Business
Shell and Ferrari sign long-term green power supply deal
Power purchase agreements are rising in Italy as manufacturers lock in energy costs and secure green power Shell has signed a long-term…
Section
Business
Business
UK financial sector makes slow progress on preparations for new settlement system
40% of respondents in a survey say they will miss an interim deadline of Dec 31, 2026 Four in 10 financial businesses in Britain expect to…
Business
UK’s Domino's Pizza CEO steps down as strategy shift takes hold
The move comes as the chain broadens its focus beyond core pizzas to drive growth in a tough market Britain’s Domino’s Pizza Group said on…
Business
Xiaomi founder Lei Jun’s HK$100 million share purchase sparks stock rebound
Xiaomi founder Lei Jun’s purchase of about HK$100 million (S$16.8 million) worth of company stock may help bolster sentiment in the…
Business
ABN Amro to cut 5,200 jobs by 2028
ABN Amro Bank outlined a plan to cut 5,200 full-time roles by 2028 as new chief executive officer Marguerite Berard unveiled her vision…
Business
OCBC’s Lion Global Investors launches Singapore’s first physical gold fund
It seeks to track the performance of London Bullion Market Association Gold Price AM OCBC’s Lion Global Investors announced on Tuesday…
Business
OCBC’s Lion Global Investors launches Singapore’s first insured physical gold fund
It seeks to track the performance of London Bullion Market Association Gold Price AM OCBC’s Lion Global Investors announced on Tuesday…
Business
CDL sells 14 billion yen Osaka hotel to Blackstone-managed real estate funds
The proposed divestment aligns with the real estate company’s capital recycling and portfolio optimisation efforts City Developments…
Business
CDL to sell Osaka hotel for 14 billion yen to Blackstone funds
The proposed divestment aligns with the real estate company’s capital recycling and portfolio optimisation efforts City Developments…
Business
Philippines mulls rate cut to spur demand after scandal hit
The Philippine central bank will consider another reduction in the benchmark interest rate next month to help spur demand, its top…
Business
WeRide trims losses as China’s robotaxi race gains momentum
The company currently holds autonomous driving permits in eight countries, the most out of all robotaxi players in the region WeRide…
Business
Starbucks Malaysia operator sees business rebound after boycotts
The company is also preparing to expand in Nordic countries, where it has the rights to the brand The operator of Starbucks in Malaysia…
Business
Asia: Markets advance as odds for another Fed rate cut grow
Tech firms have enjoyed a revival after suffering a period of selling in recent weeks Asian investors on Tuesday (Nov 25) welcomed more…
Business
Syngenta is said to mull Hong Kong IPO after Shanghai pulled
The company operates in more than 90 countries and has more than 30,000 employees Syngenta Group is considering an initial public offering…
Business
BMW mulls adding range-extending engines to EV models in China
The company may become the first German automaker to offer the technology that’s not yet widely available in Europe BMW is weighing the…
Business
Gold holds steady as rising US rate-cut bets offset dollar strength
Gold prices held steady on Tuesday (Nov 25) after rising nearly 2 per cent in the previous session, as increasing prospects of a US rate…
Business
Citigroup India nears US$1 billion book of asset backed securities
While securitisation deals are common in developed economies, the country’s market is still nascent Citigroup’s India unit has more than…
Business
China’s AI promise lures top Asia fund away from South Korea, Taiwan
A TOP-PERFORMING Asian money manager is boosting exposure to artificial-intelligence (AI) stocks in China while retreating from those in…
Business
New owners to revive fish farms vacated by troubled Apollo, Barramundi groups
Two fish farming facilities that had been given up by firms exiting the local aquaculture industry have been acquired by local companies…
Business
Rate hikes drive Japan regional banks towards mergers to survive
The lenders are facing increased competition for deposits as an inexpensive funding source with interest rates rising, and new rivals such…
Business
Stocks to watch: Keppel, CapitaLand Investment, CDL Hospitality Trusts, UOB, Wee Hur
The following companies saw new developments that may affect trading of their securities on Tuesday (Nov 25): Keppel: It has inked a deal…
Business
UOB prices 850 million euro bonds due 2030 at 2.718%
UOB said on Tuesday (Nov 25) that it has priced 850 million euros (S$1.3 billion) in fixed-rate covered bonds due 2030. The covered bonds…
Business
Asia tycoon backs US$1.5 billion AI bet with private credit fund
A patriarch for one of Asia’s biggest finance fortunes is joining other members of the global rich in bolstering artificial intelligence…
Business
Trump weighing advanced Nvidia chip sales to China, Lutnick says
US President Donald Trump is weighing whether to allow Nvidia to sell advanced artificial intelligence (AI) chips to China and will be the…