The board members of Singapore-listed Nobel Design came under some heat at its extraordinary general meeting on Monday (Sept 7) as the furniture and property company sought shareholder approval for its revised 2014 financial statements.
Temasek Holdings has teamed up with Saudi Arabia's Savola Group to bid for Middle Eastern fast-food operator Kuwait Food in a deal that could be valued at between US$4 billion (S$5.7 billion) and US$5 billion, according to two people with knowledge of the matter.
Some of Singapore's reserves are set aside for the future, but a portion of the earnings and returns generated are spent on the present generation, Temasek Holdings chief executive Ho Ching said in a Facebook note explaining how the Republic manages its reserves.
Entrepreneur and local cinema industry pioneer Goh Eng Wah died last Saturday. He was 92. Mr Goh was the executive chairman and founder of Eng Wah Global, which has businesses spanning the entertainment, property, hospitality, and lifestyle sectors in Singapore and Malaysia, his company said in a statement.
Standard Chartered will appoint Ms Judy Hsu, its global wealth management head, as Singapore chief executive officer to replace Mr Neeraj Swaroop, people with knowledge of the matter said. Mr Swaroop has resigned from the London-based lender, the people said, asking not to be identified as the information is private.
Glencore Plc, the commodity producer and trader, plans to sell assets and shares to cut its US$30 billion (S$42.7 billion) net debt by about a third following the rout in global markets. It also will suspend dividend payments until further notice as it aims to reduce its net debt by about US$10.2 billion, the company said Monday in a statement.
The ringgit fell to a new 1998 low as oil prices extended their decline and after a report showed the United States jobless rate was at its lowest in seven years, adding weight to the Federal Reserve's plan to raise interest rates.
Australia's dollar rose from a six-year low against the U.S. currency after Chinese officials signaled confidence in their economy at a gathering of Group-of-20 finance chiefs.
China's economy last year grew slightly more slowly than the government had previously announced. The world's second-biggest economy expanded 7.3 per cent in 2014, down from an originally announced 7.4 per cent, the nation's statistics bureau said on Monday (Sept 7).