Business
Will CNMC Goldmine continue to shine?
There are sharply divergent views on the direction of gold prices; meanwhile, gold mining stocks are now performing better than the…
Section
Business
Business
Higher operating costs are a stone in the shoe – even for the rich eyeing family offices
These ultra-high-net-worth investors are turning to banks which offer alternative ways of managing their wealth The compliance costs…
Business
Boeing Defence, union reach tentative deal to end strike
BOEING Defence and the machinists union have reached a tentative deal to end a five-week-long strike in the St. Louis area, union…
Business
US FDA, border agency seize US$86.5 million worth of unauthorised e-cigarettes
US AUTHORITIES have seized 4.7 million unauthorised e-cigarettes valued at US$86.5 million in the largest operation of its kind to date,…
Business
Europe: Tech drag weighs on Stoxx 600 despite Inditex boost
EUROPEAN shares reversed course to close lower on Wednesday as a boost from Spanish fast-fashion giant Inditex was offset by a pullback in…
Business
Alibaba seeks US$3.17 billion in 2025’s biggest convertible issue
The company is raising the funds for purposes including scaling up its data centres, upgrading technology and expanding international…
Business
Alibaba leads Chinese tech funding spree with US$3.2 billion deal
The proceeds will be spent on various purposes, including scaling up its data centres, upgrading technology and expanding international…
Business
US: Oracle surge lifts S&P 500 to record as Dow declines
The S&P 500 finished at a new record Wednesday behind a huge rally in Oracle shares as major US indices diverged ahead of key consumer…
Business
DoorDash plans to test drone deliveries in San Francisco warehouse
Food delivery app DoorDash is setting its sights on a new destination to test out flying drone deliveries: San Francisco. The tech company…
Business
UOL sells Kinex mall for S$375 million
Property developer UOL has entered into an agreement to sell Kinex, a retail mall, for US$375 million. The buyers of the freehold property…
Business
BlackRock gets US$10 billion financing for Aramco deal: sources
The majority of the financing is a seven-year loan facility, which could later be refinanced in the bond market A group led by BlackRock’s…
Business
Dismembered Body Found Inside Singer D4vd's Tesla in LA Impound Is of a Woman With a Hunting Tattoo on Right Index Finger
The dismembered remains found in the trunk of a Tesla registered to singer D4vd belong to a woman, identified in part by a distinctive…
Business
US: S&P 500, Nasdaq hit record highs on boosted rate-cut bets
The S&P 500 and the Nasdaq hit intraday record highs at the open on Wednesday (Sep 10), after cooler-than-expected producer inflation data…
Business
AI infrastructure company Nebius to raise US$3 billion to fuel growth
Nebius Group said on Wednesday (Sep 10) it would raise US$3 billion to fuel growth in its core artificial intelligence cloud business, on…
Business
mm2 Asia’s Malaysia unit settles dispute with landlord over unpaid rent, other charges
A Malaysian unit of beleaguered entertainment group mm2 Asia has settled a dispute with its landlord, Hektar Real Estate Investment Trust,…
Business
Del Monte swings into the black in Q1 with US$5.5 million net profit
Canned-food brand Del Monte Pacific has returned to the black with a net profit of US$5.5 million for its first quarter ended Jul 31,…
Business
Del Monte Pacific swings into the black in Q1 with US$5.5 million net profit
This is due to higher sales from both the company’s domestic market in the Philippines and international markets Canned-food brand Del…
Business
Nio plans US$1 billion share sale to fund EV growth
The Shanghai-based EV maker will sell as many as 181.8 million new shares at HK$42.86 to HK$44.46 each Chinese electric-vehicle maker Nio…
Business
Oracle expects half a trillion dollars in booked cloud orders, stock rises 27%
Oracle said on Tuesday (Sep 9) it expects booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion US dollars,…
Business
Frasers Property’s emerging markets chief to take on additional role of Thailand CEO
Lim Hua Tiong is set to replace Thanapol Sirithanachai, who will continue to serve on the board Frasers Property’s emerging markets chief…
Business
Centurium considers stake sale in US$6 billion Taibang Biologic: sources
Chinese private equity firm Centurium Capital is considering selling its stake in Taibang Biologic Group, people familiar with the matter…
Business
Tapestry’s Opens a Much Wider Lens on the Handbag Market, Targets $10B for Coach
Joanne Crevoiserat might have had to turn to Plan B for Tapestry Inc. after the $8.5 billion acquisition of Capri Holdings fell through —…
Business
mm2 Asia scraps stake sale; PE fund to take 29% of Vividthree stake in direct share deal instead
As a result of the new share placement, controlling shareholder mm2 Asia’s stake in Vividthree will be diluted to 23% Vividthree Holdings…
Business
Centurion wins shareholder support for Reit listing plan
The Reit will accelerate the group’s growth and support sustainable capital recycling, says chief executive Kong Chee Min Mainboard-listed…