Leadership
Chinese broker Futu cuts 5% of staff as global expansion slows
CHINA’S online brokerage Futu Holdings is reducing its headcount by about 5 per cent as it reassesses the firm’s strategy to expand globally.Responding to social media posts over large...
South Korea’s AI chip investor announces plan for share buybacks
SK SQUARE, the holding company of SK Hynix, a maker of artificial intelligence chips, on Thursday (Nov 21) announced a plan to buy back shares and nominate an independent...
India’s Adani Group sees US$22 billion in value wiped off after US indictments
SHARES of Adani Group companies lost about US$22 billion in market value in early trade on Thursday (Nov 21) after US prosecutors charged the billionaire chairman of the Indian...
Sinochem may keep bankrupt refineries as auctions draw scant interest: sources
SINOCHEM Group may keep three bankrupt oil refineries located in eastern China after auctions to sell them drew little interest from other companies, sources familiar with the matter said.The...
Kioxia market value set at 750 billion yen, Japan chipmaker to receive listing approval: sources
BAIN-BACKED Kioxia will have a market value of about 750 billion yen (S$6.5 billion) based on the indicative price for its initial public offering (IPO), with the chipmaker to...
Hyundai unveils big electric SUV in fast-growing market
HYUNDAI Motor unveiled its first three-row electric SUV on Wednesday (Nov 20), pushing into a market for big family cars that global automakers hope will one day be a...
Blackstone invests US$500 million in Lancium AI buildout
BLACKSTONE invested more than US$500 million in Lancium, which is building more than five gigawatts of data centres in West Texas with an eye on supplying the booming energy...
Social media giants face A$50 million fines under Australia ban
GLOBAL social media firms could face fines of as much as A$50 million (S$43.7 million) if they fail to enforce the Australian government’s new social media ban on children...
