Fashion
ABN Amro to cut 5,200 jobs by 2028
[AMSTERDAM] ABN Amro Bank outlined a plan to cut 5,200 full-time roles by 2028 as new chief executive officer Marguerite Berard unveiled her vision for the lender.The Dutch bank...
CDL to sell Osaka hotel for 14 billion yen to Blackstone funds
The proposed divestment aligns with the real estate company’s capital recycling and portfolio optimisation efforts [SINGAPORE] City Developments Limited (CDL) is proposing to divest a hotel in Osaka, Japan,...
CDL sells 14 billion yen Osaka hotel to Blackstone-managed real estate funds
The proposed divestment aligns with the real estate company’s capital recycling and portfolio optimisation efforts [SINGAPORE] City Developments Limited (CDL) is proposing to divest a hotel in Osaka, Japan,...
WeRide trims losses as China’s robotaxi race gains momentum
The company currently holds autonomous driving permits in eight countries, the most out of all robotaxi players in the region[HONG KONG] WeRide narrowed its third-quarter net loss on increased...
Syngenta is said to mull Hong Kong IPO after Shanghai pulled
A big chunk of the offerings come from Chinese companies pursuing a second listing in the city to help support their overseas expansion[HONG KONG] Syngenta Group is considering an...
Citigroup India nears US$1 billion book of asset backed securities
While securitisation deals are common in developed economies, the country’s market is still nascent [MUMBAI] Citigroup’s India unit has more than doubled its asset-backed securities book to nearly US$1...
Trump signs ‘Genesis Mission’ order to boost innovation with AI
[WASHINGTON] US President Donald Trump signed an executive order on Monday (Nov 24) establishing the “Genesis Mission”, a federal effort to boost innovation using artificial intelligence (AI), the latest...
Oil prices settle up 1% on bets Fed will cut US rates and doubts about Ukraine peace
Global brokerages remain split on whether the Fed will cut interest rates at its December meeting after last week’s mixed signals on job growth and unemployment[NEW YORK] Oil prices...
Telefonica to cut 5,000 jobs to slash costs, union says
The cuts, affecting about a fifth of the carrier’s Spanish workforce, will apply to three Telefónica units[MADRID] Spain’s largest telecommunications operator Telefonica aims to cut at least 5,040 jobs...
US: Wall Street opens higher on Fed interest rate-cut expectations
[NEW YORK] Wall Street’s main indexes opened higher on Monday (Nov 24), buoyed by expectations of an imminent Federal Reserve interest rate cut in December, while investors were also...
