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California hammered as national job cuts jump to a five-year high
Job cuts across the country are the highest they have been in five years, led by layoffs in California and cutbacks in Washington.California employers announced 173,022 job cuts from...
ExxonMobil to permanently shut one steam cracker in Singapore from March: sources
The shutdown of the plant, which opened in 2002, is expected to be complete by June[SINGAPORE] ExxonMobil plans to wind down operations at the older of its two steam...
Race for talent is on as bankers brace for IPO boom in Vietnam
[HANOI] Vietnam’s potential upgrade to emerging-market status by FTSE Russell in September has investment banks bulking up staff in anticipation of a flood of initial public offerings (IPOs).Brokerage VnDirect...
TikTok to invest more than 200 billion reais in Brazil data centre
[NEW YORK] ByteDance’s TikTok will invest more than 200 billion reais (S$49 billion) to build a data centre in Brazil, marking its first project in Latin America.TikTok will partner...
DFI Retail Group hikes dividend payout ratio to 70% in three-year plan
The group is targeting a compound annual growth rate of 11 to 15% for its underlying profit[SINGAPORE] DFI Retail Group has unveiled a three-year strategic roadmap targeting double-digit profit...
HSBC names Brendan Nelson chairman in surprise move
The bank says Nelson’s appointment follows a robust process assessing internal and external candidates[LONDON] HSBC Holdings’ interim chairman Brendan Nelson will move into that role on a permanent basis,...
Waymo hits a dog in San Francisco, reigniting safety debate
A self-driving Waymo taxi hit a dog in San Francisco, reigniting a heated debate over autonomous vehicle safety just weeks after one killed a popular neighborhood cat.On Sunday, around...
Temasek-backed Xora Innovation leads US$46 million funding in Vinci
[SINGAPORE] Vinci, the brain behind a physics-driven artificial intelligence (AI) platform for hardware design and simulation, raised US$46 million in seed and Series A funding, it said on Tuesday...
Malaysia’s Felda, FGV say Terengganu land spat could disrupt operations
They were issued an order by Terengganu state to vacate palm oil plantation land there[KUALA LUMPUR] Malaysia’s Federal Land Development Authority (Felda) and its commercial arm FGV Holdings said...
OCBC’s shares hit record as wealth unit shines
OCBC shares gained as much as 0.6%, above the previous high from more than two weeks ago[SINGAPORE] Oversea-Chinese Banking Corp (OCBC) shares hit a fresh record as the wealth-management...
