Leadership
Stocks to watch: FLCT, Paragon Reit, AA Reit, Lendlease Global Reit, Far East Orchard, SIA
THE following companies saw new developments that may affect trading of their securities on Tuesday (May 7):Frasers Logistics & Commercial Trust : BUOU 0% (FLCT): Its distribution per unit...
JPMorgan sees gain of about US$8 billion from Visa exchange offer
JPMORGAN Chase & Co said it expects to book an US$8 billion accounting gain after completing its part of a deal with Visa letting big banks restructure their stakes...
Boeing probed in US over possible falsified records on 787
US AIR safety authorities are investigating whether Boeing completed required plane inspections on the 787 and whether employees falsified aircraft records, officials said on Monday.The issue centres on whether...
Tesla lays off more staff in software, service teams, Electrek reports
ELECTRIC-vehicle maker Tesla has launched another round of layoffs including staff from the software, service and engineering departments, Electrek reported on Monday (May 6), citing emails and sources familiar...
Shell to exit South Africa’s downstream businesses
Oil major Shell will divest its majority shareholding from a local South African downstream unit after a comprehensive review of its businesses across all regions, it said on Monday...
US: Wall Street opens higher as rate-cut hopes linger
US stock indexes opened higher on Monday (May 6) as traders priced in a greater chance of the US Federal Reserve cutting interest rates this year following soft payrolls...
EU clears Nippon Steel’s US$14.9 billion purchase of US Steel
The European Commission on Monday (May 6) approved US Steel’s US$14.9 billion buyout by Japan’s Nippon Steel, saying the deal does not raise competition concerns despite the political opposition...
US dollar soft on renewed Fed rate cut bets; yen on back foot
THE US dollar was a touch lower on Monday (May 6) as a soft US jobs report on Friday boosted wagers that the Federal Reserve may still cut rates...
