Real Estate
Hertz’s CEO to step down as car renter unwinds bet on EVs
HERTZ Global is replacing its chief executive officer in the wake of a disastrous bet on electric vehicles (EVs) that the company began unwinding in recent months. Stephen Scherr,...
Europe: Stocks falter on US rate jitters but log weekly gains
EUROPEAN shares dipped on Friday (Mar 15) as risk sentiment remained subdued due to mounting concerns the Federal Reserve may delay interest rate cuts, though strength in telecommunications stocks...
India antitrust body to probe Google’s in-app billing amid dispute with startups
INDIA’S antitrust body on Friday (Mar 15) ordered a probe into Alphabet’s Google in an ongoing dispute with local startups over its in-app billing system, saying the US company...
Drahi agrees to 1.6 billion euro Altice Media sale as debt looms
FRANCE’S billionaire Saadé family has agreed to buy Patrick Drahi’s Altice Media, including French news channel BFM TV, for a total enterprise value of 1.55 billion euros (S$2.25 billion)....
Yangzijiang Financial combines compliance and risk functions, removes chief risk officer role
YANGZIJIANG Financial will no longer have a chief risk officer from Apr 1 when it combines its compliance and risk functions under one department. The move will help the...
Singapore stocks slip on Friday amid inflation fears; STI down 0.4%
SINGAPORE shares closed lower on Friday (Mar 15), tracking a decline across most regional markets as investor sentiment was hit by inflation concerns. The benchmark Straits Times Index (STI)...
India approves new EV policy in boost to Tesla’s market entry plans
INDIA on Friday (Mar 15) said it will lower import taxes on certain electric vehicles for companies committing to at least US$500 million in investment and a manufacturing facility...
Apple reaches US$490 million settlement over CEO Cook’s China sales comments