Leadership
US banks brace for open banking era of consumer data sharing
US BANKS will now have to give customers access to their financial data after the top consumer watchdog finalised a long-awaited rule aimed at fuelling more competition for financial...
McDonald’s linked to dozens of food poisonings, one death in US
ONE person has died and dozens have fallen sick following a severe E. coli outbreak linked to McDonald’s Quarter Pounder hamburgers, the US Centers for Disease Control and Prevention...
Amazon sets ultra-low pricing plans for Temu rival store: The Information
AMAZON.COM is imposing severe price caps on what merchants can charge for their products on a new low-cost storefront that the e-commerce giant is preparing to launch, the Information...
CapitaLand Ascott Trust to divest Tianjin property at undisclosed price
Divestment is part of the stapled group’s strategy to recycle capital and reconstitute its portfolio to enhance returns CAPITALAND Ascott Trust (Clas) has agreed to divest its property in...
Parkway Life Reit acquires 11 nursing homes in France for 111.2 million euros
PARKWAY Life Real Estate Investment Trust (Parkway Life Reit) is acquiring 11 nursing homes in France for a total consideration of 111.2 million euros (S$159.9 million). The acquisition marks...
Keppel Reit’s nine-month distributable income dips 1.9% on higher borrowing costs
KEPPEL Real Estate Investment Trust (Reit)’s distributable income fell 1.9 per cent year on year to S$160.6 million for the first nine months of the fiscal year, mainly due...
‘Blade Runner 2049’ producer sues Tesla, Warner Bros over AI images
MOVIE and television studio Alcon Entertainment on Monday (Oct 21) sued Tesla and Warner Bros Discovery over claims they used images tied to the film Blade Runner 2049 to...
Zombie companies may finally succumb to bankruptcy on Bank of Japan hikes
AFTER three decades of ultra-loose monetary policy, even small hikes in interest rates by the Bank of Japan (BOJ) are poised to fuel an increase in the number of...
