TOKYO: U.S. hedge fund ValueAct Capital has become a major shareholder in Japanese chip and display materials maker JSR Corp with more than a 7per cent stake, as activist investors are increasingly targeting cash-rich Japanese companies. ValueAct, with more than US$12 billion in assets under ...
SINGAPORE: Ride-hailing giant Grab announced on Monday (Mar 30) that its senior leaders, including the co-founders, will take a pay cut of up to 20 per cent, as part of measures to deal with the impact of the COVID-19 pandemic. "The COVID-19 pandemic and ensuing measures to curb its spread...
U.S. stock index futures see-sawed on Monday after a strong recovery last week, as President Donald Trump extended his stay-at-home guidelines until the end of April, raising fears of a larger economic hit from the slump in business activity.
SINGAPORE: ComfortDelgro Taxi announced on Monday (Mar 30) it was extending its daily rental relief until September to hirers affected by the COVID-19 outbreak. Hirers currently receive a total of S$46.50 per taxi per day in rental relief, which comprises S$36.50 from the the company and S$10 ...
American Airlines Group Inc is in advanced talks to hire Guggenheim Securities co-chairman James Millstein for advice on tapping a US$50 billion industry relief package available from the U.S. Treasury Department to cope with the coronavirus pandemic, people familiar with the matter said.
SINGAPORE: The COVID-19 outbreak could slow down foreign investments but the country’s fundamentals remain strong and the reasons why global firms will want to invest in Singapore are still “intact”, said Deputy Prime Minister Heng Swee Keat on Monday (Mar 30). Mr Heng was responding to a question ......
Taiwanese electronics manufacturer Foxconn reported a 23.7per cent fall in profit in the last three months of 2019 on Monday as it braces for the impact from the coronavirus pandemic that has hit demand from key customers such as Apple.
China's largest state banks said the impact of restrictions on movement imposed to slow the spread of the coronavirus could pull down asset quality as borrowers struggle to repay loans, though they are likely big enough to weather any fallout.
Britain has ordered more than 10,000 ventilators from a consortium of leading aerospace, engineering and technology companies, with production to begin this week.
British low cost airline easyJet said it had grounded its entire fleet and reached a deal with its cabin crew for employees to be furloughed for two months under a government job retention scheme.
