Real Estate
Firms that peg CEOs’ pay to ESG goals must be clear how it fits with their strategy
SHOULD a chief executive’s salary be bumped up if the company reduces its carbon emissions or improves on the gender diversity of its board? More companies are mulling this...
China’s Antfin sells Zomato stake worth US$341.5 million
CHINA’S Antfin sold a 2.1 per cent stake in Indian food delivery platform Zomato worth US$341.5 million on Wednesday (Mar 6), stock exchange data showed. The stake sale comes...
Fidelity International to cut 1,000 jobs globally, memo shows
FUND management giant Fidelity International is planning to cut around 1,000 jobs globally in 2024, equivalent to around 9 per cent of its headcount, according to an internal company...
Digital Core Reit proposes to raise stake in Frankfurt data centre by 24.9%
DIGITAL Core Reit (real estate investment trust) has agreed to raise its stake in a data centre in Germany by 24.9 per cent to 49.9 per cent. However, the...
Crypto’s US$800 billion rally widens beyond record-setting Bitcoin
SMALLER cryptocurrencies are starting to pull ahead of record-setting Bitcoin as traders bet the tokens are next in line to test all-time peaks. An index tracking the bottom half...
Singapore stocks rise amid mixed regional showing; STI up 0.9%
SINGAPORE shares ended higher on Wednesday (Mar 6), amid mixed trading in the region. The benchmark Straits Times Index (STI) was up 0.9 per cent or 29.04 points to...
Women CEOs down to 12.5% in Singapore in 2023: MSCI report
FEWER women are leading Singapore’s large and mid-cap companies as chief executive officers, with the figure dipping 1.1 percentage points to 12.5 per cent. This bucks the trend in...
Morgan Stanley cuts 9% China fund unit staff amid market rout: sources
MORGAN Stanley has laid off about 9 per cent of its staff at its asset management business unit in China, two people with direct knowledge of the matter said,...
