Lifestyle
Europe: Shares snap nine-day winning streak as Siemens weighs
EUROPEAN shares snapped a nine-day winning streak on Thursday (May 16), weighed by Germany’s Siemens after a second-quarter industrial profit miss, while a number of automobile and energy stocks...
‘No better player’ than GIC to help revitalise fortunes of Singapore stock market: observers
AS DEBATE over the need for a revitalisation of the Singapore Exchange (SGX) heats up, most market watchers that spoke to The Business Times believe it is time to...
Goldman strikes US$43 billion investing deal for UPS pension funds
Goldman Sachs Group clinched a US$43 billion mandate to invest pension fund assets of parcel-delivery company UPS, in one of the largest deals of its kind. The investment mandate...
Blackstone to buy Priority Software stake in biggest Israel deal
Blackstone has agreed to buy a majority stake in Israeli enterprise software company Priority Software at an US$800 million valuation, marking the largest deal for the alternative asset manager...
J&J to acquire Proteologix for US$850 million
JOHNSON & Johnson said on Thursday (May 16) it would acquire Proteologix for US$850 million in cash, as it looks to gain access to the privately held company’s experimental...
US dollar rebounds after falling on weaker inflation, yen ticks up
THE US dollar found a footing on Thursday (May 16) after falling sharply on Wednesday on the back of data showing a slowdown in US inflation, while Japan’s yen...
Activists disrupt Lloyds Bank shareholder meeting
Activists disrupted Lloyds Banking Group’s annual shareholder meeting in Glasgow on Thursday (May 16), protesting against its alleged provision of financial services to defence firms linked to violence in...
Deutsche Bank under fire from investors over Postbank problems
BIG investors in Deutsche Bank vented their frustration at Germany’s top lender on Thursday (May 16), describing problems at its Postbank business as a trust-damaging embarrassment.
The complaints at Deutsche’s...
