Entrepreneurship
Australian shares post worst week in 2½ years as bank stocks bleed
Australian shares closed lower on Friday (Feb 21), rounding off their worst week in nearly two-and-a-half years, as banking stocks went on a seven-session losing streak that was exacerbated...
Abrdn in talks to launch China asset management venture with Citic unit: sources
ABRDN is in advanced talks with Citic Bank to launch an asset management joint venture in China, two sources with knowledge of the matter said, as the British firm...
BlackRock resumes talks with companies following SEC guidance
BLACKROCK has restarted its investment stewardship meetings with companies after a short pause used to assess new US Securities and Exchange Commission (SEC) guidelines about the influence of asset...
Rex International falls 21.9% to S$0.168 on heavy trading after profit warning
SHARES of multinational oil exploration and production company Rex International fell on Friday (Feb 21) morning in heavy trading after the company said it was expecting to post a...
Citigroup scraps diversity goals, ‘DEI’ term under Trump pressure
CITIGROUP is ending workplace representation goals and removing requirements to interview job candidates from diverse backgrounds, citing pressure from the Trump administration.The bank will no longer have “aspirational representation...
Billionaire investor Ryan Cohen boosts stake in Alibaba to US$1 billion: WSJ
BILLIONAIRE investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba Group to roughly US$1 billion in recent months, The Wall Street Journal (WSJ) reported on...
Trump tariff worries set gold on course for eighth straight weekly gain
GOLD prices were little changed on Friday (Feb 21) but remained on track for an eighth successive weekly gain, driven by concerns over US President Donald Trump’s tariff plans,...
StarHub H2 net profit up 7.5% at S$78.4 million
STARHUB on Friday (Feb 21) posted a net profit of S$78.4 million for the second half of its financial year ended December, up 7.5 per cent from S$72.9 million...
Singapore Oil Hub Opportunities Amid US Tariff Uncertainty
The city-state may be able to leverage its robust infrastructure and strategic location to help companies adjustWITH US tariffs shaking up global trade, Singapore could profit by leveraging its...
Rivian records first gross profit as EV policy risks loom
RIVIAN Automotive recorded its first-ever quarterly gross profit to close out 2024, achieving a long-held goal even as it warned that policy shifts in Washington may weigh on its...
