Leadership
Lulu Retail seeks to raise up to 5.27 billion dirhams in UAE’s biggest IPO this year
LULU Retail Holdings, which runs one of the Middle East’s biggest hypermarket chains, said on Monday (Oct 28) it aims to raise up to 5.27 billion dirhams (S$1.9 billion)...
Broadway Industrial Group receives privatisation offer with S$0.197 per share cash option
ENGINEERING solutions provider Patec Group has made a mandatory conditional cash offer to take Broadway Industrial Group private at S$0.197 in cash a share, it was announced on Monday...
Olympus CEO exits after allegation he bought illegal drugs
OLYMPUS pushed out its chief executive officer after investigating an allegation he purchased illegal drugs, a stunning exit for the German native after less than two years at the...
Gold eases as US dollar strengthens, traders await Fed policy cues
GOLD prices declined on Monday (Oct 28), pressured by a stronger US dollar, while investors awaited fresh signals regarding the Federal Reserve’s monetary policy trajectory.Spot gold fell 0.5 per...
PBOC adds outright reverse repo to monetary policy toolbox
CHINA’S central bank is introducing so-called outright reverse repurchase agreements as a monetary policy tool.The People’s Bank Of China (PBOC) will conduct monthly outright reverse repos with primary dealers,...
Boeing plans over US$15 billion capital raise as soon as Monday
BOEING is planning to launch a capital hike as early as Monday (Oct 28), according to sources familiar with the matter, in an offering that would help the beleaguered...
Google to develop AI that takes over computers: report
ALPHABET’S Google is developing artificial intelligence (AI) technology that takes over a web browser to complete tasks such as research and shopping, The Information reported on Saturday (Oct 26).Google...
Elon Musk tweet on Tesla union push ruled protected speech
A FEDERAL appeals court ruled the National Labor Relations Board (NLRB) exceeded its authority by ordering Elon Musk to delete a 2018 tweet telling Tesla workers they’d lose stock...
