Leadership
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...
Embraer says Boeing will pay US$150 million for withdrawal from tie-up talks
BOEING will pay Embraer a gross amount of US$150 million over its decision to walk away from talks for a commercial aviation tie-up in 2020, the Brazilian planemaker said...
Nestle gets rare ‘sell’ rating as Morgan Stanley adds to tide of growing scepticism
NESTLE received a rare negative rating as Morgan Stanley turned bearish on the consumer-goods giant, adding to a recent turn in the tide of analyst opinion.Shares in the maker...
