unit
China gives Morgan Stanley approval to launch local futures unit
MORGAN Stanley has won final approval to launch a futures business in China via a newly established unit, becoming the second major US entrant in the derivatives market of...
Walt Disney forms business unit to coordinate use of AI, augmented reality
WALT Disney is forming a new group to coordinate the company’s use of emerging technologies such as artificial intelligence (AI) and mixed reality, as the media giant explores applications...
Australian consumer regulator sues Singtel unit Optus over alleged sales misconduct
THE Australian Competition and Consumer Commission (ACCC) has filed court proceedings against subsidiary Optus mobile, said Singtel in a bourse announcement on Thursday (Oct 31).The court proceedings, filed in...
Manulife cuts 2.5% of staff in wealth and asset management unit
Manulife Financial has cut hundreds of jobs in its global wealth and asset management business, representing about 2.5 per cent of the division’s staff. The move was made “in an...
First Reit’s Q3 DPU falls 6.5% to S$0.0058 as foreign currencies weaken against Singdollar, unit base grows
FIRST Real Estate Investment Trust (First Reit) posted a 6.5 per cent drop in distribution per unit (DPU) for the third quarter ended Sep 30, 2024, to S$0.0058, from...
Microsoft’s GitHub unit cuts AI deals with Google, Anthropic
MICROSOFT’s GitHub has agreed to bake artificial intelligence (AI) models from Anthropic and Alphabet’s Google into a coding assistant used by millions of software developers. At first, customers will...
Allianz weighs options for AllianzGI unit: sources
ALLIANZ is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters,...
Unit Economics is the Same for India and the US, says Pocket FM CEO Rohan Nayak
For any startup, unit economics is a critical metric for success. Most companies struggle to maintain the same unit economics when they expand internationally. Many factors, such as customer...
OUE unit to issue S$50 million in fixed-rate green notes due 2029 at 4%
AN OUE subsidiary, OUE Treasury, has proposed to issue S$50 million in green notes due 2029 at a fixed rate of 4 per cent per annum, the property player...
UK watchdog fines Volkswagen financial services unit for unfair customer treatment
The unit used poorly templated, automated communications and took away cars from vulnerable customers without considering other solutionsVOLKSWAGEN’S British financial services unit will be fined £5.4 million (S$9.2 million)...