Leadership
Ex-Twitter executives sue Musk for unpaid severance
FORMER top executives of Twitter sued Elon Musk on Monday saying he has failed to pay them nearly US$130 million after the billionaire took over the social media company...
JPMorgan joins French payments fray in tie-up with Visa rival
JPMORGAN & Chase will join France’s Cartes Bancaires, giving the payment network more heft to compete with United States rivals Visa and Mastercard. The Wall Street giant was the...
War insurers shrug off Rubymar sinking in Red Sea, rates stable
THE cost of war risk insurance through the Red Sea remained stable on Monday (Mar 4) despite the sinking of the Rubymar cargo ship as underwriters had already factored...
US: Wall St slips at open after recent rally; economic data on tap
US STOCK opened lower on Monday (Mar 4) after the S&P 500 and the Nasdaq’s record-closing highs in the prior session, as investors paused at the start of a...
Nvidia leaps Aramco to be world’s third most-valuable company
NVIDIA has claimed another milestone by overtaking Saudi Aramco in market value, making the chipmaker the world’s third-most valuable public company after Apple and Microsoft. The company ended Friday’s...
Chinese battery giant CATL looks to set up R&D centres in Hong Kong to underpin technology exports
CHINESE battery giant CATL is in discussions to set up research and development centres in Hong Kong to create new technologies that can be licenced abroad and within the...
JPMorgan acquires startup Layerone to boost hedge fund offerings
JPMORGAN Chase acquired LayerOne Financial, an investment management platform that was spun out from Fortress Investment Group, as it seeks to improve its offerings for hedge funds. JPMorgan’s wholly-owned...
Aviva re-enters Lloyd’s market with US$300 million acquisition
BRITISH insurer Aviva said on Monday (Mar 4) it has re-entered the Lloyd’s insurance market with a US$307 million acquisition of insurance platform Probitas. The deal includes taking over...
