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Samsung chief faces ruling on controversial merger
SAMSUNG Electronics Chair Jay Y. Lee faces a ruling by a Seoul appeals court on Monday over a 2015 merger that prosecutors said was designed to cement his control...
Samsung chief Jay Y Lee found not guilty in merger case
The Seoul High Court upheld a lower court’s ruling dismissing all the charges from a case involving a 2015 mergerSamsung Electronics Chairman Jay Y Lee was found not guilty...
Stellantis managers to step down as part of shakeup
STELLANTIS is planning another shakeup of its management ranks as the automaker deepens its overhaul following the ouster of chief executive officer Carlos Tavares, according to sources familiar with...
InnoTek shifts gears to AI, EVs to capture industry changes
Already in China, Thailand and Vietnam, the company is mulling a move into MalaysiaFACED with a changing disk drive industry more than 15 years ago, InnoTek – previously Magnecomp,...
Euro set for deeper decline as market sees more ECB cuts
Traders are ramping up bets for a deeper divergence between European and US interest rates, setting the euro on a clear path for further weakness. The currency fell to its...
Tariffs worry Wall Street over earnings hit, inflation pressure
Investors are bracing for a looming hit to US corporate profits and pressure on inflation after President Donald Trump on Saturday (Feb 1) signed an executive order imposing tariffs...
Bonds gain in January as Trump’s return drives topsy-turvy month
FOR all the trepidation coursing through the bond market at the start of 2025, Treasuries are up on the month as traders remain on watch for how Donald Trump’s...
Fu Yu will not convene requisitioned EGM; investigates business unit
THE board of directors of Fu Yu Corporation on Friday (Jan 31) announced that the company will not convene an extraordinary general meeting (EGM) requisitioned by Victor Lim, its...
US: Wall St opens higher on gains in Apple, in-line inflation reading
WALL Street’s main indexes opened higher on Friday (Jan 31) on gains in Apple following its strong sales forecast, with an in-line reading for the Federal Reserve’s favoured inflation...
Veteran bankers Eric Tham and Tan Jeh Wuan to join board of Raffles Medical’s insurance unit
VETERAN bankers Eric Tham and Tan Jeh Wuan have been designated to the board of Raffles Health Insurance as non-executive and independent directors, with effect from Feb 1.Commenting on...