Leadership
Tokyo’s Nikkei index ends above 40,000 for the first time
JAPAN’S key Nikkei index closed above the 40,000 mark for the first time on Monday (Mar 4), following gains on Wall Street. The benchmark Nikkei 225 index added 0.5...
As bond bears grumble, investors from Pimco to DWS gear up to buy the dip
TRADERS surprised by this year’s painful rise in bond yields are still looking to snap up United States debt given their ongoing assumption the US economy will eventually slow...
Santander cuts some 300 jobs in US branches in shift to digital
BANCO Santander has cut roughly 320 jobs in the United States as it seeks to focus more on digital operations, according to a source familiar with the matter. Spain’s...
Singapore-grown expertise anchors ComfortDelGro as it ramps up overseas operations
TRANSPORT giant ComfortDelGro (CDG) is plotting a course for growth by increasing its footprint overseas and venturing into adjacent businesses, but it is a strategy that will continue to...
US dollar dips on weak data; yen hurt by cautious BOJ
THE greenback fell against the euro on Friday (Mar 1) on weaker-than-expected US economic data, but gained against the Japanese yen after Bank of Japan (BOJ) governor Kazuo Ueda...
Asset managers are quietly purging their portfolios of tax risk
THERE’S a growing sense of unease among asset managers that companies with conspicuously small tax bills pose a financial liability too big to ignore. Federated Hermes, Robeco Institutional Asset...
Google trims jobs in trust and safety while others work ‘around the clock’
ALPHABET’S Google is laying off a handful of employees on its trust and safety team as part of broader staff cuts, even as it’s asking members of that group...
Boeing in talks to buy supplier Spirit Aero as it delays production hikes
BOEING is in talks to buy its former subsidiary Spirit AeroSystems and the planemaker is also delaying plans to ramp up 737 jetliner production as it tries to get...
