Leadership

Cancer test maker Grail cuts 350 jobs as part of restructuring programme
Cancer test maker Grail cuts 350 jobs as part of restructuring programme
August 13, 2024
GRAIL said on Tuesday (Aug 13) it has cut about 350 existing jobs as the diagnostics company focuses on the development of its flagship cancer-detection test Galleri, sending its...
US: Stocks close higher after favourable producer inflation data
US: Stocks close higher after favourable producer inflation data
August 13, 2024
US STOCKS closed higher on Tuesday (Aug 13) as traders responded positively to cooler-than-expected producer inflation data, bolstering expectations of a Federal Reserve interest rate cut.The producer price index...
Ong Beng Seng’s Hotel Properties trims H1 loss to S.9 million
Ong Beng Seng’s Hotel Properties trims H1 loss to S$4.9 million
August 13, 2024
Revenue increase comes amid better performance from hotels and resorts, new openingHOTEL Properties (HPL), the real estate player owned by tycoon Ong Beng Seng, on Tuesday (Aug 13) reported...
Streaming cushions Tencent Music’s second quarter revenue fall
Streaming cushions Tencent Music’s second quarter revenue fall
August 13, 2024
CHINA’S Tencent Music Entertainment reported a smaller than expected fall in quarterly revenue on Tuesday (Aug 13), cushioned by an increase in paying subscribers at its music streaming platforms. The...
Home Depot warns of sales, profit decline on weak consumer spending
Home Depot warns of sales, profit decline on weak consumer spending
August 13, 2024
Home Depot forecast a decline in annual profit and a bigger drop in its annual comparable sales on Tuesday (Aug 13), as tepid discretionary spending dashed hopes of a...
Golden Agri-Resources Q2 profit falls 27.8% to US million 
Golden Agri-Resources Q2 profit falls 27.8% to US$65 million 
August 13, 2024
MAINBOARD-LISTED Golden Agri-Resources (GAR) posted a 27.8 per cent decrease in net profit to US$65 million for the three months ended June, down from US$90 million in the previous...
Wilmar H1 profit rises 5.2% to US9.6 million on better feed, industrial and food products performance
Wilmar H1 profit rises 5.2% to US$579.6 million on better feed, industrial and food products performance
August 13, 2024
AGRIBUSINESS Wilmar International on Tuesday (Aug 13) reported a net profit of US$579.6 million for the first half ended Jun 30, up 5.2 per cent from US$550.9 million in...
IEA trims 2025 oil demand outlook as China offsets global gains
IEA trims 2025 oil demand outlook as China offsets global gains
August 13, 2024
THE International Energy Agency (IEA) kept its 2024 global oil demand growth forecast unchanged on Tuesday (Aug 13) but trimmed its 2025 estimate, citing the impact of a weakened...
Traders hope Alphabet’s pixel event can stem US0 billion rout
Traders hope Alphabet’s pixel event can stem US$360 billion rout
August 13, 2024
Alphabet Inc investors are anxiously awaiting a Google hardware event on Tuesday (Aug 13) – banking on new AI features to help stop a selloff that’s wiped out more...
DBS launches blockchain-powered treasury tokens pilot for 24/7 treasury and liquidity management
DBS launches blockchain-powered treasury tokens pilot for 24/7 treasury and liquidity management
August 13, 2024
DBS on Tuesday (Aug 13) announced the pilot launch of its blockchain-powered treasury tokens, in a tie-up with digital payment and financial services provider Ant International.  The treasury tokens,...