Entrepreneurship
HSBC expects cost-cutting drive to hit less than 8% of global headcount
HSBC chief executive officer Georges Elhedery has said that the impact on the bank’s global headcount arising from its drive to cut costs is likely to be under 8...
China, India natural gas imports will impact Apac prices: panellists
ASIA-PACIFIC should keep an eye on natural gas imports by China and India, whose ongoing pipeline projects will heavily affect regional gas pricing, said panellists at Commodity Trading Week...
Porsche, BMW need Germany pivot for way out of crisis
GERMANY’S auto industry is in crisis. Sales have declined while production costs soared, leaving Volkswagen, Mercedes-Benz Group and hundreds of parts makers dangerously behind in the transition to electric...
HSBC 2024 profit beats estimates; announces US$2 billion share buyback
HSBC reported a 6.6 per cent rise in annual profit on Wednesday (Feb 19), beating market expectations, as income withstood the impact of falling interest rates during a year...
Hong Kong eyes crypto derivatives, margin lending in digital asset push
HONG Kong is considering approving derivatives and margin lending in virtual assets for some investors, its financial regulator said on Wednesday (Feb 19), as the city seeks to boost...
Singapore evolves to meet commodity sector’s changing needs amid trade tensions: EnterpriseSG’s Cindy Khoo
IN A much more complex global trade environment, Singapore will focus on growing new trade flows, specialised trade expertise and technologies to meet the commodity sector’s changing needs, said...
FTX refunds: Temasek, BlackRock, SoftBank, Sequoia, Tom Brady, Shaquille O’Neal likely beneficiaries
AFTER more than two years of hand-wringing, creditors of bankrupt crypto exchange FTX are heaving a sigh of relief as the trading platform’s estate starts paying cash back to...
UOB hits a fresh high, with Singapore’s STI reaching yet another record
At the open, the counter edges up 1.3 per cent or S$0.50 to an all-time high of S$39.15SHARES of UOB rose to a new high on Wednesday (Feb 19)...
China revamps power market rules in challenge to renewables boom
CHINA’S unprecedented boom in renewable energy is facing a fresh challenge from government rules that will allow market forces to determine the price of new wind and solar power.The...
Norinchukin CEO plans to resign after massive bond losses
A government panel of experts has urged Norinchukin to diversify its bond-heavy portfolio and bring in more outside talentNORINCHUKIN Bank chief executive officer Kazuto Oku plans to resign to...
