Real Estate
Arnault gets a new No 2 as Bianchi replaces Belloni at LVMH
ANTONIO Belloni is stepping down as second-in-command to billionaire Bernard Arnault at LVMH, as the world’s biggest luxury conglomerate injects fresh blood into senior management. Belloni, known as Toni,...
SGX seeks views on proposed cap refinement on clearing member liability for multiple defaults
SINGAPORE Exchange (SGX) is seeking market feedback on proposed changes to refine the cap on a clearing member’s liability to meet default losses arising from multiple events of default....
Singapore shares little changed; STI falls 0.07%
THE rally fuelled by the US Federal Reserve’s commitment to cut rates did not carry over from Thursday (Mar 21), causing Singapore shares to close little changed on Friday...
Meituan’s revenue beats estimates after staving off ByteDance
MEITUAN’S quarterly revenue climbed 23 per cent, a sign that it’s making headway in efforts to fend off a challenge from ByteDance’s Douyin in China’s meal delivery arena. The...
Australia’s Star Entertainment top brass steps down amid Sydney casino inquiry
AUSTRALIAN company Star Entertainment’s chief executive and finance officer are departing, the beleaguered casino operator said on Friday (Mar 22), as it faces a second inquiry into its Sydney...
UK’s Legal & General shelves China business licence plan, cuts headcount: sources
BRITISH insurer and asset manager Legal & General has shelved a plan to obtain a China business licence and more than halved onshore headcount, two sources said, joining a...
Bank of Japan’s Ueda eyes future decline in bond buying
BANK of Japan Governor Kazuo Ueda said on Friday the central bank will eventually scale back its government bond purchases, but will hold off on doing so for the...
Cathay pledges full summer schedule, normal prices within a year
CATHAY Pacific Airways pledged to run its full flight schedule over Easter and the upcoming summer months without any major cancellations, chief executive officer Ronald Lam said, as he...
