Business
Australia’s CBA sells another 10% stake in Vietnam’s VIB
COMMONWEALTH Bank of Australia (CBA) has sold a 10 per cent stake in Vietnam International Commercial Joint Stock Bank (VIB) it said on…
Swedan Margen
Swedan Margen contributes to Cosmopolitan Canada across fashion, style, culture, and entertainment.
The work spans trend coverage, cultural conversation, and stories drawn from the publication's editorial partners, with source attribution provided within individual articles where applicable.
Fashion · Style · Culture · Entertainment
Business
PetroChina profits fall on weaker oil and economic slowdown
Cumulative losses for the nation’s fuel-makers total 32 billion yuan this year till September, amid a downturn in the nation’s property…
Business
China’s Citic Securities Q3 profit rises 21.9%
CITIC Securities, China’s biggest brokerage, reported a 21.9 per cent rise in third-quarter profit on Tuesday (Oct 29), driven by growing…
Business
Adidas reports strongest China sales since early 2022
ADIDAS saw strong underlying growth in Greater China in the third quarter, while sales in North America excluding the Yeezy collection…
Business
Japanese brokerage Daiwa’s Q2 profit jumps 80% on Aozora stake
It also posts a rise in non-operating income of 21.6 billion yen in the quarter due to Aozora being an equity-method affiliate JAPAN’S…
Business
Singapore digital economy shrank 2.3% in 2023; efforts to help SMEs adopt generative AI underway: IMDA
SINGAPORE’S digital economy shrank 2.3 per cent in nominal terms to account for S$113.2 billion of the nation’s gross domestic product in…
Business
Founder of TikTok owner ByteDance jumps to top of China’s rich list
BYTEDANCE founder Zhang Yiming is China’s richest person, with personal wealth of US$49.3 billion, an annual rich list showed on Tuesday…
Business
HSBC to buy back US$3 billion shares as profit beats estimates
HSBC Holdings announced a fresh multi-billion US dollar stock buyback as it reported better-than-estimated earnings days after unveiling a…
Business
Australia’s Myer to buy rival Premier’s apparel business in A$864 million deal
AUSTRALIAN department store owner Myer will buy retail billionaire Solomon Lew’s Premier Investments’ apparel brands business, in a deal…
Unsorted
StarHub mobile network outage reported by users; over 2,000 reports on Downdetector
SOME StarHub customers experienced disruptions to their mobile network on the morning of Oct 29, leaving them unable to access the…
Business
Nippon Paint shares jump most in 24 years on US$2.3 billion deal
SHARES of Nippon Paint surged following its announcement of a deal to acquire a US-based chemicals formulator. The stock price for the…
Business
Singapore shares open almost flat on Tuesday; STI up 0.02%
SINGAPORE shares opened almost flat on Tuesday (Oct 29), after US and Europe’s indices rose overnight. As at 9.01 am, the Straits Times…
Business
M1 to acquire 70% stake in Vietnamese IT solutions provider for 719.9 billion dong
MOBILE network operator M1 is acquiring a 70 per cent stake in Vietnam-based IT solutions provider, ADG National Investment and Technology…
Business
Sequoia to rake in more than US$100 million from crypto acquisition
VENTURE capital (VC) firms are set to make hundreds of millions of US dollars from Stripe’s acquisition of crypto platform Bridge for…
Business
Ford weakens profit outlook amid price war, shares fall
FORD Motor said on Monday it expects to hit the lower end of its full-year profit guidance, dropping the company’s shares 5 per cent in…
Unsorted
Apple rolls out AI platform alongside new iMac with M4 chip
APPLE, heralding a “new era” for its devices, started rolling out its first set of Apple Intelligence features and introduced a new…
Fashion
Forget China, Chanel exec warns of luxury fatigue risk
A SLOWDOWN in the key Chinese market is currently lashing the financial performance of luxury houses but a Chanel executive warned on…
Business
Nanofilm Q3 revenue rises 10% to S$60 million on consumer business segment contributions
NANOFILM Technologies posted a 10 per cent rise in revenue to S$60 million for its third quarter ended Sep 30, 2024, from S$55 million in…
Business
European banks to extend dealing with Indian clearing houses
This comes after a dispute between Indian and European regulators, which risks disrupting billions of rupees of trading if unresolved…
Business
Sinopec profits slump as oil refining suffers from weak economy
SINOPEC’s third-quarter profits contracted as China’s biggest oil refiner increasingly finds itself under pressure from the nation’s…
Business
Nippon Paint to buy coatings, resins maker AOC for US$2.3 billion
Japan’s Nippon Paint has been expanding via several acquisitions in recent years Nippon Paint Holdings announced plans to purchase global…
Business
Top SGX-listcos beat 2025 target for women directors; smaller ones still lagging
The Council for Board Diversity says its interim numbers show that women’s participation on the boards of these companies has trebled to…
Business
Lulu Retail seeks to raise up to 5.27 billion dirhams in UAE’s biggest IPO this year
LULU Retail Holdings, which runs one of the Middle East’s biggest hypermarket chains, said on Monday (Oct 28) it aims to raise up to 5.27…
Business
Philips cuts annual sales outlook on weak demand from China
Royal Philips slashed its sales-growth forecast for the year as tepid demand from China weighs on the Dutch medical technology firm’s…