Leadership

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...
Top Glove shares climb as glove maker swings back into the black with RM50.7 million profit
Top Glove shares climb as glove maker swings back into the black with RM50.7 million profit
June 19, 2024
SHARES of Top Glove Corporation soared after the Malaysian glove maker on Wednesday (Jun 19) reported a net profit of RM50.7 million (S$14.5 million) for the third quarter ended...
Top Glove shares climb as glove maker swings back into the black with RM50.7 million profit
‘Storm has truly passed’: Top Glove swings back into the black with RM50.7 million Q3 profit
June 19, 2024
Return to profit boosted by customers replenishing their glove inventories; managing director says group well-positioned to meet growing glove demandMALAYSIAN glove maker Top Glove Corporation on Wednesday (Jun 19)...
Jaguar Land Rover to revive Freelander as a made-in-China EV
Jaguar Land Rover to revive Freelander as a made-in-China EV
June 19, 2024
A DECADE after it ceased production of the Freelander, Jaguar Land Rover Automotive is reviving the four-wheel drive car as an electric vehicle (EV) made and sold in China.The...
Taiwan’s Cathay United Bank follows client money to Singapore
Taiwan’s Cathay United Bank follows client money to Singapore
June 19, 2024
CATHAY Financial Holding, Taiwan’s largest financial firm by assets, is hiring more staff in Singapore to follow shifting regional money flows as its clients expand their presence in South-east...