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Stellantis offers US employees buyouts in new round of job cuts
Stellantis offers US employees buyouts in new round of job cuts
July 30, 2024
STELLANTIS will offer voluntary buyouts to United States employees as the carmaker looks to cut costs amid slumping profits.Non-unionised US workers from vice-president level and below in certain functions...
Goldman tops Morgan Stanley in value for first time since 2020
Goldman tops Morgan Stanley in value for first time since 2020
July 30, 2024
FOR the first time since the throes of the pandemic, Goldman Sachs is worth more than its longtime Wall Street rival Morgan Stanley.Goldman shares rose 2.6 per cent on...
Prada sales jump as Chinese shoppers splash out in Japan with weak yen
Prada sales jump as Chinese shoppers splash out in Japan with weak yen
July 30, 2024
Prada sales jumped as the Italian fashion group continued to see strong growth amid a wider slowdown in the luxury industry.Net revenue in the first half grew 17 per...
CapitaLand Ascendas Reit posts 2.5% drop in H1 DPU to 7.524 cents
CapitaLand Ascendas Reit posts 2.5% drop in H1 DPU to 7.524 cents
July 30, 2024
INDUSTRIAL property player CapitaLand Ascendas Reit (Clar) saw distributions per unit (DPU) fall 2.5 per cent for the half-year ended June, amid an enlarged unit base and higher finance...
MAS raps registered fund manager, its CEO for not complying with regulatory requirements  
MAS raps registered fund manager, its CEO for not complying with regulatory requirements  
July 30, 2024
THE Monetary Authority of Singapore (MAS) has reprimanded registered fund manager RVP One and its chief executive for breaching the Securities and Futures (Licensing and Conduct of Business) Regulations....
Glencore to announce future of coal mining business next week
Glencore to announce future of coal mining business next week
July 30, 2024
The coal business is one of Glencore’s most profitable units, driving record returns in recent yearsGlencore said it will announce whether it plans to spin off its coal business...
India’s RBI must retain focus on food inflation, economists say
India’s RBI must retain focus on food inflation, economists say
July 30, 2024
A TOP Indian government adviser’s suggestion that policymakers cut out volatile food prices while targeting inflation met with scepticism from many economists, who say it’s inappropriate to ignore the...
Brokers’ take: Analysts cut Raffles Medical earnings estimates after results miss
Brokers’ take: Analysts cut Raffles Medical earnings estimates after results miss
July 30, 2024
ANALYSTS have cut their earnings estimates for Raffles Medical after the company released lower-than-expected earnings for the first half ended Jun 30. RHB lowered its target price to S$1...
Bank of Japan likely to focus on cutting 10-year bond buying, data suggests
Bank of Japan likely to focus on cutting 10-year bond buying, data suggests
July 30, 2024
A PLANNED cut to the Bank of Japan’s (BOJ) bond purchases will probably focus on seven to 10-year notes, data on the BOJ’s debt portfolio suggests.The monetary authority’s holdings...
Samsung begins closing gap in making AI memory chips for Nvidia
Samsung begins closing gap in making AI memory chips for Nvidia
July 30, 2024
SAMSUNG Electronics, after a series of setbacks in developing the type of memory chips crucial for the artificial intelligence (AI) market, is beginning to make progress in narrowing the...