Leadership
Healthcare S-Reits outperform in February
According to First Reit’s 2.0 Growth Strategy, rolled out in FY2021, it aims to have more than 50 per cent of assets under management (AUM) from developed markets by...
Earnings focus reduces buybacks and director acquisition filings
INSTITUTIONS were net sellers of Singapore stocks over the five trading sessions through to Feb 22, with S$141 million of net institutional outflow, as 10 primary-listed companies conducted buybacks...
Bezos, Nvidia join OpenAI in funding robot startup
JEFF Bezos, Nvidia Corp and other big technology names are investing in a business that is developing human-like robots, according to people with knowledge of the situation, part of...
Blackstone CEO Schwarzman received US$896.7 million in pay, dividends in 2023
BLACKSTONE chief executive Steve Schwarzman took home US$896.7 million in pay and dividends last year, a 29 per cent decline from his record take in 2022, according to a...
Bosch to cut around 6% of jobs at home appliance division
BSH Hausgeraete, the home appliance division of automotive supplier Bosch, will cut around 3,500 jobs, or about 6 per cent of its workforce, by 2027, its CEO Matthias Metz...
Chip giant TSMC shifts away from hotspot Taiwan with Japan plant
TAIWANESE chip giant TSMC is set to open an US$8.6 billion plant in Japan on Saturday as the firm moves some of its crucial hardware manufacturing away from its...
US judge approves US$4.3 billion penalty for crypto giant Binance
BINANCE Holdings, the world’s biggest cryptocurrency exchange, is to pay US$4.3 billion for violations of anti-money laundering and sanctions laws in a settlement approved by a US judge on...
Europe: Shares end week at record highs on earnings boost
EUROPEAN shares closed at a record peak for a second day on Friday (Feb 23) after gains in Standard Chartered following a strong earnings report, while comments from European...
