Leadership
Midea shares rise 4.9% in Hong Kong grey-market trading
It is poised to be the Hong Kong market’s largest debut since Kuaishou Technology listed at US$6.2 billion in early 2021CHINESE appliance maker Midea Group’s shares gained as much...
DBS has twice as many technologists as bankers in 2023: Harvard Business School study
LAST year, DBS had around 2,500 data scientists, analysts and engineers on its payroll. They formed part of the bank’s technology workforce, which is double the number of bankers...
India’s Bajaj Housing Finance more than doubles in debut, fetches US$16 billion valuation
Shares of Bajaj Housing Finance more than doubled in their trading debut on Monday (Sep 16), giving the company a market capitalisation of US$16 billion and making it India’s...
Volkswagen may book up to US$4.4 billion in provisions on capacity cuts
Volkswagen is considering shutting plants in Germany for the first time in its history Volkswagen may book up to US$4.4 billion in provisions for planned capacity cuts as early...
UniCredit starts 1.7 billion euro share buyback in top payout pledge
UniCredit said it will start repurchasing as much as 1.7 billion euros (S$2.44 billion) of its own stock as it delivers on the biggest payout pledge among European banks. The...
TikTok’s US future hangs in balance at federal court
TIKTOK will attempt to convince a federal court on Monday (Sep 16) that a law requiring the video-sharing app to divest from its Chinese ownership or face a ban...
PwC making investments for ‘high quality’ business in China, internal memo says
PWC is making “tangible investments” to ensure the Big Four firm has high quality and sustainable business in China, it said in a memo to staff after Chinese regulators on...
Oil prices inch up on Fed rate cut outlook
OIL prices edged up in early trade on Monday amid expectations of a US interest rate cut this week, though gains were capped by US supply resumptions following Hurricane...
