Leadership
China’s CCB cuts pay of headquarters staff by at least 10%: sources
CHINA Construction Bank Corp (CCB), the nation’s second-largest commercial bank by assets, has asked employees at its headquarters to take a pay cut of at least 10 per cent,...
Singtel CEO’s pay dips to S$3.3 million for FY2024; chairman requests lower fees
SINGTEL chief executive officer Yuen Kuan Moon earned S$3.3 million for the year ended Mar 31, a slight dip of 2.9 per cent from FY2023’s total pay of S$3.4...
China’s central bank to borrow treasury bonds from primary dealers
China’s central bank said on Monday (Jul 1) that it would borrow treasury bonds from some primary dealers in open market operations in the near future, in what traders...
China 10-year yield declines to historic low as rally extends
THE yield on China’s benchmark bonds fell to a record low as investors continued to snap up the notes amid pessimism about the domestic economy.The onshore 10-year government yield...
Brokers’ take: Maybank raises Singtel target on higher valuation in associate
MAYBANK Securities has lifted its target price on Singtel by 5 per cent to S$3.40 from S$3.24, after its associate, Bharti Airtel, said last week that it would raise...
Man fined S$70,000 for insider trading of GS Holdings shares
THE Monetary Authority of Singapore (MAS) imposed a civil penalty of S$70,000 on businessman Tay Joo Heng for conducting insider trading of shares in GS Holdings, a food and...
CIMB customers discover zero, negative account balances; bank says core systems not compromised
CIMB Singapore said its core banking systems and customer accounts were not compromised, after some customers reported having zero or negative balances in their accounts.In a media reply on...
Boeing agrees deal to buy Spirit AeroSystems for over US$4 billion: sources
BOEING agreed on Sunday to acquire Spirit AeroSystems for more than $4 billion, two people familiar with the matter said, ending months of talks over a deal the US...
