Leadership
Hot stock: Yoma shares surge on heavy trading after company swings back into the black
SHARES of Yoma Strategic rose as much as 12.3 per cent in early trading on Wednesday (May 29), after the mainboard-listed company reported strong earnings. As at 9.45 am,...
Lenovo to issue US$2 billion of convertible bonds to Saudi’s Alat to repay debt
LENOVO said on Wednesday (May 29) it would issue US$2 billion worth of zero-coupon convertible bonds to Alat, and had signed a collaboration agreement with the Saudi Arabian company...
LMIRT bags 2.5 trillion rupiah loan facility
Lippo Malls Indonesia Retail Trust (LMIRT) has obtained a secured amortising term loan facility of up to 2.5 trillion rupiah (S$209.5 million).The loan comes with an average life of...
American Airlines cuts profit outlook as commercial chief departs
AMERICAN Airlines disclosed the departure of its chief commercial officer and cut its profit guidance heading into the crucial summer travel season, dragging shares down across the US airline...
Siemens Energy’s Gamesa to cut 4,100 jobs, CEO says
SIEMENS Energy’s wind turbine division Siemens Gamesa is planning to cut 4,100 jobs or around 15 per cent of its workforce, the unit’s chief executive Jochen Eickholt said in...
Oil up on prospect of Opec+ holding cuts, weaker US dollar
OIL prices rose by more than US$1 a barrel on Tuesday on the expectation that Opec+ will maintain crude supply curbs at its June 2 meeting, while a weaker...
Robinhood jumps on plan to buy back up to US$1 billion of shares
ROBINHOOD Markets jumped after the retail brokerage announced a plan to repurchase as much as US$1 billion of its own shares. The firm expects the buyback programme to kick...
Singapore’s farming crunch has wider lesson: companies like grants, but prefer customers
SINGAPORE’S farms are finding it tough to turn a profit in spite of government aid. If the country is serious about its “30 by 30” target – to produce...
