Lifestyle
SEC to increase scrutiny of AI tools used by brokers, advisers
THE US Securities and Exchange Commission’s (SEC) examiners will step up scrutiny of financial firms’ use of artificial intelligence (AI) next year, the latest sign of regulators’ growing concerns...
Dyna-Mac chief AC Lim stays cool amid takeover offer tussle, remains focused on steady growth
Although he maintains that he is risk-averse, the CEO is already gunning for inorganic expansion should the Hanwha deal fall throughDYNA-MAC chief executive officer Lim Ah Cheng – better...
Maersk raises profit outlook on strong market
Danish shipping group AP Moller-Maersk said on Monday (Oct 21) it had raised its full-year forecasts on the back of strong third quarter results, robust demand and the continuing...
Disney to name CEO Bob Iger’s replacement in 2026, taps Morgan Stanley’s Gorman as chair
WALT Disney named Morgan Stanley veteran James Gorman as chair on Monday (Oct 21) and said it would announce a replacement for CEO Bob Iger in early 2026, for...
US: Wall Street opens lower as caution prevails ahead of earnings
Wall Street’s main indexes edged lower on Monday (Oct 21), pausing after gains in the previous week ahead of major earnings reports that could influence whether indexes retreat from...
Strong US economy and ‘Trump trades’ boost dollar
THE US dollar climbed on Monday (Oct 21) and cryptocurrency Bitcoin hit a three-month high as a rise in US bond yields and the looming presidential election continued to...
Syngenta seeks US$3 billion ESG loan, Asia’s biggest this year
AGROCHEMICALS giant Syngenta Group is seeking a US$3 billion sustainability-linked loan, in what would be Asia’s largest US dollar facility linked to environmental, social and governance-related metrics so far...
A lighter brown might be better than total brown in energy transition: Sembcorp CEO
THE chief executive officers of both Sembcorp Industries and Aramco highlighted the need to rely on fossil fuels, such as natural gas, in equitable energy transitions. They are among the...
UK watchdog fines Volkswagen financial services unit for unfair customer treatment
The unit used poorly templated, automated communications and took away cars from vulnerable customers without considering other solutionsVOLKSWAGEN’S British financial services unit will be fined £5.4 million (S$9.2 million)...
Enterprise Singapore and EDB to launch sustainability reporting grant in November
ENTERPRISE Singapore (EnterpriseSG) and the Economic Development Board (EDB) will launch the sustainability reporting grant (SRG) on Nov 1 to help companies produce their first International Sustainability Standards Board’s...