Leadership
Indonesia says Jiangsu Delong debt woes not affecting local operation
CHINESE stainless steelmaker Jiangsu Delong Nickel Industry assured Indonesia said its potential bankruptcy reorganisation has had no impact on its Indonesia operation so far and the firm will prioritise...
Moderna cuts 2024 sales forecast, sees low EU vaccine revenue into 2026
MODERNA on Thursday (Aug 1) cut its 2024 sales forecast for Covid-19 and respiratory syncytial virus vaccines by up to 25 per cent, or US$1 billion, due partly to...
Disney plans a new round of job cuts in its television operation
WALT Disney is planning a fresh round of job cuts in its TV division, part of an effort to reduce costs in a shrinking part of its business, according...
Japan’s Nissan, Honda to research software platform together
JAPANESE automakers Nissan Motor and Honda Motor agreed to conduct joint research into technologies for a next-generation software platform, they said in a joint statement on Thursday (Aug 1).
The...
China woes cut BMW’s auto profit margin in Q2
BMW on Thursday (Aug 1) reported a lower-than-expected profit margin in its core automotive segment during the second quarter, as heightened competition and weaker demand in China weighed on...
UOB positive on easing interest rates as loan demand picks up in Q2
For the second quarter ended Jun 30, 2024, the lender’s net profit rises 1 per cent to S$1.43 billionTHE impending ease in global interest rates will likely be beneficial...
Latest Singapore 6-month T-bill cut-off yield falls to 3.4%; SSB 10-year return at 3.1%
THE cut-off yield on the latest Singapore six-month Treasury bill (T-bill) slid to 3.4 per cent, based on auction results released by the Monetary Authority of Singapore (MAS) on...
Sembcorp inks MOUs with Panbil to pursue low-carbon industrial park projects in Batam
The proposed ventures aim to provide renewable energy solutions to light to medium industries and energy-intensive businessesSEMBCORP, through its wholly owned subsidiary Sembcorp Development, has signed memoranda of understanding...
