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HSBC’s long-term vision questioned after Nelson appointment
Nelson’s elevation comes as a surprise after HSBC’s yearlong hunt for external candidates [LONDON] HSBC’s appointment of Brendan Nelson as chairman on a permanent basis raises questions about the...
Singapore Police Warn Public About Surge in Malware Scams Tied to Online Sexual Services
The Singapore police have issued a warning to the public following a rise in malware scams linked to online sexual services, with at least six victims losing a combined...
Singapore: 13 Arrested in Island-Wide Crackdown on Secret Society Activities at Entertainment and Nightlife Venues
Thirteen men, aged between 21 and 39, have been arrested on suspicion of being members of unlawful societies following a large-scale enforcement operation conducted across Singapore late last month.The...
ExxonMobil to permanently shut one steam cracker in Singapore from March: sources
The shutdown of the plant, which opened in 2002, is expected to be complete by June[SINGAPORE] ExxonMobil plans to wind down operations at the older of its two steam...
Drew & Napier, Withers to collaborate on claims against Switzerland over Credit Suisse AT1 losses
The Singapore firm has filed arbitration for Japanese claimants; expects to file for Singapore, Hong Kong groups by Q1 2026[SINGAPORE] Drew & Napier, one of Singapore’s largest law firms,...
SGX not exploring or considering bid for Cboe Australia
[SINGAPORE] Singapore Exchange said it’s not considering buying Cboe Global Markets’ Australian unit, refuting an earlier Australian Financial Review report.“The speculation reported in the AFR article and other media...
Micron to exit consumer memory business amid global supply shortage
[BENGALURU] Memory chipmaker Micron Technology said on Wednesday (Dec 3) that it will exit its consumer business, as it doubles down on advanced memory chips used in artificial intelligence...
China floods the world with gasoline cars it can’t sell at home
China’s gasoline-vehicle exports alone – not including EVs and plug-in hybrids – made it the world’s largest auto-exporting nation by volume in 2024[WARSAW] China’s electric-vehicle (EV) industry captured half its...
Race for talent is on as bankers brace for IPO boom in Vietnam
[HANOI] Vietnam’s potential upgrade to emerging-market status by FTSE Russell in September has investment banks bulking up staff in anticipation of a flood of initial public offerings (IPOs).Brokerage VnDirect...
Gold holds steady after weak US jobs data reinforce rate-cut bets
[BENGALURU] Gold prices held steady above the US$4,200 mark on Thursday (Dec 4), buoyed by weak private payrolls data that reinforced expectations of a US interest rate cut at...
Stocks to watch: Cordlife, DFI Retail Group, SingLand, Tuan Sing, Vibrant Group
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Dec 4): Cordlife : The cord-blood bank is facing claims of at least...
Nvidia’s Huang unsure whether China would accept its H200 chips
Allowing H200 sales to the Asian nation would mark a significant win for the world’s most valuable company[NEW YORK] Nvidia chief executive officer Jensen Huang said that he’s unsure...