Leadership
Shell plans wide cuts in oil exploration division, sources say
Shell plans to scale back its oil and gas exploration and development workforce by 20 per cent as CEO Wael Sawan widens his cost-saving drive to the highly profitable...
Tan Chong sinks into the red in H1 with HK$35.9 million net loss
AUTO dealer Tan Chong International posted a net loss of HK$35.9 million (S$6 million) for the first half of its 2024 fiscal year ended Jun 30 – a reversal...
Retail offering of 99 Speed Mart’s IPO, Malaysia’s largest in seven years, oversubscribed
THE retail offering for the initial public offering (IPO) of Malaysia’s top mini-market chain 99 Speed Mart Retail has been oversubscribed by 3.04 times, the issue’s manager said on...
Gold prices firm with US inflation data in focus
GOLD prices edged up on Thursday, aided by a weaker dollar and hopes of a Federal Reserve interest rate cut, while focus turned to a key US inflation print.Spot...
Federal Reserve official says it is ‘time to move’ on rate cuts, but wants to be sure
FEDERAL Reserve Bank of Atlanta President Raphael Bostic on Wednesday said that with inflation down farther and the unemployment rate up more than he anticipated, it may be “time...