Leadership

Citi sees AI displacing more finance jobs than any other sector
Citi sees AI displacing more finance jobs than any other sector
June 19, 2024
CITIGROUP said artificial intelligence (AI) is likely to displace more jobs across the banking industry than in any other sector as the technology is poised to upend consumer finance...
Europe: Shares lose ground on real estate, tech losses
Europe: Shares lose ground on real estate, tech losses
June 19, 2024
EUROPEAN shares ended lower on Wednesday (Jun 19), pressured by losses in real estate and technology stocks, while UK stocks were buoyed by metal miners as investors digested its...
Japan’s stock market revival could hold lessons for Singapore despite fundamental differences
Japan’s stock market revival could hold lessons for Singapore despite fundamental differences
June 19, 2024
SINGAPORE’S stock market has been languishing in recent years amid low liquidity and a dearth of new listings. This is in stark contrast to Japan’s public market, for example, where...
KitKat maker sees chocolate demand ebbing as cocoa costs creep in
KitKat maker sees chocolate demand ebbing as cocoa costs creep in
June 19, 2024
CONSUMERS will probably cut back on chocolate as this year’s historic cocoa rally gradually trickles down to manufacturers and forces them to raise prices, a Nestle executive warned. Cocoa futures...
Amazon invests US billion to expand cloud and logistics in Germany
Amazon invests US$11 billion to expand cloud and logistics in Germany
June 19, 2024
German Chancellor Olaf Scholz praised the investment that would create more than 4,000 jobs this yearAmazon will invest US$10.75 billion as demand for its cloud services and retail goods...
UK probes Hewlett Packard Enterprise’s US billion deal for Juniper Networks
UK probes Hewlett Packard Enterprise’s US$14 billion deal for Juniper Networks
June 19, 2024
The Competition and Markets Authority has until Aug 14 to decide whether it would refer the deal to a deeper probeBritain’s competition regulator said on Wednesday (Jun 19) it...
STI inches up 0.1% on Wednesday, tracking US rally
STI inches up 0.1% on Wednesday, tracking US rally
June 19, 2024
SHARES in Singapore continued its rally on Wednesday (June 19), tracking overnight gains in the US.The S&P 500 and Nasdaq hit new records the night before, with chip company...
Swiss regulator rules out UBS antitrust action over Credit Suisse deal
Swiss regulator rules out UBS antitrust action over Credit Suisse deal
June 19, 2024
Switzerland’s financial regulator ruled on Wednesday (Jun 19) that the UBS takeover of Credit Suisse did not create any competition concerns, despite recommendations from the country’s antitrust watchdog that...
Trafigura proposes employee share clawbacks for confidentiality breaches: sources
Trafigura proposes employee share clawbacks for confidentiality breaches: sources
June 19, 2024
COMMODITY trader Trafigura sent a letter last week to current and former employees proposing share clawbacks for breaches of confidentiality and its code of conduct, two sources with knowledge...
Chinese automakers seek retaliatory tariffs on EU cars, state media reports
Chinese automakers seek retaliatory tariffs on EU cars, state media reports
June 19, 2024
CHINESE automakers have urged Beijing to retaliate against Brussels’ decision to place curbs on Chinese electric vehicle (EV) exports by raising tariffs on imported European petrol-powered cars, the state-backed...