Leadership
Retailer Express holds talks for bankruptcy financing
RETAILER Express is asking its lenders for funds to help finance a potential Chapter 11 bankruptcy process, according to sources with knowledge of the plans. Express, which sells mid-priced...
Intel discloses US$7 billion operating loss for chipmaking unit
INTEL on Tuesday (Apr 2) disclosed deepening operating losses for its foundry business, a blow to the chipmaker as it tries to regain a technology lead it lost in...
OCBC said to be exploring redevelopment of iconic Chulia Street property
OCBC is said to be exploring a redevelopment of its Chulia Street property, which sits on more than 120,000 square feet of land in Singapore’s central business district.The Business...
Alibaba makes second biggest ever quarterly share repurchase worth US$4.8 billion
ALIBABA Group has bought back shares worth US$4.8 billion in the quarter ended March, the Chinese e-commerce giant said on Tuesday (Apr 2), in its second biggest-ever repurchase after...
WeWork predicts US$8 billion in rent savings after bankruptcy ends
BANKRUPT coworking company WeWork is nearly finished shrinking its money-losing real estate portfolio and could leave court protection by the end of next month, the troubled firm said.By abandoning...
Singapore stocks track regional gains on Tuesday; STI rises 0.4%
SINGAPORE shares finished in the black on Tuesday (Apr 2), mirroring regional markets. The local bourse’s blue-chip barometer, the Straits Times Index, expanded 0.4 per cent or 12.83 to...
Vistara, co-owned by SIA, cancels over 50 flights as India’s aviation authorities keep tabs
INDIA’S civil aviation ministry said on Tuesday (Apr 2) it was monitoring a surge in flight cancellations by Vistara as the airline grapples with a shortage of pilots, while...
Lego billionaires’ cash pile grows as portfolio swings to profit
THE billionaire owners of the Lego empire reported a 5.9 per cent rise in profits, helped by a turnaround in its investment portfolio.
The Kirkbi group’s net income rose to...
