Leadership
China’s Harvest Fund chairman under investigation steps down
HARVEST Fund Management, one of China’s largest asset managers, said on Friday (Aug 9) chairman Zhao Xuejun had resigned and is cooperating with authorities regarding an investigation pertaining to...
TSMC sales grow 45% in July on strong AI chip demand
TAIWAN Semiconductor Manufacturing Co’s (TSMC) revenue rose 45 per cent in July, accelerating its pace of growth from the June quarter and bolstering hopes for sustained strong demand for...
Microsoft researchers report Iran hackers targeting US officials before election
THE breaches were part of Iranian groups’ increasing attempts to influence the US presidential election in November, the researchers said in a report that did not provide any further...
Europe: Stoxx 600 recovers early losses on US jobs data relief
The Stoxx 600 closed 0.1 per cent higher, after a sharp early decline in technology stocks knocked the pan-European index down over 1 per cent intraday.Data showed weekly US...
Eyeing a turnaround, Kelly Ortberg takes helm as Boeing CEO
BOEING’S new CEO Kelly Ortberg began work on Thursday (Aug 8) at the embattled aviation giant, vowing closer attention to operations as the company seeks to rebound from stumbles...
Yen flip-flops in volatile trading, keeping investors wary
THE yen hit choppy trading on Thursday (Aug 8) after a sharp drop the day before in a volatile week in which investors have had to digest the unwinding...
Geo Energy H1 profit drops 2% to US$26.7 million
INDONESIAN coal producer Geo Energy Resources posted a 2 per cent decline in net profit to US$26.7 million for its first half year ended Jun 30, from US$27.1 million...
Siemens profit beats market view on software but outlook remains guarded
SIEMENS beat quarterly earnings forecasts on Thursday (Aug 8), helped by demand for electricity infrastructure and production software, but warned some customers were hesitant to invest amid uncertainty over...
Hong Leong Finance H1 net profit up 12.9% to S$52.6 million on higher net interest income
HONG Leong Finance posted a 12.9 per cent rise in net profit to S$52.6 million for the half year ended Jun 30, from S$46.6 million in the same period...
Singaporean David Yong from Netflix’s Super Rich In Korea faces more fraud charges, denied bail
SINGAPOREAN businessman David Yong was on Thursday (Aug 8) handed two new charges over falsifying accounts in relation to a promissory note arrangement involving Evergreen Group Holdings.
The 37-year-old chief...