Leadership
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...
Brokers’ take: Maybank downgrades Grab to ‘hold’ on monetisation hurdles
MAYBANK Securities downgraded its call on Grab to “hold” from “buy” and reduced its target price by 11.1 cent to US$4 from US$4.50. This came as the research house sees...
Troubled electric vehicle maker Fisker files for bankruptcy
ELECTRIC vehicle (EV) startup Fisker has filed for bankruptcy after discussions with a major automaker about an investment ended without a deal.Fisker listed assets of between US$500 million and...
Toyota shareholders re-elect chairman but question governance
AKIO Toyoda was reappointed as Toyota Motor’s chairman at its annual meeting, but the Japanese carmaker faced tough questions from shareholders over governance and an ongoing probe of vehicle...
