Leadership
OCBC sets up division for innovation and sustainability, picks Fairprice’s Elaine Heng as head
OCBC announced on Tuesday (Feb 27) its plan to set up a division named Group Strategy, Innovation and Sustainability, under the bank’s slate of moves to solidify its strategic...
Singapore stocks close lower as traders eye macro data, STI down 0.4%
SINGAPORE shares ended Tuesday (Feb 27) in the red, against a mixed bag of results in other regional stock markets, as investors waited for the release of a slew...
Alibaba leads record deal to create US$2.5 billion China AI firm
ALIBABA Group Holding led the largest single financing round for a Chinese artificial intelligence (AI) startup, the latest in a string of sizeable investments that suggest the e-commerce firm...
Alibaba leads record deal to create US$2.5 billion China AI firm
ALIBABA Group Holding led the largest single financing round for a Chinese artificial intelligence (AI) startup, the latest in a string of sizeable investments that suggest the e-commerce firm...
StanChart suspends new investments from clients via China’s outbound channel
STANDARD Chartered has suspended new investments by its clients in China into offshore products via a quota-based channel, the bank said, amid a surge in demand for overseas investments...
Samsonite considers options after takeover interest, including going private
SAMSONITE International is considering options after receiving takeover interest from suitors including buyout firms, sources familiar with the matter said. The Hong Kong-listed luggage maker is working with advisers...
Asia: Markets mostly lower as traders await fresh data
ASIAN markets began on Tuesday mostly lower after record-setting gains last week, with traders eyeing the release of fresh economic data this week that could offer a better sense...
Chipmaker Broadcom sells remote-access unit to KKR in US$4 billion deal
CHIPMAKER Broadcom is selling a unit that allows users to access desktops and applications from any device to private-equity firm KKR in a US$4-billion deal to streamline its portfolio...
