Culture
HSBC sent fintech Stenn into administration over fears about client list
HSBC Holdings triggered the shuttering of trade-finance firm Stenn Technologies after uncovering transactions that were supposed to be with key customers but were potentially bogus instead, people familiar with...
Vibrant Group reverses into black with S$3.3 million H1 profit
The logistics company booked a loss of S$3.2 million in the previous corresponding period LOGISTICS company Vibrant Group has posted a net profit of S$3.3 million for the half-year ended...
UOB names its corporate banking head Leong Yung Chee as new group CFO
UOB has appointed Leong Yung Chee, its current head of group corporate banking, as its next group chief financial officer (CFO), the bank said on Friday (Dec 13). He...
Panin Bank acquisition could add 2-3% to DBS or OCBC profit: RHB
Broker notes that a sale is attractive, given the scarcity of such deals and Jakarta-listed bank’s status as a mid-sized lender with total assets of S$19.4 billionA FULL takeover...
Global M&A deal value will hit ‘middling’ US$3.5 trillion by end-2024: Bain
THE global mergers and acquisitions (M&A) market is set to end the year with a “middling” overall deal value of US$3.5 trillion, indicated projections by Bain & Company. This figure...
Global M&A deal value set to hit ‘middling’ US$3.5 trillion by end 2024: Bain
THE global mergers and acquisitions (M&A) market is set to end the year with a “middling” overall deal value of US$3.5 trillion, indicated projections by Bain & Company. This figure...
5 Asian business titans who died in 2024, and created giant legacies
AS 2024 draws to a close, we take a look at the lives of prominent businessmen who died this year, and their legacies which left a big impact on...
5 Asian business titans who died in 2024, and their giant legacies
AS 2024 draws to a close, we take a look at the lives of prominent businessmen who died this year, and their legacies which left a big impact on...
Intel says the idea of splitting up company is an open question
INTEL chief financial officer Dave Zinsner said that a formal separation of the company’s factory and product-development divisions is an open question that will be decided by the chipmaker’s...
Broadcom earnings top estimates after AI fuels sales growth
BROADCOM, a chip supplier for Apple and other big tech companies, posted better-than-expected profit in the fourth quarter after artificial intelligence demand helped bolster growth. Profit was US$1.42 a share...
