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STI ends 1.4% higher on broad optimism, Budget boost
SINGAPORE shares extended the previous day’s gains on Friday (Feb 16), staying in positive territory throughout the trading session, including during Finance Minister Lawrence Wong’s Budget 2024 speech. The...
Morgan Stanley seeks up to US$1 billion in GE HealthCare shares
MORGAN Stanley is seeking as much as US$1.1 billion for a block of GE HealthCare Technologies shares as part of a debt-for-equity swap, people familiar with the situation said....
HSBC to improve ties with Hong Kong unit Hang Seng to mitigate risk
HSBC plans to tighten risk management at Hong Kong unit Hang Seng Bank due to worries about a potential rise in bad loans amid growing economic headwind and property...
Nikkei soars to within sight of all-time peak, closes at 34-year high
JAPAN’S benchmark Nikkei rallied to 34-year highs on Friday (Feb 16) and was on the cusp of eclipsing the all-time peak reached during the hey days of the nation’s...
EU privacy watchdogs urged to oppose Meta’s paid ad-free service
EUROPE’S privacy enforcers should oppose Meta Platforms’ paid no-ads subscription service launched in Europe last November because it requires users to pay a fee to ensure their privacy, a...
Australian winemakers bet on expected China reopening with big shipments to Hong Kong
AUSTRALIAN winemakers have shipped millions of bottles of wine to Hong Kong in a bet that China will soon lift tariffs on Australian wine and revive a trade worth...
Nike to cut 2% of workforce as sportswear giant seeks savings
NIKE will slash its global workforce by about 2 per cent as the sportswear giant pushes on with efforts to reduce costs to counter a weaker sales outlook and...
SIC flags breaches by advisers Allen & Gledhill, DBS during 2022 Mapletree merger
LAW firm Allen & Gledhill (A&G) and DBS were found to have breached the Singapore Code on Take-overs and Mergers while acting as advisers to the manager of Mapletree...
