announces
Alibaba’s South Asian e-commerce giant Daraz announces layoffs in memo
ALIBABA-owned e-commerce platform Daraz Group has announced layoffs across the group to “adopt a more streamlined and agile structure”, acting chief executive officer James Dong said on Tuesday (Feb...
Chinese EV maker Nio announces tech licensing deal with Forseven
CHINESE electric vehicle maker Nio Inc’s subsidiary NIO Technology (Anhui) Co has entered into a technology licensing deal with Forseven, a unit of Abu Dhabi-based CYVN Holdings, Nio said...
BASF announces new cost saving measures at German base
CHEMICALS giant BASF on Friday (Feb 23) unveiled a cost-cutting plan worth one billion euros (S$1.5 billion) for its German headquarters, including job losses, as it struggles with slumping...
StanChart announces US$1 billion share buyback, dividend hike as 2023 profit rises 18%
STANDARD Chartered on Friday (Feb 23) reported 2023 pre-tax profit rose 18 per cent, in line with forecasts, and rewarded shareholders with a US$1 billion share buyback and a...
StanChart announces US$1 billion share buyback, dividend hike as 2023 profit rises 18%
STANDARD Chartered on Friday (Feb 23) reported 2023 pre-tax profit rose 18 per cent, in line with forecasts, and rewarded shareholders with a US$1 billion share buyback and a...
Zurich Insurance announces US$1.25 billion buyback after record profit
ZURICH Insurance posted a better than expected annual operating profit on Thursday (Feb 22) and announced a share buyback of up to US$1.25 billion, as insurers ride out the...
Qantas first-half profit drops, announces new A$400 million stock buyback
AUSTRALIA’S flag carrier Qantas Airways on Thursday posted a 12.8 per cent fall in first-half profit and announced an additional on-market stock buyback of up to A$400 million. The decline in...
Prime US Reit H2 DPU falls over 90% to US$0.0025; announces 1-for-10 bonus issue
PRIME US Reit’s distribution per unit (DPU) for the second half fell over 90 per cent year on year, as the manager opted to preserve a “substantial proportion of...
