Leadership
US House passes bill to force ByteDance to divest TikTok or face ban
THE US House of Representatives overwhelmingly passed a bill on Wednesday (Mar 13) that would give TikTok’s Chinese owner ByteDance about six months to divest the US assets of...
China Everbright Water bags 30-year concession for treatment plant
CHINA Everbright Water, part of a consortium, has been granted the concession right of a wastewater treatment plant in Qingdao entailing an investment of 688.3 million yuan (S$129.4 million),...
No Signboard shareholders grill executives on share consolidation, future plans
TOP executives of beleaguered restaurant operator No Signboard on Wednesday (Mar 13) outlined their plans for the company in the near term – including the resumption of trading of...
India’s Tata Motors to build 90 billion rupee plant in Tamil Nadu
INDIA’S Tata Motors has signed a deal to build a 90 billion rupee (S$1.4 billion) manufacturing plant in Tamil Nadu, the southern state’s industries minister said on Wednesday (Mar...
Lloyds sells £6 billion of Scottish Widows annuities to Rothesay
LLOYDS Banking Group will offload a £6 billion (S$10.22 billion) portfolio of bulk annuities from its Scottish Widows subsidiary to pensions insurance specialist Rothesay Life. The portfolio includes benefits...
UBS starts job cuts at Asia wealth unit after profit slump
UBS Group started cutting jobs at its Asia private banking division this week as a slump in profits weighs on the region’s largest wealth manager, according to people familiar...
European shares scale new record highs on upbeat earnings
EUROPEAN shares opened higher to hit another record high on Wednesday (Mar 13), as upbeat corporate updates encouraged market sentiment, while investors awaited industrial production data from the region....
Zara-owner Inditex gets spring season boost from upmarket fashion
ZARA-OWNER Inditex’s sales jumped 11 per cent at constant currencies in the first half of its spring season, boosted by upmarket fashions and continuing the strong momentum that saw...
