Fund giant Standard Life Aberdeen has appointed Keith Skeoch sole chief executive, with former joint boss Martin Gilbert stepping down to become vice-chairman. The group said Mr Gilbert will also become chairman of Aberdeen Standard Investments as well as an executive director of its board. Standard Life Aberdeen said that in his new role Mr […]

SINGAPORE – Treasure at Tampines, the 2,203-unit condominium coming up on the site of the former Tampines Court HUDC estate, will be open for a preview this Friday (March 15), with actual sales slated to start later this month at an average price of approximately $1,280 per square foot (psf). Developer Sim Lian Group, which […]

When Boeing’s Dreamliner was grounded in 2013, it took more than $20 million and three months to fix the problem. The crisis over its 737 Max jet could be even harder to manage, given the incalculable reputational risk after two fatal crashes. The short-term costs such as a software fix to the plane are likely […]

One of the most challenging aspects of starting your own business is knowing where to begin and who to ask for good advice. Listen to those who have learned from mistakes Having worked with many young entrepreneurs my first piece of advice is to seek out support from trusted experts, as well as from entrepreneurs […]

BEIJING — Once known for its deadly skies, China doubled down on aviation safety as it grew in wealth and power. This week, as it took the lead among world governments in grounding the Boeing 737 Max 8, China showed its willingness to assert itself in airline safety. Chinese regulators acted swiftly on Monday, grounding […]

(Reuters) – Brookfield Asset Management Inc said on Wednesday it will buy most of Oaktree Capital Group LLC in a roughly $4.8 billion deal, creating an alternative-asset manager that would rival industry leader Blackstone Group in size. The decision by Oaktree, led by distressed debt investor Howard Marks, to sell a majority stake of itself […]

LONDON/DUBAI (Reuters) – Iran is running short of options to replace its aging fleet of tankers and keep oil exports flowing because renewed U.S. sanctions are making potential sellers and flag registries wary of doing business with Tehran, Western and Iranian sources said. Since U.S. President Donald Trump reimposed sanctions in November, exploratory talks with […]

HERZOGENAURACH, Germany (Reuters) – Adidas expects supply chain issues to curb sales growth in the first half of the year, particularly in North America, but said it hopes to see off a challenge from Nike in Europe and return to growth in the region. Shares in the German sportswear brand, up 22 percent in the […]

WOLFSBURG, Germany (Reuters) – Volkswagen (VOWG_p.DE) on Wednesday said it will shrink its workforce by up to 7,000 staff, raise productivity and eke out 5.9 billion euros worth of annual savings at its core VW brand by 2023 in a bid to raise VW’s operating margin to 6 percent. Volkswagen has ruled out compulsory layoffs […]

SYDNEY (Reuters) – Asian shares drifted lower on Wednesday as a risk-off mood settled on markets, while a frazzled pound awaited its fate ahead of yet another make-or-break parliamentary vote on Brexit. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS eased 0.45 percent in slow trade. Japan’s Nikkei .N225 led the retreat with a […]