Leadership

China detains investment bankers, takes passports in corruption sweep
China detains investment bankers, takes passports in corruption sweep
CHINA is turning up the heat on its army of 8,700 investment bankers. After being forced to take big pay cuts and adhere to other belt-tightening measures under President...
Boeing faces possible strike on Friday over labour contract
Boeing faces possible strike on Friday over labour contract
BOEING faces a possible strike as early as Friday if most of the US planemaker’s factory workers in the Pacific Northwest vote on Thursday to back a work stoppage...
Grand Venture Technology confirms it’s ‘in discussions’ for secondary listing on Bursa Malaysia
Grand Venture Technology confirms it’s ‘in discussions’ for secondary listing on Bursa Malaysia
The manufacturing service provider has not made an application to the authorities as talks are ongoingGRAND Venture Technology has confirmed that it is in discussions for a secondary listing...
Don Agro to acquire stakes in Russian oncology clinic business for 3 billion roubles
Don Agro to acquire stakes in Russian oncology clinic business for 3 billion roubles
DON Agro International’s wholly owned subsidiary, JSC Tetra, has proposed to purchase stakes in a Russian oncology clinic group for 3.04 billion roubles (S$43.7 million), said the company on...
Don Agro to acquire stakes in Russian oncology clinic business for 3 billion roubles
Don Agro unit to acquire stakes in Russian oncology clinic business for 3 billion roubles
DON Agro International’s wholly owned subsidiary, JSC Tetra, has proposed to purchase stakes in a Russian oncology clinic group for 3.04 billion roubles (S$43.7 million), said the company on...
China hot pot chain plans US expansion to escape slump at home
China hot pot chain plans US expansion to escape slump at home
CHINESE hot pot chain Haidilao said it will focus on expanding further into established foreign markets in the coming years, notably the United States, working to draw new customers...
Germany lines up with Spain against EU tariffs on Chinese EVs
Germany lines up with Spain against EU tariffs on Chinese EVs
GERMAN Chancellor Olaf Scholz joined Spanish Prime Minister Pedro Sanchez in calling for the European Union to drop its plan to impose extra tariffs on Chinese-made electric vehicles (EVs),...
Commerzbank preps defence for possible uniCredit takeover
Commerzbank preps defence for possible uniCredit takeover
COMMERZBANK’s executive board is reviewing its defence strategy as it prepares for a potential takeover approach by UniCredit.The German bank, which was surprised by UniCredit’s disclosure of a 9...
US banks extend fall as investors assess executives’ sobering forecasts
US banks extend fall as investors assess executives’ sobering forecasts
US BANK stocks fell in early trading on Wednesday (Sep 11), extending declines sparked by warnings of a slower-than-anticipated recovery in investment banking and an expected hit to interest...
Food Empire to invest US million in new coffee manufacturing facility in Vietnam
Food Empire to invest US$80 million in new coffee manufacturing facility in Vietnam
The move is part of the group’s diversification strategy to grow its ingredients businessFOOD and beverage company Food Empire is investing US$80 million in a new freeze-dried soluble coffee...