News
Resorts World Sentosa chairman and Genting Singapore CEO Tan Hee Teck retires
[SINGAPORE] Resorts World Sentosa (RWS) chairman and chief executive officer Tan Hee Teck will retire from his position on May 31. Tan, 69, is also stepping down as CEO of...
Swiss court rules Credit Suisse bonus cuts were unlawful
The bonus measures affected around 1,000 people, some of whom challenged the decision with Switzerland’s Federal Administrative CourtPublished Wed, May 14, 2025 · 06:10 PM[ZURICH] A top Swiss court...
ABN Amro profit beats estimates on fees, bad loan provisions
Profit at the Amsterdam-headquartered bank came in at 619 million euros (S$902.8 million) for the three months through MarchPublished Wed, May 14, 2025 · 05:07 PM[AMSTERDAM] ABN Amro Bank...
GSK to buy liver disease drug for as much as US$2 billion
The drug has the potential to become a best-in-class medicine to treat a form of fatty liver diseasePublished Wed, May 14, 2025 · 04:39 PM[LONDON] GSK agreed to buy...
Taiwan tech giant Foxconn’s Q1 profit soars
Net profit in the first three months rose 91% year-on-year to NT$42.1 billion (S$1.8 billion)Published Wed, May 14, 2025 · 03:27 PM[TAIPEI] Taiwanese tech giant Foxconn said on Wednesday...
AI boom for US stocks still a safe bet, less so for China: BlackRock
[SINGAPORE] Ask any investor who has paid attention to the United States equities market in the last two years, and you are likely to hear the name Nvidia. Few...
Tesla to resume shipping Chinese parts for Cybercab, Semi production in the US: source
[SHANGHAI] Tesla plans to start shipping components from China to the US for the production of Cybercab and Semi trucks from the end of this month, after the US...
Frasers Property offers to privatise FHT for S$0.71 per stapled security
[SINGAPORE] Frasers Hospitality Asset Management, as the manager of Frasers Hospitality Trust (FHT), announced on Wednesday (May 14) the proposed privatisation of the stapled securities group for S$0.71 per...
Commonwealth Bank of Australia reports higher cash profit, stable margin in third quarter
COMMONWEALTH Bank of Australia (CBA) reported a 6 per cent rise in third-quarter cash earnings on Wednesday, helped by growth in lending volumes and higher trading income, and said...
Samsung Electronics to buy FlaktGroup for 1.5 billion euros
Published Wed, May 14, 2025 · 08:53 AM[SEOUL] South Korea’s Samsung Electronics said on Wednesday that it has agreed to acquire all shares of FlaktGroup, a German maker of...
