Leadership
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...
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...
