News
WiseTech board quits as founder Richard White wins power struggle
WISETECH Global’s founder and largest shareholder Richard White appears to have triumphed in a high-level power dispute after almost every board member quit in a disagreement over the billionaire’s...
Olam to sell remaining stake in Olam Agri for US$2.6 billion, focuses on IPO of business unit ofi
OLAM is divesting its remaining stake in Olam Agri to Saudi Agricultural and Livestock Investment Company (Salic) for US$2.6 billion. While the board has yet decided on the specific...
Olam to sell remaining stake in Olam Agri at valuation of US$4 billion
OLAM’S wholly owned subsidiaries have entered into a conditional sales and purchase agreement with Saudi Agricultural and Livestock Investment Company (Salic) for the proposed disposal of about 44.58 per...
Raffles Medical posts 4.3% rise in H2 profit to S$31.6 million
PRIVATE healthcare provider Raffles Medical Group posted a 4.3 per cent rise in net profit to S$31.6 million for its second half ended Dec 31, 2024, from S$30.3 million...
China’s local government bond rush worsens liquidity strain
CHINA’S local governments are rushing to issue bonds to refinance hidden debt, further tightening liquidity in the financial system. Regional authorities are set to sell 1.7 trillion yuan (S$313...
Berkshire to boost investments in Japanese trading houses
WARREN Buffett said on Saturday (Feb 22) that his conglomerate Berkshire Hathaway will likely increase its ownership in the five Japanese trading houses it holds.In his annual letter to...
Qatar signs deal with Scale AI to use AI to boost government services
Scale AI will develop more than 50 possible uses of AI for Qatar’s government over the next five yearsQATAR’S government has signed a five-year deal with artificial intelligence (AI)...
Nasdaq soars to new heights: What investors should know
ON FEB 19, both the S&P 500 and Nasdaq-100 achieved record highs, climbing by 0.2 per cent and 0.1 per cent, respectively. Their upward movements occurred as investors assessed...
Asset managers churn out defence funds once deemed uninvestable
As governments across Europe ratchet up defence spending, money managers who previously judged the sector too controversial to touch are taking note.There’s currently a proliferation of portfolios focused on...
Warren Buffett sounds warning to Washington as Berkshire reports record profit, cash
Berkshire Hathaway on Saturday (Feb 22) reported record annual profits and boosting its cash stake to US$334.2 billion, as Warren Buffett used his annual shareholder letter to caution Washington...
