HSBC Chief Quinn, architect of sweeping overhaul, announces surprise retirement
HONG KONG: HSBC said on Tuesday its Chief Executive Noel Quinn will retire - a surprise departure by its hard-nosed…
Carlsberg says price increases gave solid start to 2024
COPENHAGEN: Danish brewer Carlsberg saw price increases in all its main markets during the first quarter, its CEO said on…
TNG Digital introduces Malaysia’s first in-app Visa exchange rate calculator
KUALA LUMPUR: TNG Digital Sdn Bhd has introduced a new foreign exchange rate calculator on TNG eWallet, giving Malaysian travellers…
Ekuinas acquires 80% stake in pharma ingredients producer Symbiotica
KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) has acquired an 80 per cent stake in Symbiotica Speciality Ingredients Sdn Bhd (Symbiotica),…
L’Occitane’s billionaire owner Geiger to take firm private in US$1.8bil deal
Hong Kong-listed L'Occitane International's chairman and controlling shareholder, Reinold Geiger, will take the skin-care firm private, giving it an equity…
Musk lays off Tesla senior executives in fresh job cuts, The Information reports
ELON Musk has dismissed two Tesla senior executives and plans to lay off hundreds more employees, frustrated by falling sales…
Malacca Securities sets Farm Price’s fair value at 85% premium ahead of IPO
PETALING JAYA: Malacca Securities has ascribed a fair value of 44.5 sen per share for Farm Price Holdings Bhd, which…
Hong Kong businesses shut shop as city struggles to revive post pandemic
HONG KONG: When Jacky Yu, 48, opened his Japanese gift shop in Hong Kong more than a decade ago, the…
FBM KLCI steps back 0.42% as YTL Power weighs
KUALA LUMPUR: The FBM KLCI snapped its two straight sessions of gains as investors decided to take some money off…