Leadership

IPhone maker Hon Hai sustains revenue rebound with help from AI
IPhone maker Hon Hai sustains revenue rebound with help from AI
October 6, 2024
Hon Hai Precision Industry’s revenue growth accelerated last quarter, sustaining a bounce-back as demand for the servers that drive artificial intelligence (AI) development offset weak smartphone sales.Apple’s main manufacturing...
Buybacks continue at moderate pace; Far East Orchard chair acquires shares
Buybacks continue at moderate pace; Far East Orchard chair acquires shares
October 6, 2024
INSTITUTIONS were net buyers of Singapore stocks over the five trading sessions spanning Sep 27 to Oct 3, with S$50 million of net institutional inflow, reversing the preceding five...
Labour talks to resume as Boeing strike enters fourth week
Labour talks to resume as Boeing strike enters fourth week
October 4, 2024
TALKS are set to resume next week on a new labour contract covering some 33,000 striking Seattle-area Boeing employees, both sides said Friday.As the strike entered its fourth week,...
Qatar Investment Authority joins consortium to take HK-listed ESR Group private
Qatar Investment Authority joins consortium to take HK-listed ESR Group private
October 4, 2024
HONG Kong-listed real estate fund manager ESR Group said on Friday (Oct 4) Qatar Holding has joined a consortium of investors proposing to take the company private under an...
Tencent, Guillemot family are said to consider buyout of Ubisoft
Tencent, Guillemot family are said to consider buyout of Ubisoft
October 4, 2024
TENCENT Holdings and Ubisoft Entertainment’s founding Guillemot family are considering options including a potential buyout of the French video game developer after it lost more than half its market...
Meta, challenging OpenAI, announces new AI model that can generate video with sound
Meta, challenging OpenAI, announces new AI model that can generate video with sound
October 4, 2024
FACEBOOK owner Meta announced on Friday (Oct 4) it had built a new AI model called Movie Gen that can create realistic-seeming video and audio clips in response to...
Cognac producers lament European Union EV tariff vote, raise retaliation concerns
Cognac producers lament European Union EV tariff vote, raise retaliation concerns
October 4, 2024
They insist negotiations continue for a solution that will prevent the spirit from facing a surtax FRENCH cognac producers accused their government of abandoning them, after the European Union...
Singapore stocks end higher ahead of US jobs report; STI up 0.3%
Singapore stocks end higher ahead of US jobs report; STI up 0.3%
October 4, 2024
SINGAPORE shares closed Friday (Oct 4) in the black, ahead of the US jobs data for September. The benchmark Straits Times Index (STI) climbed 0.3 per cent or 11.7...
HSBC plans risk transfer linked to 2 billion euros of corporate loans
HSBC plans risk transfer linked to 2 billion euros of corporate loans
October 4, 2024
HSBC Holdings plans to issue a significant risk transfer (SRT) linked to a portfolio of about 2 billion euros (S$2.9 billion) of corporate loans, according to people familiar with...
ECB’s chief supervisor presses for cross-border mergers
ECB’s chief supervisor presses for cross-border mergers
October 4, 2024
THE European Central Bank’s chief supervisor pressed her case for cross-border bank mergers on Friday (Oct 4) as Italy’s UniCredit considered a bid for Germany’s Commerzbank after taking a...