Leadership
Barclays’ UK corporate bank to cut costs by £100 million, expand lending
BARCLAYS will cut about £100 million (S$172 million) of annual costs from its UK corporate banking business by 2026, it said on Tuesday (Jun 18), under broader plans to...
Greenback pares gains after US retail sales miss expectations in May
THE US dollar pared gains against the euro on Tuesday (Jun 18) after retail sales data indicated signs of exhaustion among US consumers, boosting the case for Federal Reserve...
Vodafone to sell 10% stake in India’s Indus Towers for up to US$1.1 billion
Vodafone Group will sell about 10 per cent stake in India’s Indus Towers for as much as US$1.1 billion on Wednesday (Jun 19), per a term sheet seen by...
French watchdog asks court to fine Carrefour over franchise operations
FRANCE’S finance ministry has asked a court to fine retailer Carrefour over contracts with franchisee stores that it says were unbalanced in its favour, it said on Tuesday (Jun...
Strong momentum in India’s economic activity seen sustaining, says central bank chief
Strong momentum in India’s economic activity has continued in the first quarter of the new financial year that started in April, with private investment also picking pace, Reserve Bank...
Berkshire Hathaway boosts stake in Occidental Petroleum to nearly 29%
BILLIONAIRE Warren Buffett’s Berkshire Hathaway acquired another 2.95 million shares in Occidental Petroleum, a regulatory filing showed, bringing his stake in the US oil producer’s common stock to nearly...
Hitachi to plan selling stake in Johnson Aircon JV
Hitachi is planning to sell its 40 per cent stake in an air-conditioning joint venture with Johnson Controls International, according to people familiar with the matter. Such a move would...
More central banks to increase gold reserves within 12 months
More central banks plan to add to their gold reserves within a year and more of them expect others to do so as well, due to ongoing macroeconomic and...
CapitaLand Investment adopts cooling-as-a-service at flagship Singapore properties
CapitaLand Investment (CLI) will adopt cooling-as-a-service (Caas) systems in Raffles City Singapore, Plaza Singapura and The Atrium@Orchard, the global real asset manager announced on Tuesday (Jun 18). This comes amid...
