Business
European shares end flat; Inditex jumps on strong November sales
European shares ended largely steady on Wednesday (Dec 3), aided by gains for technology that offset sharp declines in financials, while…
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Business
Business
3 Pricing Moves Early Stage Teams Use To Unlock Profit
You can feel when your pricing is holding your company back. You see interest in your product, but the revenue never quite catches up. The…
Business
Fossil hunters find tracks of animals from about 3 million years ago – a first in South Africa
South Africa is well known for its fossil heritage, a record of plants and animals that tells us what the world was like long ago. Over…
Business
TikTok to invest more than 200 billion reais in Brazil data centre
ByteDance’s TikTok will invest more than 200 billion reais (S$49 billion) to build a data centre in Brazil, marking its first project in…
Business
Fed data suggests central bank has stopped losing money
The Fed’s deferred asset reflects losses that must be covered before it can resume payments to Treasury The Federal Reserve appears to…
Business
Federal Reserve ends three-year loss streak from Covid-era monetary policy
The Fed’s deferred asset reflects losses that must be covered before it can resume payments to Treasury The Federal Reserve appears to…
Business
Wall Street opens lower as investors assess data, Microsoft falls
Wall Street’s main indexes opened lower on Wednesday (Dec 3), as investors assessed data pointing to a weak jobs market, while Microsoft…
Business
DFI Retail Group hikes dividend payout ratio to 70% in three-year plan
The group is targeting a compound annual growth rate of 11 to 15% for its underlying profit DFI Retail Group has unveiled a three-year…
Business
Macy’s Q3 Report Reveals Improving Operations; 2025 Guidance Raised
Macy’s Inc., exceeded its own expectations on sales during the third quarter, boosting optimism for the holiday season and prompting the…
Business
Anthony Law, PropNex Realty salesperson refute allegations in lawsuit involving 99-1 deal
This is in response to a case filed by a couple over the purchase of a unit at The Gazania Anthony Law Corp, which has been sued by a…
Business
Anthony Law, PropNex Realty salesperson rebut allegations in lawsuit involving 99-1 deal
This is in response to a case filed by a couple over the purchase of a unit at The Gazania Anthony Law Corp, which has been sued by a…
Business
Retail investors push e-commerce platform Meesho’s US$604 million India IPO to full subscription
The company has raised about US$270 million from anchors including Government of Singapore ahead of its IPO Meesho’s US$604 million…
Business
Asian exchanges play key role in providing global investors with diversification: SGX chief
Loh Boon Chye expects product innovation for derivatives to move toward multi-jurisdictional operations The chief executive officer of the…
Business
Global accounting body IASB consults on new model for assessing bank risks
The model will attempt to replace a transaction-driven view of how banks manage interest rate risks Banks could give investors a clearer…
Business
OECD Projects Vietnam's Economy to Sustain Strong Recovery Through 2026–2027
The Organisation for Economic Co-operation and Development (OECD) has raised its medium-term growth forecast for Vietnam, projecting GDP…
Business
Singapore’s benchmark index STI rises for the sixth day, up 0.4%
Across the broader market, decliners beat gainers 297 to 275, after 1.3 billion securities valued at more than S$1.4 billion are…
Business
Singapore’s benchmark STI rises for the sixth day, up 0.4%
Across the broader market, decliners beat gainers 297 to 275, after 1.3 billion securities valued at more than S$1.4 billion are…
Business
How banks handle interest rate swings may soon be clearer to investors
Newly proposed rules by International Accounting Standards Board centre on new Risk Mitigation Accounting model The International…
Business
HSBC names Brendan Nelson chairman in surprise move
The bank says Nelson’s appointment follows a robust process assessing internal and external candidates HSBC Holdings’ interim chairman…
Business
Cordlife faces S$5.45 million civil claim from clients over damaged cord blood units
Cordlife Group is facing claims of at least S$5.45 million in damages from clients who stored 109 cord blood units (CBUs) with the…
Business
Philippines' slow growth raises chance of December rate cut, says central bank chief
Data last month showed annual growth slowed to a four-year low of 4.0% in the third quarter A slower growth outlook for the Philippines…
Business
Major Chinese banks cut high-yield deposit products to ease margin pressure
Some major Chinese commercial banks have removed five-year, large-scale certificates of deposit that carry a high yield from their…
Business
GXS cuts about 10% of workforce in rightsizing exercise
Digital bank GXS is cutting 82 jobs or about 10 per cent of its workforce across the group. This exercise is part of the group’s…
Business
Grab-Singtel’s GXS bank cuts about 10% of workforce as it moves on from early-stage operations
Loss of 82 jobs part of the group’s transition from building a bank to running the operations: CEO Lai Pei-Si Digital bank GXS is cutting…