Leadership
Oil posts weekly loss as markets weigh Chinese demand
OIL prices closed 1 per cent lower on Friday (Mar 8) and fell even more for the week as markets remained wary of soft Chinese demand even as producer...
Simba focuses on customer experience, expansion into fibre broadband to further narrow losses
AS THE fourth local telco with just shy of 900,000 subscribers as at end-November 2023, Simba Telecom, formerly known as TPG Singapore, has made its mark on the industry.Since...
US dollar slips as data keeps rate cut hopes intact
THE greenback slipped against the euro on Friday (Mar 8) after data showed US job growth accelerated in February, but a rise in the unemployment rate and moderation in...
Unit of CapitaLand Ascott Reit trustee issues S$120 million of 3.7% notes due in 2029
THE managers of CapitaLand Ascott Real Estate Investment Trust (CapitaLand Ascott Reit) and CapitaLand Ascott Business Trust said on Friday (Mar 8) that Ascott Reit MTN – a wholly-owned...
Red Sea crisis could fan Asia’s inflation anew, delay rate cuts
ASIA could see slower economic growth and a resurgence of inflation as escalating violence in the Red Sea snarls shipping between the region and their trade partners in the...
BP claws back £1.8 million from former CEO Looney’s 2023 pay
BP CLAWED back £1.8 million (S$3.1 million) from former CEO Bernard Looney’s 2023 pay package following his dismissal on Dec 13 for failing to disclose past relationships with employees,...
Female customer assets under management up 35% from end-2020: UOB
UOB on Friday (Mar 8) said its total assets under management from female customers has grown over the last five years, rising 35 per cent between end-2020 and 2023...
TSMC’s sales gain 9.4% in first two months after AI boost
TAIWAN Semiconductor Manufacturing’s revenue rose 9.4 per cent in 2024’s first two months, riding a wave of global AI development that’s helping offset potential fallout from slowing iPhone sales....
Banks drive Australian shares to record high on firming rate-cut bets
AUSTRALIAN shares ended at a record high on Friday (Mar 8), boosted by interest rate-sensitive financial stocks, while investors continued to bet on monetary policy easing after the US...
Sabana unitholders vote for 8 of 10 resolutions at EGM on trustee’s handling of internalisation
UNITHOLDERS of Sabana Industrial Reit have voted for nearly all the resolutions proposed by activist investor Quarz Capital Asia.The 10 resolutions, tabled at the extraordinary general meeting (EGM) on...