Lifestyle
HSBC cutting staff numbers by 900 at China Pinnacle unit: sources
HSBC is reducing staff numbers at its China digital wealth business Pinnacle by nearly half, or about 900 people, two sources said, a sharp reversal of the bank’s ambition...
Singapore shares gain ground; STI rises 0.3% despite Yangzijiang Shipbuilding dive
The three local banks show mixed performance, with DBS declining while OCBC and UOB advance SINGAPORE equities climbed on Thursday (Feb 27) as investors took stock of company earnings....
Centurion’s planned Reit will do the ‘heavy lifting’ of its assets, says CEO
The group hopes to “rationalise its assets” in a way that will help them to grow biggerPURPOSE-BUILT accommodation operator Centurion Corporation said on Thursday (Feb 27) that the proposed...
Quick takes: What observers are saying about the CDL boardroom tussle
One observer says the group could have better corporate governance, while another says its core businesses will remain unaffectedA BATTLE for board control erupted within property giant City Developments...
China Aviation Oil H2 profit falls 8.1% to US$36 million
CHINA Aviation Oil (CAO) reported a 8.1 per cent fall in net profit to US$36 million for the second half ended Dec 31, from US$39.1 million in the previous...
Hong Kong exchange’s 2024 profit rises 10% on higher trading revenues
HONG Kong’s bourse operator reported on Thursday a 10 per cent rise in profit in 2024, beating forecasts, bolstered by a sharp jump in trading revenues after China’s announcement...
PepsiCo’s Apac CEO Tan Wern-Yuen to join Hillhouse Investment
PEPSICO’S Asia-Pacific CEO and global chief commercial officer, Tan Wern-Yuen, is set to join private equity firm Hillhouse Investment in March.The Business Times understands that the executive will lead...
Bain Capital mulls US$10 billion sale of Rocket Software: sources
PRIVATE equity firm Bain Capital is weighing options, including a sale, for Rocket Software that could value the US automation software provider at as much as US$10 billion, including...
