Units
Seven & i approaching buyers for retail, supermarkets units
SEVEN & i Holdings has approached potential buyers for its Ito-Yokado stores and supermarkets as it seeks to restructure in the face of a takeover approach from Canada’s Alimentation...
Intel rises as Amazon deal boosts struggling foundry unit’s prospects
INTEL shares jumped almost 4 per cent in early trading on Tuesday (Sep 17), as a chipmaking deal with Amazon’s cloud business gave a major stamp of approval to...
Ambani touts AI, bonus shares but stays silent on units’ IPOs
BILLIONAIRE Mukesh Ambani in his annual shareholders’ address on Thursday (Aug 29) unveiled plans for Reliance industries to develop cutting-edge artificial intelligence (AI) tools, but gave not details on...
Microsoft rejigs reporting on business units, offers clarity on AI benefits
MICROSOFT on Wednesday restructured how it reports results for its business units, moving some search and news advertising revenue under the Azure cloud-computing unit as the tech giant looks to...
HSBC said to explore sale of South Africa units to focus on Asia
HSBC Holdings is weighing a sale of its South African businesses as the lender focuses on Asian markets, according to people with knowledge of the matter.
The South African branch...
SocGen sells private banking units in push to slim down bank
SOCIETE Generale (SocGen) has agreed to sell its wealth management units in the United Kingdom and Switzerland to Union Bancaire Privée as chief executive officer Slawomir Krupa makes progress...
China Evergrande’s EV arm drops after creditors seek bankruptcy proceedings for units
SHARES of China Evergrande New Energy Vehicle fell 7 per cent in Monday (Jul 29) morning trade after individual creditors of two of its units sought court approval for...
Cordlife’s overseas units obtain re-accreditations
CORDLIFE on Thursday (Jul 25) said its Hong Kong and Malaysian subsidiaries received re-accreditations from the Association for the Advancement of Blood & Biotherapies. The association sets standards for...
