesday (Dec 3):Yangzijiang Shipbuilding: The maritime vessel maker announced on Monday that it had secured another...
Big Pharma’s bet on China biotech is a rare trade bright spot
AT A time when geopolitical tensions are hitting industries from semiconductors to electric vehicles, pharmaceutical dealmaking has become a rare bright spot for collaboration between China and the West....
Microchip says it will shut Arizona plant, updates outlook
MICROCHIP Technology, a maker of chips for cars, consumer devices and other products, said it would close a plant in Tempe, Arizona, affecting about 500 employees.The company also said...
Castle Water to offer £4 billion equity to rescue Thames Water
Castle Water will offer to inject £4 billion (S$6.82 billion) into Thames Water this week to help save the beleaguered utility from administration, according to a person familiar with...
CapitaLand Malaysia Trust to acquire Selangor logistics property for RM180 million
CAPITALAND Malaysia Trust (CLMT), a subsidiary of CapitaLand Investment, has entered into a sale-and-purchase agreement to acquire a freehold automated logistics property in Selangor, Malaysia, for RM180 million (S$54.2...
St James’s Place to cut around 500 jobs, source says
The cuts represent nearly a sixth of the company’s workforce of around 3,200 peopleBritish wealth manager St James’s Place is planning to make around 500 layoffs in the coming...
New US solar tariffs on South-east Asia to raise prices, cut profit margins
A NEW round of US solar panel import tariffs on South-east Asian producers is expected to raise consumer prices and cut into producer profit margins, but was largely anticipated...
Yangzijiang Shipbuilding bags US$2.63 billion in contracts
This takes the group’s shipbuilding contracts to US$14.3 billion in the year to dateMARITIME vessel maker Yangzijiang Shipbuilding said on Monday (Dec 2) that it has secured another US$2.6...
