SINGAPORE: Singapore firms Keppel and Sembcorp Marine said on Monday (Oct 7) they had reached settlements with indebted Brazilian firm Sete Brasil over long-standing contracts to build drillships and rigs. Sete, which leased oil rigs to Brazil's state oil firm Petroleo Brasileiro (Petrobras) ...
Tesco's financial arm confirmed on Monday that it has appointed John Kingman, the businessman who oversaw Britain's bailout of its banks in the financial crisis, to its board as a non-executive director.
Apple supplier Japan Display aims to seal a revised bailout deal by the end of this month for at least 50 billion yen (US$468 million) in vital funding, its new chief executive said on Monday.
SINGAPORE: Southeast Asian online realtor PropertyGuru filed a prospectus in Australia seeking an initial public offering (IPO) that could raise as much as A$380.2 million (US$257 million). PropertyGuru, whose backers include buyout firms TPG Capital and KKR, has set an indicative price range of A ...
(This October 6 story has been refilled to correct "until February" to "until further notice" in headline and "new court date" to "court status conference" in paragraphs 1 & 6) FRANKFURT: A pending U.S. lawsuit over claims related to Bayer's glyphosate-based herbicide Roundup has been delayed ...
Boston Federal Reserve officials have a pretty good idea what helped the ailing industrial town of Lawrence, Massachusetts, start to make a turnaround, including a state takeover of the public school system and a focused effort to lift job options for working parents.
LONDON: HSBC is planning to cut up to 10,000 jobs as interim chief executive Noel Quinn seeks to reduce costs across the banking group, the Financial Times reported on Sunday (Oct 6). The plan represents the lender's most ambitious attempt in years to cut costs, the newspaper said, citing...
Asian shares edged higher on Monday after data showed the U.S. unemployment rate dropped to the lowest in almost 50 years, easing concerns of a slowdown in the world's largest economy.
LONDON: HSBC Holdings Plc is planning to cut up to 10,000 jobs as interim Chief Executive Officer Noel Quinn seeks to reduce costs across the banking group, the Financial Times reported on Sunday (Oct 6). The plan represents the lender's most ambitious attempt in years to cut costs, the...
Kansas City Federal Reserve Bank President Esther George on Sunday rejected the notion that the U.S. central bank should cut interest rates to try to boost low inflation, adding that doing so could create financial imbalances.
