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UBS plans January job cuts to kick off final year of integration
[ZURICH] UBS Group is set to begin its latest wave of job cuts in mid-January, according to people familiar with the matter. That step will be followed by another...
China solar industry’s losses narrowing on overcapacity push, association says
[BEIJING] Losses in China’s slumping solar sector narrowed in the third quarter, data presented by an industry group official revealed, as the government’s war on industrial overcapacity targeted manufacturers.The...
Singapore stocks track Wall Street declines; STI down 0.1%
Across the broader market, losers beat gainers 286 to 236, as 883.5 million securities worth S$1.1 billion change hands[SINGAPORE] Singapore shares ended lower on Thursday (Dec 18), tracking declines...
Elliott woos other Toyota Industries investors in buyout fight
[TOKYO] Elliott Investment Management has been approaching asset managers and other institutional investors in Japan to build support for its campaign and push Toyota group to sweeten its 4.7...
Google works to erode Nvidia’s software advantage with Meta’s help
The effort is part of Google’s aggressive plan to make its TPU a viable alternative to Nvidia’s GPUs[SAN FRANCISCO] Alphabet’s Google is working on a new initiative to make...
StanChart, Ant International launch blockchain-based tokenised deposits in SGD, USD
The new solution demonstrates how businesses can use blockchain technology to make transactions faster, more secure, and more efficient[SINGAPORE] Standard Chartered (StanChart) on Thursday (Dec 18) announced the launch...
BP appoints Woodside’s Meg O’Neill as CEO after Auchincloss’ abrupt exit
OIL and gas major BP has appointed Meg O’Neill, the head of Australia’s Woodside Energy, as its next CEO to lead its effort to boost profits and refocus on...
OCBC users hit by mobile and online log-in error
Subsequent checks show an error message that says OCBC is working to resolve the issue[SINGAPORE] OCBC digital users were unable to log-in to the mobile and online banking on...
Apple makes changes to iOS software in face of stricter Japanese rules
APPLE is making changes to its iOS software in Japan to comply with a new local law aimed at fostering competition, part of broader efforts by the iPhone maker to...
Stoneweg Europe Stapled Trust refinances, extends 85 million euro facility agreement
[SINGAPORE] The managers of Stoneweg Europe Stapled Trust (Sert) on Thursday (Dec 18) announced that it has refinanced and extended an 85 million euro (S$128.9 million) unsecured facility. As...
Review of Optus emergency calls outage finds process, accountability gaps in Singtel unit
The report finds that ‘challenges in Optus’ culture’ affected decision-making and response times[SINGAPORE] An independent review into Optus’ major September outage has uncovered gaps in process, accountability, and escalation...
Optus’ September outage independent review flags urgent process gaps
OPTUS, Australia’s second-largest telecommunications provider, said on Thursday that an independent review into its September outage found gaps in process, accountability, and escalation and information protocols that need urgent...