Culture
Stellantis CEO says tax hikes in France will hurt investment
STELLANTIS chief executive officer Carlos Tavares said plans by France to raise corporate taxes will hurt investment.“We are doing a short-term choice that will penalise the medium term,” Tavares...
Sabana Reit better off if major unitholders not represented on board of new internal manager
Would-be directors should commit to purchasing S$1 million worth of units in the market to align interest with unitholdersUNITHOLDERS of Sabana Industrial Real Estate Investment Trust (Sabana Reit) are...
Sabana Reit unitholders question trustee’s choice of director candidates
SABANA Industrial Real Estate Investment Trust (Reit) unitholders questioned the choice of the three director candidates put up by the trustee for the Reit when it becomes internally managed...
Canadian dollar losing streak hits 8 days on jumbo-rate-cut noise
THE Canadian dollar fell to a two-month low against its US counterpart on Friday (Oct 11) as investors continued to weigh chances of the Bank of Canada (BOC) supersizing...
Substantial shareholder Thomas Clive Khoo takes his Zixin stake to above 9%
INSTITUTIONS were net buyers of Singapore stocks over the five trading sessions spanning Oct 4 to Oct 10, with S$211 million of net institutional inflow, adding to the preceding...
TikTok slashes hundreds of jobs in AI shift
SOCIAL media platform TikTok said it will slash hundreds of jobs, with a significant number of employees in Malaysia expected to be affected, as the company shifts to AI-assisted...
Temasek CIO gets behind asset-shuffling funds snubbed by others
TEMASEK Holdings is getting behind a controversial type of fund that private equity firms are using to ride out the slump in deal-making. The chief investment officer (CIO) of...
Elon Musk’s X drops Unilever from advertiser boycott lawsuit
ELON Musk’s X on Friday (Oct 11) dropped Unilever from a lawsuit that claimed the consumer goods giant and others conspired with an advertising industry group to boycott the...
Oil settles down on Florida fuel demand worries, Mideast risk drives weekly gains
OIL prices settled lower on Friday (Oct 11) but rose for the second straight week as investors weighed factors such as possible supply disruptions in the Middle East and...
Dollar edges higher against major currencies as traders weigh US data
THE US dollar was flat against major currencies on Friday (Oct 11) as markets digested a slew of economic data that supported the Federal Reserve’s current monetary policy path.A...
