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HSBC’s record annual profit marred by US$3 billion China hit; shares slide
HSBC Holdings reported a record annual profit on Wednesday (Feb 21), although it missed estimates because of a US$3 billion...
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Foreign investors flee China shares, long-delayed data shows
THE amount of Chinese shares owned by foreign investors fell in 2023 for a second straight year as the market...
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Rio Tinto profit drops 12% but iron ore giant returns more cash to investors
RIO Tinto reported a 12 per cent fall in annual underlying earnings on Wednesday (Feb 21), in line with forecasts,...
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HSBC CEO Quinn’s pay almost doubles as bonus pool gains 12%
HSBC Holdings’ chief executive officer Noel Quinn’s total pay nearly doubled to £10.6 million (S$18 million) in 2023, from £5.56m...
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AI model backed by Asia’s richest person to launch in March
A CONSORTIUM backed by Mukesh Ambani’s Reliance Industries and India’s top engineering schools aim to launch its first ChatGPT-style service...
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Sias finds Chemical Industries’ rebuttal ‘contradictory’; requests timeline to appoint new CEO
THE Securities Investors Association (Singapore), or Sias, has responded to Chemical Industries’ Feb 18 rebuttal of minority shareholder concerns with...
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More Wall Street firms are flip-flopping on climate. Here’s why.
MANY of the world’s biggest financial firms spent the past several years burnishing their environmental images by pledging to use...
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SAESL announces US$180 million expansion with EDB and JTC Corporation support
SINGAPORE Aero Engine Services Private Limited (SAESL) announced a US$180 million expansion plan at the Singapore Airshow on Wednesday (Feb...
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Australia’s Woolworths CEO quits as food price inquiry looms, half-year profit misses
WOOLWORTH Group on Wednesday said CEO Brad Banducci will retire after more than eight years at the helm, just as...
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Hong Kong bankers earn up to 46% more than Singapore peers
FINANCE and technology professionals are generally better paid in Hong Kong than in Singapore, with investment-banking analysts earning 46 per...
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