Keppel Land 2Q Net Profit Climbs 87.5% to S$94.7 Million
Keppel Land Ltd. (K17.SG) said Wednesday its second-quarter net profit climbed 87.5% from a year earlier mainly due to higher contributions from the completion of deferred-payment sales at a high-end residential project in Singapore.
GM's Opel Brand Replaces Two More Board Members
General Motors Co.'s (GM) troubled European Opel unit Wednesday replaced both its Chief Financial Officer and the head of its research and development operations, marking the next step in a broad management shake-up to stem hefty losses amid sagging sales.
Credit Suisse Moves to Address Capital Concerns
Credit Suisse moved Wednesday to stanch recent concerns about its financial strength, saying it is raising capital through the sale of shares, more divestments and the launch of another cost savings program.
Former CME FX Head Roger Rutherford Joins TraFXpure
The former head of foreign-exchange products at the exchanges firm CME Group (CME) in London, Roger Rutherford, has been appointed to the management team at trading system TraFXpure, the firm said in a statement Wednesday.