News

RBNZ set to deliver third half-point rate cut to revive economy
[ad_1] NEW Zealand’s central bank is set to deliver its third big interest-rate cut in a row and signal further reductions this year to rekindle economic growth.The Reserve Bank of...
Sri Trang Agro-Industry swings back to black with Q4 profit of 854.3 million baht
[ad_1] RUBBER group Sri Trang Agro-Industry swung to a net profit of 854.3 million baht (S$34 million) for its fourth quarter ended December, from a net loss of 422 million...
Japan’s historic rate shift is turbo-charging the credit market
[ad_1] JAPAN’S corporate bond market is booming, as an economic rebound and plans to get ahead of higher interest rates encourage a flurry of issuance.Japanese companies have sold 14.7 trillion...
Southwest Airlines to cut 15% of corporate jobs in first-ever layoffs
[ad_1] SOUTHWEST Airlines will cut about 1,750 jobs in its leadership ranks, a dramatic step to reduce expenses that mark the first layoffs in the carrier’s history.The pullback will impact...
Europe: Stocks mark record closing high as defence stocks soar
[ad_1] EUROPEAN shares marked a record closing high on Monday (Feb 17), boosted by defence stocks as investors priced in the likelihood of increased military spending in the region, following...
Sri Trang Gloves back in the black with 556.7 million baht in Q4 net profit
[ad_1] GLOVE maker Sri Trang Gloves (Thailand) posted a net profit of 556.7 million baht (S$22.1 million) in the fourth quarter ended Dec 31, 2024, a turnaround from its net...
Talent crunch pushing Singapore’s financial sector to rewrite operations playbook to retain staff
[ad_1] In the race for talent, some banks are re-thinking their operating models, or redefining seniority by performance, not tenure AMID high-profile layoffs that have hit some global banks, financial-services...
Singapore’s financial sector looks to internal hiring, reskilling and flexible structures to fill manpower gaps
[ad_1] AMID high-profile layoffs that have hit some global banks, financial-services firms are still grappling with a shortage of good talent. And increasingly, they are looking at hiring from within,...
Oiltek applies to transfer listing to SGX mainboard
[ad_1] The company says the shift could result in better liquidity and improved share performanceVEGETABLE and edible oil engineering process company Oiltek International has applied to move its listing from...
Singapore Exchange veterans leave amid stock market revival push
[ad_1] Several veteran staffers of Singapore Exchange are leaving as the bourse tries to revive its flagging equities business, according to people familiar with the matter.Frieda Choong, who runs the...
Shein faces investor pressure to slash valuation to US$30 billion: sources
[ad_1] FAST-fashion retailer Shein is under pressure to cut its valuation to about US$30 billion, according to people familiar with the matter, having in the past been valued at more...
Bain Capital ends acquisition battle with KKR for Fuji Soft
[ad_1] US private equity firm Bain Capital said on Monday (Feb 17) it will not launch a tender offer for Fuji Soft, formally ending a takeover battle with rival KKR...