Fashion
Standard Chartered mulls sale of wealth, retail operations in Africa
STANDARD Chartered is exploring a potential divestment of its wealth and retail banking operations in Botswana, Uganda and Zambia, it said on Wednesday (Nov 27), as the banking giant restructures...
Chinese driverless-tech firm Pony AI said to raise US$260 million in US IPO
The Guangzhou-headquartered company priced its American depositary shares at US$13 eachPONY AI raised US$260 million after pricing its US initial public offering at the top of the marketed range, according...
Singapore banks, insurers in ‘good position’ to withstand severe macrofinancial shock: MAS
Most investment funds also have enough liquidity to meet redemption shocks, its liquidity stress-simulation tests have found SINGAPORE’S banks and insurers have sufficient capital and liquidity buffers to withstand potential...
Citi appoints ex-BlackRock portfolio manager Kate Moore as CIO
GLOBAL bank Citigroup announced on Wednesday (Nov 27) that it has appointed former BlackRock portfolio manager Kate Moore as its chief investment officer (CIO) for its wealth division. She will assume...
Foxconn says global manufacturing footprint to shield it from Trump’s tariffs
TAIWAN’S Foxconn said on Wednesday (Nov 27) it expects any impact of new tariffs from US President-elect Donald Trump to hit it less than its rivals, citing its global manufacturing...
Current higher yields on Singapore Savings Bonds and Treasury Bills unlikely to last: analysts
December tranche gives a 10-year average return of 2.81%; sees S$164.8 million in applications versus S$600 million on offerTHE latest Singapore Savings Bond (SSB), allotted on Wednesday (Nov 27), recorded...
Most Singapore companies able to service debt despite higher interest expense: MAS
DESPITE higher interest expenses, most companies in Singapore have been able to generate enough earnings to service their debt, said a report by the Monetary Authority of Singapore (MAS) on...
Apple misses out on big 2024 smartphone market rebound: study
GLOBAL smartphone sales rebounded strongly in 2024 after two successive years of decline, but Apple barely managed growth, an independent study showed, underscoring the speed with which Android-based rivals are...
Thai Airways plans 44 billion baht share sales to exit debt plan
THAI Airways International expects to raise as much as 44 billion baht (S$1.7 billion) from a share rights offering, the carrier’s final major step to exit a court-supervised debt restructuring...
Philip Ng raises stake in Vitasoy, prompting speculation of takeover
CEO Roberto Guidetti says it’s ‘open’ to potential business collaboration as company’s shares jumped the most on recordVITASOY International Holdings is “open” to potential business collaboration opportunities, chief executive officer...
