Leadership
Singapore stocks start week in the black ahead of Fed meeting; STI up 0.1%
SINGAPORE stocks started the week in the black on Monday (Apr 29), tracking a broader gain across regional markets as investors await a US Federal Reserve meeting later this...
China’s mega banks post rare profit drops on margin squeeze
INDUSTRIAL & Commercial Bank of China (ICBC), the nation’s largest lender, reported its first decline in quarterly profit in more than a year as margins continue to contract. Net...
Money launderer Su Baolin sentenced to 14 months’ jail
SU BAOLIN, one of the 10 foreign nationals involved with the more-than-S$3 billion money laundering case, was on Monday (Apr 29) sentenced to 14 months’ jail. Su faced 13...
Philips pays US$1.1 billion in US settlement over ventilator recall
DUTCH medical devices maker Philips said on Monday (Apr 29) it had agreed to pay US$1.1 billion in a settlement of personal injury cases in the United States related...
Shell earns US$1 billion a year from US crude trading, court filing shows
FINANCIAL details of Shell’s vast oil and gas trading business are some of the company’s closest-held secrets. Documents in a lawsuit filed by a former employee, however, revealed its...
Dollar surges past fresh 34-year high of 160 yen in morning trade
THE dollar surged past 160 yen for the first time since 1990 on Monday after a forecast-beating US inflation reading dented expectations for US interest rate cuts this year.The...
Perpetual in talks with KKR for corporate trust and wealth management unit sale
AUSTRALIA’S Perpetual has entered into exclusive talks with global investment firm KKR & Co for potential sale of its corporate trust and wealth management business, the financial services firm...
Singapore stocks decline at Monday’s open; STI down 0.3%
SINGAPORE shares fell at the opening bell on Monday (Apr 29) morning, despite gains in global markets as investors continue to look out for macroeconomic data. As at 9.01 am,...
