Real Estate
UOBKH initiates ‘buy’ call on Oiltek with S$1.22 target price on strong order book
UOB Kay Hian (UOBKH) has initiated a “buy” call on vegetable and edible oil engineering process company Oiltek, with a target price of S$1.22. Oiltek is trading at 15...
IFC, HSBC inks US$1 billion risk-sharing facility to boost trade financing in emerging markets
The two will equally share the risk on a portfolio of trade-related assets held by emerging-market banks in 20 countriesTHE International Finance Corporation (IFC), the World Bank’s private finance...
Bank of America promotes 387 employees to managing director: source
Bank of America (BOA) has promoted 387 employees to managing director roles in 2024, 16 per cent more than last year, a source familiar with the matter said on...
Adobe forecasts fiscal 2025 revenue below estimates on slower subscription spending
PHOTOSHOP maker Adobe forecast fiscal 2025 revenue below Wall Street estimates on Wednesday (Dec 11), indicating the company’s investments to weave artificial intelligence (AI) into its software applications were...
Stability, rich talent pool in South-east Asia drive double-digit growth for Citi across inter-Asean trade corridors
Governments in the region are welcoming of supply chain shifts, says the bank’s co-head of corporate banking THE South-east Asia region is favoured for its relative stability, geographic location and...
Trek 2000 International chairman Wayne Tan and ex-chairman Henn Tan named in legal dispute with Osim founder
Ron Sim alleges the two made fraudulent misrepresentations before he acquired shares of Trek 2000 in 2015THE CURRENT and former chairmen of mainboard-listed technology company Trek 2000 International (Trek)...
Zara owner Inditex’s sales growth slows as holiday shopping begins
INDITEX, the owner of Zara, reported slower sales growth at the outset of the crucial holiday shopping season.
The Arteixo, Spain-based retailer said revenue, excluding currency swings, grew 9 per...
TikTok Shop goes live for Spain, Ireland in Europe rollout
TIKTOK’S in-app shopping feature has gone live for users in Spain and Ireland, marking the first steps in an expansion of ByteDance’s fastest-growing business across Europe.TikTok Shop officially debuted...
