Leadership
US: Stocks little changed after mixed data as Disney falls
WALL Street stocks finished a choppy session little changed on Wednesday (Apr 3) following mixed economic data while Disney retreated after winning a high-profile proxy fight.Data from payroll firm...
Ford’s US sales rise on big jump in deliveries of hybrid models
FORD Motor’s US auto sales rose 7 per cent in the first quarter on strong demand for gas-electric hybrids, despite a laborious launch of a redesigned F-150 pickup truck.The...
Amazon is cutting hundreds of jobs in cloud computing division
AMAZON.COM’S cloud division is cutting hundreds of jobs that will affect sales and marketing employees and the team developing technology for brick-and-mortar stores.
“We’ve identified a few targeted areas...
Opec+ ministers keep oil output policy steady: sources
A MEETING of the top ministers of Opec+ has kept oil output policy unchanged, three Opec+ sources said, as oil prices hit their highest in five months.
A ministerial committee...
Drugmaker seeks approval for China’s first biosimilar Ozempic
A DRUGMAKER in China has developed a biosimilar version of Novo Nordisk’s popular diabetes drug Ozempic and applied for approval to sell it there, in a potential challenge to...
HSBC chairman says Asia business spinoff ‘will not happen’
HSBC chairman Mark Tucker told the bank’s shareholders in Hong Kong on Wednesday (Apr 3) that a spinoff of its Asian business will not happen.“There is no appetite among...
Temasek appoints two new directors to its board
SINGAPORE’S Temasek Holdings has appointed two new directors to its board – Tan Chong Meng, who assumed the role on Apr 1, 2024, and Geoffrey Wong, whose appointment takes...
Passenger car COEs all rise, Category B back above S$100,000
CERTIFICATE of Entitlement (COE) premiums for passenger cars all rose in April’s first round of bidding, with the category for larger, more powerful cars rising above S$100,000 after a...