Culture
Europe: Shares end higher as markets cheer China’s stimulus plans
EUROPEAN shares ended higher on Tuesday, with China-exposed firms such as luxury giants and automakers at the helm of gains after China’s central bank unveiled broad stimulus measures to aid...
Starbucks shuffles top China ranks in new CEO’s latest move
NEW Starbucks chief executive officer Brian Niccol appointed Molly Liu as the sole leader of the China business as he continues to remake the company’s management ranks.Last year, Liu...
Catalytic capital is key to emerging markets badly in need of decarbonisation funding
Managers are courting catalytic capital – investment willing to accept a lower return – so as to bring more investors to the table BILLIONS of dollars are being raised...
Oil prices climb 2% on China stimulus, Middle East conflict
OIL prices climbed about 2 per cent to a three-week high on Tuesday (Sep 24) on news of monetary stimulus from China, the world’s top importer, and concerns that...
ECB started issuing fine notices to banks not meeting climate expectations
THE European Central Bank has started issuing fine notices to lenders not meeting its long-defined expectations on disclosing and managing climate risk, Irene Heemskerk, the head of the ECB’s...
Maryland sues cargo ship owner, operator over Baltimore bridge collapse
THE state of Maryland on Tuesday (Sep 24) filed civil claims against the owner and operator of the cargo ship that struck the Francis Scott Key Bridge in March,...
Raspberry Pi rally bucks trend of London IPO disappointments
It is the only counter with a stock price higher than its offering, of the companies that raised at least US$100 million over the past three years and are...
US: Wall St opens higher, China stimulus boosts miners
Wall Street’s main indexes opened slightly higher on Tuesday (Sep 24), as investors scoured for clues on what the Federal Reserve’s next policy move might be, while commodity stocks...
Lenders line up more than 10 billion euros for Sanofi health unit buyout
BANKS and other lenders are lining up more than 10 billion euros (S$14.3 billion) of debt to back a buyout of Sanofi’s consumer health division, as one of the...
Frasers Hospitality Trust managers appoint Benjamin Kuah as CFO
He is currently the head of finance at Frasers Hospitality International, a role that he took up in January 2024THE managers of Frasers Hospitality Trust – a stapled group...
