Real Estate
GoPro to cut 15% of workforce in restructuring push
ACTION camera maker GoPro said on Monday (Aug 19) it would cut about 15 per cent of its workforce this year, as part of a restructuring plan to reduce...
Stocks to watch: Keppel, Japfa
THE following companies saw new developments that may affect trading of their securities on Tuesday (Aug 20): Keppel: The asset manager on Tuesday inked a memorandum of understanding with...
ECB’s Rehn says growth risks bolster case for September cut
INCREASING risks to Europe’s growth outlook have reinforced the case for a policy adjustment when the European Central Bank (ECB) meets next month, according to Governing Council member Olli...
Saudi wealth fund’s returns boosted by global markets rally
SAUDI Arabia’s sovereign wealth fund said returns rose last year driven by local investments and gains on its international portfolio.The Public Investment Fund’s (PIF) annualised returns since 2017 rose...
Soft landing bets for US economy lift investor sentiment; STI up 0.1%
STI constituent Hongkong Land leads the gain, up 3.2%; Yangzijiang Shipbuilding is at the bottom, down 2.3% SINGAPORE shares rose on Monday (Aug 19), amid expectations of a soft...
Thailand’s Ratanarak Group buys out Jardine Cycle’s Siam City stake for US$354 million
Its controlling shareholder, Sunrise Equity, which is part of the Ratanarak Group made an offer for 76.1 million shares in Siam City for 160 baht apieceThe Ratanarak Group, which...
Singtel partners Bridge Alliance to offer GPU-as-a-Service in South-east Asia
AIS in Thailand, Malaysia’s Maxis and Telkomsel in Indonesia are among the early adopters of the offeringSINGTEL and Bridge Alliance – a mobile alliance with 35 member operators globally...
Chinese copper exports fall from record as local demand rebounds
CHINESE copper exports dropped last month from an all-time high, as domestic buyers took advantage of the metal’s rapid retreat in price.Exports of unwrought copper and products fell 40...
