Culture
Chinese cybersecurity firm sanctioned, employee charged by US
THE US sanctioned a Chinese company it accused of working for intelligence agencies and charged one of its employees with hacking into the computer systems of thousands of businesses...
UBS reorganises US wealth management unit in growth push
UBS Group made organisational changes to its wealth-management unit in the US as it seeks to lift profitability in a market that’s central for its growth plans.The structure of...
GM to wind down robotaxi operations championed by CEO Barra
GENERAL Motors’ (GM) Cruise self-driving car unit will exit the robotaxi business, a retreat from a market that proved costly and full of reputational pitfalls for the automaker.Cruise and...
Singapore’s new family office framework will give clarity, but may not be enough to attract more super rich
Higher disclosure requirements may push wealthy families to lighter-touch jurisdictionsTHE upcoming roll-out of Singapore’s single-family office (SFO) framework will likely provide ultra-wealthy families with greater clarity, and attract those...
Google invests in venture to build energy parks for data centres
ALPHABET’S Google is investing in mega energy parks that will generate renewable power as the company races to fuel its data centres.
The technology behemoth entered into a partnership with...
US: Wall St opens mixed, focus remains on inflation data
Wall Street’s main indexes opened mixed on Tuesday (Dec 10) ahead of a key inflation report this week that could influence the Federal Reserve’s upcoming interest rate verdict.The Dow...
Nippon Life in talks to buy Resolution Life in deal worth US$8.2 billion
NIPPON Life Insurance is in the final stages of buyout talks with US life insurer Resolution Life Group Holdings, Resolution said on Tuesday (Dec 10), in what would reportedly...
US finalises more than US$6.1 billion chips subsidy for Micron Technology
THE US Department of Commerce has finalised a subsidy of more than US$6.1 billion for memory chip maker Micron Technology to support the construction of several domestic semiconductor facilities, according to...
Prudential is said to consider selling stake in Eastspring
PRUDENTIAL is considering options including selling a minority stake in its asset manager Eastspring Investments to help broaden the business, according to people familiar with the matter.
The insurer is...
Fitch Ratings upgrades Astrea VI Class A-2 bonds
Ratings agency Fitch Ratings has upgraded the private equity (PE) backed Astrea VI Class A-2 bonds, part of a few tranches of Astrea bonds that were in high demand...
