News
Airline Caterer Gategroup said to pick banks for Zurich IPO
[ZURICH] The world’s biggest in-flight caterer Gategroup Holding has selected banks for an initial public offering, which could take place as soon as the second half of next year,...
MUFG’s next CEO Hanzawa seeks growth to close gap with global rivals
While widely seen as a safe choice, whether he can further elevate the group with 400 trillion yen in assets will be closely watched[TOKYO] Junichi Hanzawa, the next chief...
TotalEnergies wins 21-year deal to power Google data centres in Malaysia
The power supply contract is expected to take effect in the first quarter of next year[KUALA LUMPUR] France’s TotalEnergies said on Tuesday (Dec 16) it had signed a 21-year...
Thai central bank is ‘taking action’ on baht, worried by rapid rise
[BANGKOK] Thailand’s central bank has taken action to tackle the appreciation of the baht, governor Vitai Ratanakorn said on Tuesday (Dec 16).It is worried about the currency’s rapid rise...
Rupee hits record low, pressured by persistent outflows and NDF maturities
[MUMBAI] The Indian rupee slipped to an all-time low for the fourth consecutive session on Tuesday, pressured by dollar bids spurred by the likely maturity of positions in the...
Philippine wealth fund to invest in port company Asian Terminals
The Philippine sovereign wealth fund has pursued a few deals since its inception in 2023[MANILA] Philippine sovereign wealth fund Maharlika Investment plans to acquire a minority stake in Asian...
Asian markets retreat ahead of US jobs as tech worries weigh
ASIAN markets extended losses with Wall Street on Tuesday as investors jockeyed for position ahead of key US jobs and inflation data, while sentiment remains subdued by worries over...
ExxonMobil’s latest Singapore facility signals that innovation can continue amid global challenges: DPM Gan
The move comes even as the company is set to lay off 10 to 15% of its Singapore workforce by end-2027[SINGAPORE] A new facility set up by oil giant...
McKinsey plots thousands of job cuts in slowdown for consulting industry
The firm’s revenue growth has flatlined in the last five years, leading to a reset after rapid hiring over the prior decade[NEW YORK] As McKinsey partners gathered in the...
Elon Musk’s fortune soars above US$600 billion on new SpaceX valuation
The company is the biggest player in the orbital launch industry with its Falcon 9 rockets[NEW YORK] Elon Musk’s wealth has reached a new high, topping US$600 billion for...
