Leadership
US: S&P 500 opens at record high on retail sales data, chip stocks boost
Wall Street’s main indexes jumped on Thursday (Oct 17), with the S&P 500 notching up a record high as an upbeat forecast from TSMC boosted semiconductor stocks, while a...
Blackstone’s credit arm is now its top business, fuelling profits
BLACKSTONE posted an increase in third-quarter profit as its credit arm was boosted by an influx of investor cash and became its biggest business by assets.
Distributable earnings climbed 5.5...
Nokia cuts 2,000 jobs in China, 350 in Europe as part of cost cuts: sources
NOKIA has laid off close to 2,000 people or about a fifth of its employee base across Greater China and plans to cut another 350 jobs across Europe as...
Goldman Sachs, Morgan Stanley sell combined US$11 billion in bonds
GOLDMAN Sachs and Morgan Stanley sold a combined US$11.3 billion in investment-grade bonds on Wednesday (Oct 16), after both banks posted earnings that surpassed analyst expectations.Both sales came a...
Hyundai Motor India set to price shares at top of range to raise US$3.3 billion
The price is at the top of the 1,865 rupees to 1,960 rupees range flagged to investors when the deal was launchedHyundai Motor India is set to price its...
Singapore stocks climb at Thursday’s open after key export data; STI up 0.7%
SINGAPORE shares were trading higher on Thursday (Oct 17) morning, following news that the city-state’s key exports in September grew 2.7 per cent year on year, extending the 10.7...
Stocks to watch: Sembcorp, Parkway Life Reit, Yeo Hiap Seng
THE following companies saw new developments that may affect trading of their securities on Thursday (Oct 17): Sembcorp: The group’s renewables subsidiary Sembcorp Green Infra bagged a contract for...
Toyota joins with Hyundai’s Boston Dynamics on AI-powered robots
TOYOTA Motor’s research unit and Hyundai Motor’s Boston Dynamics are joining forces to speed up the development of humanoid robots with artificial intelligence (AI).The partnership will pair Toyota Research...
