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GIC makes senior leadership changes, appoints new CIO
Bryan Yeo succeeds Jeffrey Jaensubhakij, who is stepping down after almost three decades at the firm Source link
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GIC makes senior leadership changes, appoints new group CIO
Bryan Yeo succeeds Jeffrey Jaensubhakij, who is stepping down after almost three decades at the firm GIC’S deputy group chief investment…
Business
UBS quarterly profit smashes expectations, US$3 billion buyback unveiled
UBS Group, Switzerland’s largest bank, on Tuesday (Feb 4) posted net income of US$770 million for the fourth quarter of 2024, trouncing…
Business
UBS trounces profit forecasts, US$3 billion share buyback conditional on capital rules
UBS Group on Tuesday (Feb 4) posted fourth-quarter profit that beat forecasts by a wide margin and said it would buy back up to US$3…
Business
Grab, GoTo accelerate merger talks and aim for deal in 2025
GRAB Holdings and GoTo Group have accelerated merger talks and target a deal this year, seeking to end years of losses in South-east…
Business
Grab weighs takeover of rival GoTo at US$7 billion valuation
GRAB Holdings and GoTo Group have accelerated merger talks and are targeting a deal this year, seeking to end years of losses in…
Politics
Trump Ratchets Up Tariffs on China, Drawing Swift Response From Beijing
President Trump’s 10 percent tariff on all Chinese products went into effect at 12:01 a.m. Tuesday, the result of an executive order…
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"Connections" February 4: Hints and answers for puzzle #604
Connections skyrocketed to popularity in 2023 when it was launched by The New York Times. Today, it is the newspaper's second-most popular…
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"Wordle" Today #1,326 hints and answer for Tuesday, February 4 game
Wordle is The New York Times' most-popular word game, and it's easy to see why. Josh Wardle, a Welsh-born engineer, developed the viral…
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Old Covid lockdown footage misrepresented as HMPV 'emergency' in China
China has not declared a "state of emergency" over the human metapneumovirus (HMPV) after infections increased toward the end of 2024,…
Politics
China may loosen grip on yuan as Trump reignites trade war
CURRENCY traders are waiting with bated breath for China’s next daily reference rate for the yuan, with some expecting authorities to…
Business
AI and more: These tech firms top the list of Singapore’s 100 fastest-growing companies
A good variety of sectors are in a list of 100 fastest-growing companies based in in Singapore, going by a study done by The Straits Times…
Business
Indonesian fund, Mitsui vie for US$300 million stake in toll operator RKE: sources
INDONESIA’S sovereign wealth fund, Indonesia Investment Authority (INA), and Japan’s Mitsui are among prospective buyers of CVC Capital…
Business
Chinese tea drinks firm Guming aims to raise US$202 million in Hong Kong IPO
CHINESE bubble tea drinks company Guming Holdings is aiming to raise up to US$202 million in a Hong Kong initial public offering (IPO),…
Politics
State Farm slammed for seeking up to 38% policy hike after wildfires
State Farm has come under heavy criticism for seeking a 22 percent rate hike, with a 38 percent increase for renters, in the wake of the…
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Waffle House adds 50 cent egg surcharge amid bird flu crisis
Waffle House, the popular Georgia-based restaurant chain with over 2,000 locations across 25 states, has implemented a temporary 50 cent…
Politics
FBI Agents Association urges Congress to protect jobs amid feared purge
The FBI Agents Association (FBIAA), which represents more than 14,000 current and former FBI agents, implored Congress to protect agency…
Business
Nippon, US Steel say Biden blocked merger amid ‘sham’ review
NIPPON Steel and United States Steel claimed former President Joe Biden unfairly prejudged their US$14.1 billion merger and gave the…
Business
BNP expands Australia presence by hiring banker for leverage finance market
BNP Paribas has hired a senior leveraged finance banker in Sydney as the French bank expands its presence in one of Asia Pacific’s busiest…
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Gold holds steady near all-time high amid US tariff concerns
GOLD prices on Tuesday (Feb 4) hovered near a record high scaled in the prior session, as investors fretted that US President Donald…
Business
Dutch lender ING looking for acquisitions to grow in Germany, Italy and Spain, says CEO
DUTCH lender ING Group is looking for opportunities to buy rival banks in major European countries to boost its size, its chief executive…
Politics
Singapore bucks regional showing as Trump defers tariffs on neighbours; STI slips 0.1%
SINGAPORE blue chips failed to sustain the momentum at market open on Tuesday (Feb 4) with the benchmark index Straits Times Index (STI)…
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Salesforce cutting 1,000 roles while hiring salespeople for AI
SALESFORCE is cutting jobs as its latest fiscal year gets underway, according to a person familiar with the matter, even as the company…
Business
Singapore finds its seat at the China+1 table
FOR multinationals looking to reduce their reliance on China, the top alternative locations in Asia so far have been Vietnam and…