Lifestyle
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...
LMIRT upsizes loan facility to 4.5 trillion rupiah
LIPPO Malls Indonesia Retail Trust (LMIRT) upsized its term loan facility to 4.5 trillion rupiah (S$371.8 million) from 2.5 trillion rupiah previously. The original loan – obtained in May...
All major US banks pass Federal Reserve’s 2024 ‘stress test’
ALL 31 big US banks have passed the Federal Reserve’s annual “stress test” designed to assess how well they would fare in a major financial crisis, the US central...
Only 1 in 10 Singapore listcos shows how boards make major stakeholder decisions: study
The survey of 80 Singapore-listed firms also finds that large-cap companies outperform smaller enterprises in investor relationsALTHOUGH the vast majority of Singapore-listed companies recognise that businesses should allocate more...
