Fashion
Hyflux’s legal head did not raise issues over non-compliance of listing rules for draft announcement, witness says
[SINGAPORE] The legal head of Hyflux did not raise any issue of non-compliance with the listing rules in a draft of an announcement on the company being named the...
Gold little changed as investors await Jackson Hole remarks
[BENGALURU] Gold prices were steady on Thursday (Aug 21) as investors awaited cues into the US Federal Reserve’s policy outlook ahead of the Jackson Hole symposium in Wyoming, which...
Guess to go private in US$1.4 billion deal with Authentic Brands, co-founders and CEO
[LOS ANGELES] Guess said on Wednesday (Aug 20) it has agreed to be taken private by a group, including its co-founders, CEO and Reebok-owner Authentic Brands, in a deal...
Children of Wing Tai chairman granted options to buy four River Green units for S$7.9 million
Neither of the two children were given discounts; sale reviewed by the board and audit and risk committee[SINGAPORE] Wing Tai Holdings has granted options to purchase four units in...
Barclays’ Singapore private bank business unaffected by Asia head’s exit
[SINGAPORE] Barclays’ private bank in Singapore will operate as normal, despite the departure of the business’ Asia chief amid a restructuring.“The business in Singapore continues to be led by...
Ex-Goldman trader Qin Xiao starts Singapore hedge fund, gets US$1 billion allocation from Millennium
[LONDON] Qin Xiao, the former co-head of Goldman Sachs’ global commodities trading team, has won an allocation from Millennium Management for his hedge fund startup.
Singapore-based Nexus Commodities Capital Management...
US seeks Intel stake without governance rights: Lutnick
[WASHINGTON] Commerce Secretary Howard Lutnick confirmed discussions between the US and Intel for the government to take a stake in the chipmaker, casting the plan as a bid to...
Options traders brace for Big Tech sell-off with ‘disaster’ puts
[NEW YORK] Options traders are increasingly nervous about a plunge in technology stocks in the coming weeks and are grabbing insurance to protect themselves from a wipeout.
The tech-heavy...
Hyflux played down Tuaspring’s power plant on Olivia Lum and CFO’s instructions, witness says
[SINGAPORE] Former Hyflux’s corporate communications head testified that she only found out about the water treatment company’s power strategy for the Tuaspring integrated water and power project after it...
Xiaomi’s US$120 billion gain faces scrutiny on smartphone slowdown
[HONG KONG] Investors anxiously await an earnings report from Xiaomi, following a rally that has driven its market value up US$120 billion in the past year on excitement over...
