A high-stakes father-and-son feud has plunged Singapore property giant City Developments Ltd into turmoil, with the private boardroom dispute of one of the city-state’s wealthiest families erupting into public view this week. High-stakes father-son feud rocks Singapore property giant The battle of words between CDL’s executive chairman Kwek Leng Beng and his son Sherman Kwek…
Members of the Tennessee Aquarium‘s Board of Trustees have chosen Andrew Wood as their new president and CEO, beginning on March 31. Wood will become the fifth person to lead the Aquarium in its history, succeeding Keith Sanford, who retired at the end of 2024. A historical look at Tennessee Aquarium leadership: Bill Flynn (1989-1993)…
As South Korea descends into political chaos, its equity market risks falling further behind major tech rival Taiwan, which is basking in the glory of the global artificial intelligence boom. A near 30% surge in Taiwan’s stock benchmark this year, set to be the best since 2009, has already helped spur a historic divergence between…
Pablo Di Si, President and CEO of Volkswagen Group of America, has stepped down from his role at the German automaker. The change, effective December 12, 2024, opens the door for Kjell Gruner to assume the role, according to the Volkswagen website. Starting in 2024, eligible customers may choose to apply the tax credit…
Just Eat Takeaway.com NV plans to delist from London this year owing to the low liquidity of its shares, shifting to just an Amsterdam listing even as the UK attempts to woo companies to its capital markets. The Amsterdam-headquartered meal delivery firm intends to cancel its secondary listing from the London Stock Exchange to reduce…
Super Micro Computer hired a new auditor Monday after its previous one, Ernst & Young, quit in the middle of an engagement. The Silicon Valley-based company, which touts a close relationship with AI stock-rocket Nvidia, had risked being delisted from the Nasdaq after failing to file both an annual and quarterly report on time. Its…
Silicon Valley tech company Super Micro was supposed to be riding high: After flying under the radar for a quarter of a century, the company had ridden the coattails of the recent generative AI boom. The $20 billion manufacturer builds some of the most important hardware used to power the top artificial intelligence models–that is,…
Hong Kong named Kelvin Wong as the new chairman of the Securities and Futures Commission for a three year-term. Wong, who’s currently chairman of the city’s Accounting and Financial Reporting Council, will take on his new role on Oct. 20, according to a government statement. He will succeed Tim Lui who completed six years as…