Plans
Chinese companies axe IPO plans amid listing scrutiny
COMPANIES have scrambled to scuttle plans for initial public offering in China this year as the securities watchdog tightens rules on share listings in a bearish market. Forty-seven companies...
Reddit users say share plans ‘beginning of the end’
Redditors are reacting with anger as the social media platform files to become publicly listed. Source link
BASF plans more German cuts even as group profit set to rebound
GERMANY’S BASF will slash another one billion euros (S$1.5 billion) in annual costs at its Ludwigshafen headquarters, citing weak demand and high energy costs in its home market, highlighting...
Reddit strikes $60M deal allowing Google to train AI models on its posts, unveils IPO plans
SAN FRANCISCO -- Reddit has struck a deal with Google that allows the search giant to use posts from the online discussion site for training its artificial intelligence models...
Rivian, Lucid tumble as slowing EV demand upsets ramp-up plans
RIVIAN Automotive and Lucid Group tumbled on Thursday (Feb 22) after their earnings reports pointed to the impact of slowing electric-vehicle demand on their costly ramp-up plans. Rivian tanked...
BYD announces new stock buyback and plans more luxury models
BYD is planning to repurchase more shares, the automaker said in a filing on Sunday (Feb 18), as it seeks to revive a stock price slump resulting in a...
Macquarie plans to cut stake in UK gas network operator
MACQUARIE Group has joined US-based Federated Hermes to look to collectively sell stakes in UK’s gas network operator Cadent worth £1.3 billion (S$2.2 billion), the Financial Times reported on...
Airbus plans special dividend, takes new space charge
EUROPE’S Airbus unveiled a special dividend on Thursday after posting higher 2023 results, buoyed by resurgent demand for jetliners and despite a fresh charge of 200 million euros (S$289.2...
