Leadership
US: Wall Street mixed after PPI data; Tesla weighs on Nasdaq
US stock indexes were mixed at the open on Friday (Oct 11), as traders kept bets on a 25-basis-point Federal Reserve rate cut in November intact after producer prices...
US: Wall Street mixed after PPI data; Tesla weighs on Nasdaq
US stock indexes were mixed at the open on Friday (Oct 11), as traders kept bets on a 25-basis-point Federal Reserve rate cut in November intact after producer prices...
CapitaLand Ascendas Reit to divest industrial asset in Singapore at S$45.3 million premium
CAPITALAND Ascendas Reit (Clar) is divesting an industrial property at 21 Jalan Buroh in Singapore for S$112.8 million. This is nearly double the original purchase price of S$58.4 million, when...
Wells Fargo profit beats forecasts as provisions shrink, shares rise
WELLS Fargo’s profit beat analysts’ expectations in the third quarter, helped by resilience in wealth management and lower provisions for credit losses, which sent its shares up 3.5 per...
BlackRock hits US$11.5 trillion of assets as private markets grow
BLACKROCK pulled in US$160 billion of client cash to its long-term investment funds last quarter, pushing the world’s largest money manager to a record US$11.5 trillion of assets as...
UOB launches career transition initiative, to reskill up to 500 employees
FROM the fourth quarter of 2024, up to 500 UOB employees in operations and administrative roles will be selected over the next two years to participate in the bank’s...
Bain sought US$10 billion valuation for Japan’s Kioxia, investors only wanted to pay half
Investors pushed Bain Capital to almost halve the valuation it was seeking for Japan’s Kioxia in an IPO, leading the US buyout firm to scrap its plans for an...
Japan to suspend Nomura from bond group after manipulation
JAPAN’S Ministry of Finance plans to temporarily exclude Nomura Holdings from taking part in government debt auctions after the firm admitted to manipulating the bond futures market, according to...
