Entrepreneurship
Jardine Matheson’s bid to privatise Mandarin Oriental gets shareholders’ nod
The required majority are in favour of the scheme of arrangement at US$3.35 a share[SINGAPORE] Shareholders of Mandarin Oriental International on Monday (Dec 8) voted in favour of Jardine...
US to allow Nvidia H200 chip shipments to China, says Trump
Nvidia shares rise 2% in after-hours trading after announcement; US president says same approach will apply to AMD, Intel[WASHINGTON] The United States will allow Nvidia’s H200 processors, its second-best...
Nomura sends bankers to New York, London in asset manager push
[TOKYO] Nomura Asset Management plans to relocate dozens of staff from its Tokyo headquarters to offices in cities such as London and New York to develop its homegrown talent...
PepsiCo plans layoffs as it looks to wrap up Elliott talks
Companies have frequently requested staff to work from home in recent years ahead of layoffs[WASHINGTON] PepsiCo announced a series of operational changes backed by activist investor Elliott Investment Management...
European shares subdued at close amid caution ahead of week’s Fed rate decision
Global markets have gained in the last few weeks on rising expectations of a Fed cut in December[BENGALURU] European shares ended subdued on Monday (Dec 8), with higher bond...
IBM accelerates cloud drive with US$11 billion Confluent deal as AI demand booms
Confluent provides technology needed to manage massive, real-time data streams for artificial intelligence models[WASHINGTON] IBM said on Monday (Dec 8) it will buy data infrastructure company Confluent in a...
Singapore stocks end lower amid mixed regional trading; STI down 0.5%
[SINGAPORE] Singapore stocks ended lower on Monday (Dec 8), amid mixed trading in the region.The benchmark Straits Times Index (STI) lost 0.5 per cent or 24.28 points to finish...
Metaoptics drops 18% on profit-taking after soaring for 3 months
[SINGAPORE] Shares of semiconductor optics company MetaOptics dived as much as 18 per cent on Monday (Dec 8) morning. The counter opened at S$1.26 on Monday before falling to...
Asian stocks stagger as traders prepare for expected US rate cut
[HONG KONG] Asian equities drifted on Monday (Dec 8) as investors gear up for an expected US interest rate cut this week, with debate centring on the likelihood the...
Too big to fail? IndiGo crisis exposes risks in Indian aviation
With US$9 billion in revenues and US$807 million in profits last fiscal year, the airline dominates India’s aviation sector[NEW DELHI] A wave of flight cancellations by IndiGo, India’s largest...
