Leadership
Maersk says Red Sea disruption will cut capacity by 15-20% in Q2
The disruption to container shipping traffic in the Red Sea is increasing and is expected to reduce the industry’s capacity between the Far East and Europe by some 15...
South Korea’s probe alleges 211.2 billion won of illegal short trades
SOUTH Korea’s financial watchdog said it has so far uncovered 211.2 billion won (S$156 million) worth of illegal short trades by nine global investment banks, providing its latest formal...
Singapore stocks open in the black on Monday; STI up 0.3%
SINGAPORE shares advanced at the opening bell on Monday (May 6) morning, tracking gains in global markets. As at 9.01 am, the Straits Times Index (STI) rose 8.31 points or...
China’s CICC demotes senior bankers, cuts pay to slash costs
CHINA International Capital Corporation (CICC) is planning to demote some of its senior bankers and cut their pay, sources with knowledge of the matter said, an unusual move that...
Paramount bidders await word from special committee evaluating options
A SPECIAL committee of the Paramount Global board charged with evaluating offers for the company met on Saturday (May 4) morning, though rival bidders for the studio are awaiting...
Optus names National Broadband Network’s Stephen Rue as incoming chief
SINGTEL’S Australian subsidiary, Optus, has appointed Stephen Rue as its new chief executive (CEO) effective November 2024.Rue is CEO of Australia’s National Broadband Network (NBN) – a role which...
ETF popularity poised to stay as investors flock to diversification, stability
WHEN marketing communications manager Ong Yun Qi entered the workforce three years ago, she chose to kickstart her investing journey with equity exchange-traded funds (ETFs) and bonds.
Data centre operators seek government support as demand for green energy surges
TOTAL power demand from data centres in Singapore is expected to increase as more companies digitalise and transition to using cloud infrastructure. In view of this, market watchers say...
