Leadership
Japan finance minister says Seven & i’s new ‘core’ tag doesn’t raise bar for buyout
FINANCE Minister Shunichi Suzuki said on Tuesday that Japanese retail giant Seven & i Holdings’ new status as a company “core” to national security would not raise additional hurdles...
Gold hovers near record high on prospects of bigger Fed rate cut
GOLD prices held steady on Tuesday (Sep 17) to hover near record highs scaled in the previous session, as markets anticipate the beginning of a US easing cycle, with...
CapitaLand Investment in talks to buy Club Med stake from Fosun
SINGAPORE’S CapitaLand Investment is in advanced talks to buy a minority stake in French luxury resort chain Club Med SAS from its Chinese owner Fosun International, according to sources...
Taiwan regulator rejects CTBC’s US$4.1 billion bid for Shin Kong
TAIWAN regulators rejected CTBC Financial Holding’s US$4.1 billion takeover bid for smaller rival Shin Kong Financial Holding, blocking the creation of what would have been the island’s biggest financial...
Amazon CEO vows leaner teams amid bloat, ends work from home
AMAZON.COM chief executive officer Andy Jassy is moving to streamline the world’s largest online retailer and cloud-computing company, cutting management layers and ordering employees to return to the office...
BlackRock shakes up private credit to chase industry leaders
BLACKROCK is overhauling its private credit business as the world’s largest asset manager races to catch up to competitors in the booming market.The firm is setting up a new...
Boeing imposes hiring freeze, takes steps to conserve cash after strike starts
BOEING is pausing hiring and taking sweeping steps to conserve cash after about 33,000 workers went on strike on Sep 13 including considering temporary furloughs for many employees, managers...
Citi taps tech chief Ryan to fix data management issues alongside COO
This comes after the bank agreed to a sweeping plan to fix its data faults in 2020CITIGROUP has tasked technology head Tim Ryan to work alongside chief operating officer...
