BRIEF-Tat Seng Packaging Says Appointment Of Cheong Poh Hua
April 25 (Reuters) - Tat Seng Packaging Group Ltd :
* APPOINTMENT OF CHEONG POH HUA AS GROUP CFO Further company coverage:
April 25 (Reuters) - Tat Seng Packaging Group Ltd :
* APPOINTMENT OF CHEONG POH HUA AS GROUP CFO Further company coverage:
Elon Musk’s electric vehicle company is seeking unspecified damages and a permanent injunction from the company from a judge in New Delhi
From conflicts with family members to giving up lucrative careers, here's what the Kelly Jie Seafood sisters experienced when they took over the restaurant.
The Securities and Exchange Commission on Friday charged an auditing firm hired by Trump Media and Technology Group just 37 days ago with “massive fraud” — though not for any work it performed for former President Donald Trump’s media company. The SEC charged the accounting firm BF Borgers and its owner, Benjamin F. Borgers, with “deliberate and systematic failures” in more than 1,500 audits. To settle the SEC charges, BF Borgers agreed to pay a $12 million fine while its owner agreed to pay a fine of $2 million, according to the SEC.
Berkshire Hathaway significantly reduced its enormous stake in Apple in the first quarter, as Warren Buffett's conglomerate let its cash hoard swell to a record $189 billion. Buffett's company also posted a record operating profit exceeding $11 billion, as its insurance operations benefited from improved underwriting and higher income from investments as interest rates rose. The value of Berkshire's stake in Apple fell 22% to $135.4 billion as of March 31 from $174.3 billion at the end of 2023, even though the iPhone maker's share price fell just 11% in the quarter.
Bernard Arnault’s sprawling business empire has launched a raft of legal claims against Visa and Mastercard amid an ongoing row over credit card fees.
Hoka was founded a little over a decade ago, and the brand is already worth more than $1 billion. We explore the shoe’s design and what makes the brand stand out from its competitors.
Red Lobster, the poster child for American seafood, was dragged down by corporate mismanagement, competition and consumer shifts.
With inflation pushing up the cost of daily life just about everywhere you go, people from all over the country are looking for ways to lower their spending -- but even that isn't enough in most...
(Reuters) -China's Ping An Insurance Group Co the biggest Asian investor in HSBC PLC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told Reuters on Saturday, as the investor voted against such a move. Quinn, who has announced he will step down as chief executive once a successor is appointed, last year defeated Ping An's long campaign to get HSBC to spin off its Asia business. Europe's biggest bank had faced proposals submitted by Hong Kong-based individual investor Ken Lui and backed by its biggest Asian shareholder Ping An to consider a radical restructuring and to boost its dividends.
Experts point to “rampant ageism” keeping older Americans out of the workplace.
The S&P Global UK services PMI survey scored 55.0 in April, up from 53.1 in March and the highest level since May last year.
OMAHA, Nebraska (Reuters) -Warren Buffett assured Berkshire Hathaway shareholders on Saturday that the executives expected to succeed him were ready for the job, and he heaped praise on Apple although Berkshire trimmed its position in the iPhone maker. Speaking at Berkshire’s annual meeting, the legendary investor paid tribute to his late business partner Charlie Munger and said he expected the conglomerate’s cash pile, now a record $189 billion, to keep growing. The meeting was the 60th for Buffett, who since 1965 transformed Berkshire from a failing textile company into an $862 billion colossus owning the BNSF railroad, Geico car insurance, Dairy Queen and dozens of other businesses.
Producers and midstream companies are increasingly bullish on the Eagle Ford’s natural gas prospects.
British retail tycoon Mike Ashley's Frasers Group has withdrawn its London lawsuit against Morgan Stanley over a nearly $1 billion margin call, a spokesperson for the Wall Street bank said on Friday. Frasers had sued Morgan Stanley for about 47 million euros ($50.5 million) after the bank imposed the margin call – security to cover possible losses – on the retailer's trading position in German fashion group Hugo Boss in May 2021. Ashley, whose fortune is estimated by Forbes to be worth $5.1 billion, gave evidence at the trial at London's High Court in February that the demand for collateral left him in "total shock".
Peru's dented mining mojo, hit by years of political turmoil in the Andean country, is being buoyed by strong copper prices and a bullish outlook they will rise further, helping lure back investor interest, the country's mining minister said on Friday. "The price of copper is a great attraction," Romulo Mucho, told Reuters in an interview at his office, a reference to prices that hit two-year peaks of $10,208 a metric ton this week, close to the record high of $10,845 in March 2022. Goldman Sachs earlier in the day hiked its year-end price target to $12,000 per ton, from $10,000 previously, citing the copper market's path into scarcity and expectations of a larger deficit of the key metal needed for electrification.
The Reserve Bank of India (RBI) on Friday proposed to lenders that they set aside higher provisions for under-construction infrastructure projects and asked them to ensure strict monitoring of any emerging stress. The RBI said it issued draft guidelines "taking into account the experience of banks with regard to financing of project loans". Indian banks had seen large defaults across infrastructure loans starting 2012-2013 on account of exuberant lending, which led to a strain on the country's banking system.
(Reuters) -Canada's Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. Auto parts suppliers have been struggling with lower-than-expected demand for their EV components, as carmakers shift their focus toward producing affordable hybrid vehicles instead. Magna, which produces powertrains, along with assembling complete vehicles, signed agreements with Fisker in 2020 to engineer and manufacture its Ocean SUV.
The start-up of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high, companies said. Shell-led LNG Canada has begun testing its C$40-billion British Columbia terminal ahead of commercial operations starting in mid-2025. The terminal will process up to 2 billion cubic feet per day (bcfd), representing 11% of current Canadian gas output.
Retirement planning is one of the most important -- and potentially most daunting -- things you'll do. But even if you start preparing early in life, you might not be quite as ready for the true cost...
Key Insights Astronics to hold its Annual General Meeting on 8th of May CEO Peter Gundermann's total compensation...