Leadership

Hedge fund Dymon expands central Hong Kong office, bucking trend
Hedge fund Dymon expands central Hong Kong office, bucking trend
June 4, 2024
HEDGE fund firm Dymon Asia Capital is expanding in Hong Kong’s central business district, at a time when the city is seeing record premium office vacancies and declining rental...
Maersk faces significant port congestion in Asia, Mediterranean
Maersk faces significant port congestion in Asia, Mediterranean
June 3, 2024
MAERSK faces significant terminal congestion in Mediterranean and Asian ports, causing substantial delays in its vessel schedule, the Danish shipping group said on Monday (Jun 3).As a result of...
Microsoft to lay off hundreds at Azure cloud unit, Business Insider reports
Microsoft to lay off hundreds at Azure cloud unit, Business Insider reports
June 3, 2024
MICROSOFT is cutting hundreds of jobs at its Azure cloud unit, Business Insider reported on Monday (Jun 3), adding to a flurry of layoffs seen in the technology and...
Indonesia law giving religious groups mining permits sparks outrage
Indonesia law giving religious groups mining permits sparks outrage
June 3, 2024
A new law allowing the Indonesian government to grant permits to religious organisations to operate mines has outraged environmentalists in the world’s leading nickel producer.Outgoing President Joko Widodo, popularly...
NYSE Equities investigating technical issue regarding LULD bands
NYSE Equities investigating technical issue regarding LULD bands
June 3, 2024
NYSE Equities said on Monday (Jun 3) it was currently investigating a reported technical issue regarding Limit Up-Limit Down (LULD) bands, sending dozens of stocks listed on the exchange...
NYSE Equities investigating technical issue regarding LULD bands
NYSE resolves glitch that led to volatility pause for dozens of stocks
June 3, 2024
NYSE Equities said on Monday (Jun 3) it had resolved a reported technical issue regarding Limit Up-Limit Down (LULD) bands that sent dozens of stocks, including Berkshire Hathaway and...
Airline body Iata calls for airline taxation to remain in carriers’ headquartered country
Airline body Iata calls for airline taxation to remain in carriers’ headquartered country
June 3, 2024
THE United Nations should not change a convention on how global airlines are taxed, the International Air Transport Association (Iata) said on Monday (Jun 3), cautioning that doing so...
Spotify raises US prices of its premium plans in margin push
Spotify raises US prices of its premium plans in margin push
June 3, 2024
SPOTIFY raised prices for its premium plans in the US on Monday (Jun 3), the latest step by the Swedish music-streaming service in its push to increase margins. On a...
Industry observers launch non-profit to encourage better performance among SGX listcos
Industry observers launch non-profit to encourage better performance among SGX listcos
June 3, 2024
A GROUP of industry observers have set up a non-profit organisation to encourage better performance of companies listed on the Singapore Exchange (SGX) through research and engagement. Called the Corporate...
Tencent, Tencent Music to pick up 10% stake in Thailand’s GMM Music for US million
Tencent, Tencent Music to pick up 10% stake in Thailand’s GMM Music for US$70 million
June 3, 2024
Thai entertainment platform GMM Music on Monday (Jun 3) said Tencent and Tencent Music Entertainment will acquire a 10 per cent stake in the company for US$70 million, solidifying...