Leadership
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...
Hospitality S-Reits record 21% DPU growth in FY2023
HOSPITALITY trusts recently took the spotlight as the S-Reit sub-segment reported year-on-year (yoy) growth in distribution per unit (DPU) for FY2023, bolstered by a base effect and a strong...
Lawyers who killed Elon Musk’s US$56 billion pay pact seek Tesla stock
LAWYERS for a Tesla investor who persuaded a judge to throw out Elon Musk’s US$55.8 billion pay package are making an unusual request to have their legal fees paid...
Toyota recalling 380,000 trucks over axle issue
TOYOTA Motor said on Friday (Mar 1) it is recalling about 380,000 trucks in the US over an axle issue that could increase the risk of a crash. The...
Europe: Stoxx 600 hits record high in strong start to March
EUROPE’S benchmark index hit a new record high on Friday (Mar 1) propelled by rate-sensitive stocks, with investors continuing to cheer upbeat corporate earnings while looking past data that...
