News
Blackstone’s Schwarzman takes home more than US$1 billion in pay and dividends
BLACKSTONE chief executive officer Steve Schwarzman collected just over US$1 billion in pay and dividends in 2024, putting the spotlight on the billionaire’s wealth just as Washington takes aim...
Grubhub cuts 23% of staff after Wonder deal, signals changes
GRUBHUB is cutting about 23 per cent of its workforce and set the stage for more changes at the company following its takeover by Wonder Group, the owner of...
More tech layoffs hit Bay Area, as HP, Autodesk announce job cuts
Another round of layoffs hit the Bay Area’s volatile tech industry.HP Inc. plans to lay off up to 2,000 more employees as the company looks for ways to slash...
ECB’s multi-trillion payments breakdown sends shudders through Europe
BANKS struggled to process payments on Friday (Feb 28), after an unprecedented day-long breakdown in the European Central Bank’s machine underpinning trillions of euros of money movements.
The ECB said...
‘Stripping away any meaningful authority’ of CDL’s chairman is a ‘coup’: Kwek Leng Beng
CITY Developments Ltd executive chairman Kwek Leng Beng has alleged that his son’s denial of an attempted coup “misses the point”, in yet another twist to the father-son/board tussle...
Yeo Hiap Seng’s H2 profit up 9% on Oatly compensation, higher sales
Its board proposed a final dividend of S$0.02 per share, unchanged from the previous corresponding periodHIGHER sales volumes and compensation from oat milk maker Oatly lifted the net profit...
SGX sees ‘robust’ IPO pipeline as Singapore explores ‘sweet spot’ to draw listings
The Republic could also attract regional firms seeking access to international markets, says SGX’s head of global sales and originationSINGAPORE will need to find its “sweet spot” as it...
Far East Orchard H2 net profit down 29.4% on lower fair value gains, higher costs
HOSPITALITY and student housing player Far East Orchard’s net profit fell 29.4 per cent to S$40.7 million for the six months ended Dec 31, 2024, hit by lower fair...
Who’s still playing Pokémon Go? Ask any of the 48,000 people at this Rose Bowl event
On the golf course just outside the Rose Bowl in Pasadena, thousands of people stride across the grass, phones in their hands and eyes on their screens.“Who has a...
Temasek-backed companies should not face obligation to list in Singapore: Chee
COMPANIES should not be obliged to list on the Singapore Exchange (SGX), said Second Minister for Finance Chee Hong Tat on Friday (Feb 28), in response to Workers’ Party...
