Business
Starbucks, Burger King overhaul China strategies
The coffee giant has positioned itself as a premium coffee brand in China since entering the market in 1999 STARBUCKS and Burger King are…
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Business
Business
Stocks to watch: Yangzijiang Financial, Cordlife, mm2 Asia, Nio
The following companies saw new developments that may affect trading of their securities on Thursday (Oct 2): Yangzijiang Financial: The…
Business
Yahoo nears deal to sell AOL to Italy’s Bending Spoons for US$1.4 billion
Yahoo is in advanced talks to sell AOL to Italian technology company Bending Spoons for about US$1.4 billion, four sources familiar with…
Business
China is back on the radar of European pension funds, endowments
Chinese markets are booming on increased optimism over technology breakthroughs and the economy, as well as a shift out of the US European…
Business
STI's 10 best performing stocks for Q3
Leading the pack on the index are Yangzijiang Shipbuilding, CDL and DFI Retail Group The Straits Times Index (STI) kept steady in the…
Business
US: Wall Street closes higher as investors shrug off jobs data, US shutdown
Wall Street’s main stock indexes rose on Wednesday (Oct 1), with strong support from the healthcare sector, despite weaker-than-expected…
Business
Europe: Shares close at record high as healthcare outperforms; US shutdown in focus
The absence of data is expected to increase volatility in markets and potentially impair the Federal Reserve’s ability to gauge the…
Business
Canada’s Holt Renfrew Names Franco Savastano President and CEO
Holt Renfrew, Canada’s leading luxury retailer, has named Franco Savastano president and chief executive officer. Savastano is an…
Business
Yangzijiang Financial pumps 1.02 billion yuan in lithium battery producer Ningbo Shanshan’s restructuring
The investment by the group and two of its investors gives them effective voting rights of 23.4 per cent in the lithium battery producer…
Business
Singlife to roll out new investment solutions via Fullerton collaboration
The tie-up marries Singlife’s reach, as well as its insurance and investment platforms, with Fullerton’s proven investment expertise…
Business
BYD sees first sales decline in 18 months amid fierce competition in China’s EV market
The decline comes as the company slashed its sales goal for this year by 16% to 4.6 million units Electric vehicle juggernaut BYD’s…
Business
US: Wall Street opens lower after weak private payrolls data, government shutdown
WALL Street’s main indexes opened lower on Wednesday (Oct 1) after much weaker-than-expected private payrolls data, while the federal…
Business
Indonesia’s healthcare moment is now
With rising demand, bold reforms and a digital backbone now in place, Indonesia is opening its doors to long-term healthcare investment…
Business
LG Electronics aims to make India a global manufacturing hub with local unit’s listing
LG Electronics is looking to position India as a global manufacturing hub, an executive of its Indian unit said on Wednesday (Oct 1), as…
Business
mm2 Asia seeks another 90-day extension for AGM
More time is needed, given the liquidation of its cinema operations and audit delays, says the entertainment company Entertainment company…
Business
US government shutdown threatens to disrupt IPO market momentum
SEC shutdown stops IPO paperwork processing, delaying companies eyeing Wall Street listings A US government shutdown threatens to stall…
Business
Investors urged to ‘recalibrate’ return expectations for private markets
While slower divestments and liquidity issues present challenges in private equity markets, they are also creating opportunities in…
Business
German auto supplier ZF Group to cut 7,600 jobs in powertrain unit by 2030
The move is part of a broader plan announced by the company last year to eliminate up to 14,000 positions ZF Friedrichshafen will cut…
Business
Samsung, SK Hynix to supply memory chips to OpenAI’s Stargate project
Samsung Electronics and SK Hynix have signed letters of intent to supply memory chips for OpenAI’s data centres, they said on Wednesday…
Business
Temasek boosts bets on public stocks, pursues ‘active alpha’
Temasek Holdings has invested more into public equities in the last 18 months than it traditionally has done, according to chief executive…
Business
Singapore shares rise amid mixed regional showing; STI up 0.5%
Across the broader market, gainers beat decliners 258 to 155, as 1.6 billion securities worth S$1.6 billion change hands Singapore stocks…
Business
Ethan Hawke’s Brilliantly Exasperating Quest for Truth
Indeed, his investigative procedure is largely based on annoying his subjects until they confess their crimes. His Tulsa is diverse,…
Business
DBS, UOB, OCBC lead dividend growth as Singapore companies pay out US$8.2 billion in H1
DBS was among the top 13 banking contributors to H1 dividend growth, says Capital Group The three local banks led dividend growth in…
Business
Khazanah’s chief investment officer urges investors to ‘co-parent’ Asian firms amid weak returns
He says public market investors can play a more active role, while private equity can acquire underperforming assets Investors, including…