Leadership
Olam Agri proposes to acquire Australia’s Namoi for A$122 million
OLAM Group’s indirect 64.57 per cent-owned subsidiary, Olam Agri, has launched a non-binding indicative offer to acquire all shares in Australian-listed cotton ginning company Namoi Cotton for A$122 million...
Hermes faces US lawsuit over ‘refusal’ to sell Birkin bag
FASHIONISTAS desperate to get their hands on an exclusive Birkin handbag are suing Hermes in California on grounds the company won’t sell them one unless they buy other luxury...
Oil slips as investors weigh Fed rate decision
OIL prices fell on Wednesday as the US Federal Reserve held interest rate steady and demand concerns continue to weigh. Brent crude futures for May settled down US$1.43, or 1.64...
Undervalued Singtel needs boost from stronger Optus performance: analysts
SINGAPORE telco giant Singtel on Mar 13 rubbished a news report – for the second time in two months – claiming it intends to sell its stake in Australian...
No Signboard controlling shareholders offload all shares for S$500,000; executive chairman resigns
NO SIGNBOARD’S controlling shareholder and executive chairman, who collectively hold 55 per cent of the company’s shares, have agreed to sell all their shares to three investors for S$500,000....
Hindenburg shorts data centre firm Equinix alleging inflated profit metric
HINDENBURG Research on Wednesday (Mar 20) disclosed a short position in data centre firm Equinix that operates as a real estate investment trust (Reit), alleging exaggerated profitability metric amid...
US: Muted start for Wall Street as attention turns to Fed
WALL Street was range bound at open on Wednesday (Mar 20) as investors awaited the conclusion of the Federal Reserve’s meeting, where it is widely expected to keep interest...
Southwest Airlines reaches tentative agreement with flight attendants’ union
SOUTHWEST Airlines said on Wednesday (Mar 20) it reached a tentative agreement with its flight attendants’ union for a new contract covering nearly 20,000 cabin crew members. The airline’s...
