Lifestyle
Government cuts industrial land supply on confirmed list by 30% in H2
The five confirmed sites are in Jalan Papan, Lok Yang Way, Tuas Bay Drive, Kaki Bukit and Tukang Innovation Drive THE government has launched five sites on the confirmed...
UBS revamps how it sells private asset funds as demand booms
It will combine the bank’s fund selection of its Global Wealth Management division and its institutional asset management businessUBS Group is seeking to cement its position as top-five player...
Mercedes-Benz spending more than previously planned on combustion engines
MERCEDES-BENZ is investing more than previously planned in combustion engine technology, including 14 billion euros (S$20.3 billion) this year on its passenger cars, its chief executive told German publication...
SpaceX tender offer said to value company at record US$210 billion
SPACEX will sell insider shares at US$112 apiece in a tender offer, a higher-than-expected price that boosts the value of Elon Musk’s space and satellite company closer to US$210...
BP halts hiring, slows renewables roll-out to win over investors
BP’S new CEO Murray Auchincloss has imposed a hiring freeze and paused new offshore wind projects as he places a renewed emphasis on oil and gas amid investor discontent...
GXS Bank receives S$229.5 million capital injection from backers
GXS Bank has received a S$229.5 million capital injection from backers Singtel and Grab, according to regulatory filings with the Accounting and Corporate Regulatory Authority of Singapore.Grab took up...
BlackRock muscles into private assets market for wealth clients
BLACKROCK is expanding further into private-markets investing, striking a new partnership to include the assets alongside traditional exchange-traded funds and mutual funds in model portfolios pitched to wealthy US...
London Metal Exchange looks to set up warehouse in Hong Kong
THE London Metal Exchange (LME) is exploring setting up its first warehouse in Hong Kong for metals delivery as it seeks to strengthen services across Asia. “We recently commissioned...
