Business
Global beauty firms look to carve up Indian market as ‘last bastion’ of growth
From Japan’s Shiseido to France’s L’Oreal, global cosmetics giants are doubling down on India, betting on the world’s most populous nation…
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Business
Business
Asia: Markets creep up as investors await key speech
ASIAN markets edged mostly upward in muted morning trading on Thursday, one day before a key speech expected to offer signals about future…
Business
India becomes rare hub for green IPOs with US$4 billion of deals
India is seeing a revival in clean-energy initial public offerings (IPOs) as companies capitalise on Prime Minister Narendra Modi’s push…
Business
Bank of Japan chief’s dogged caution tempers board’s hawkish instincts
In 2024, Kazuo Ueda delivered Japan‘s first interest rate hike in 17 years, a bold shift for a central bank once dominated by advocates of…
Business
Australia: Shares hit fresh high on mining and banks boost
AUSTRALIAN shares rose to a record high on Thursday, driven by miners and banks, while investors awaited US Federal Reserve Chair Jerome…
Business
Commonwealth Bank of Australia reverses job cuts decision over AI chatbots
Lenders around the world are grappling with the use of artificial intelligence and its impact on jobs Commonwealth Bank of Australia (CBA)…
Business
AI job cuts debacle sees biggest Australia bank reverse tack
Commonwealth Bank of Australia (CBA) reversed a decision to cut 45 customer service roles due to new artificial intelligence (AI)…
Business
Great Eastern resumes trading after year-long suspension; opens at S$13.2 following bonus issue
Great Eastern Holdings (GEH) resumed trading on Thursday (Aug 21) after a proposed bonus share issue lifted its free float to above 10 per…
Business
Great Eastern resumes trading after year-long suspension; opens at S$13.21 following bonus issue
Great Eastern Holdings (GEH) resumed trading on Thursday (Aug 21) after a proposed bonus share issue lifted its free float to above 10 per…
Business
Great Eastern resumes trading after year-long suspension; closes 10% lower than OCBC’s best offer
Great Eastern Holdings (GEH) resumed trading on Thursday (Aug 21), after a proposed bonus share issue lifted its free float above 10 per…
Business
Gold little changed as investors await Jackson Hole remarks
Gold prices were steady on Thursday (Aug 21) as investors awaited cues into the US Federal Reserve’s policy outlook ahead of the Jackson…
Business
Stocks to watch: Sats, Great Eastern, Wing Tai, Beng Kuang Marine, Capital World
The following companies saw new developments that may affect trading of their securities on Thursday (Aug 21): Sats: The airline caterer…
Business
Microsoft curbs early access for Chinese firms to notifications about cybersecurity flaws
Microsoft has curtailed Chinese companies’ access to advance notifications about cybersecurity vulnerabilities in its technology after…
Business
Singapore-focused listed companies are having their turn in the spotlight
The oft-heard complaint is that Singapore’s market is too small and, beyond the banks, no one can make much money from investing in it.…
Business
US banks cut back muni exposure to lowest since financial crisis
US banks are holding the smallest share of debt sold by states and localities since the financial crisis despite attractive valuations and…
Business
Calvin Klein Unveils New Global Flagship in Tokyo
Calvin Klein Inc., a subsidiary of PVH Corp., will open a new, sprawling Calvin Klein global flagship in Tokyo on Aug. 29. Located at…
Business
Fed minutes show majority of FOMC saw inflation as greater risk
Most US Federal Reserve officials highlighted the risk to inflation as outweighing concerns over the labour market at their meeting last…
Business
Europe: Stoxx 600 closes higher but gains limited by tech, defence
EUROPE’S Stoxx 600 closed higher on Wednesday boosted by consumer and healthcare stocks, while declines in tech and defence stocks limited…
Business
US: Wall Street mostly down as tech still under pressure
stocks closed mostly lower on Wednesday as the tech sector remained under pressure while investors kept an eye on retail earnings and…
Business
Trump and Melania’s Scammy Meme Coins Have Lost Almost All Value
You may recall that the president has a meme coin, $TRUMP. Days before his second inauguration, the president—who told Fox News in his…
Business
Target’s CEO Transition: The Wall Street View
Wall Street is of two minds regarding Target and its chief executive officer in-waiting. While not exactly applauding Target’s choice of…
Business
Hilton Als’s Essential James Baldwin
A hundred and one years after James Baldwin’s birth, the writer has become as much an icon as a public intellectual can be—a status that,…
Business
Who Is Sachia Vickery? US Open Star Rakes in Millions Selling Her Steamy Photos on OnlyFans and Charges $1,000 for Going on Dates
American tennis player Sachia Vickery is trying to qualify for the US Open this week, where the winner will take home an impressive $5…
Business
Global Stocks Turn Cautious as Nasdaq Slides, Nikkei Declines, and Fed Outlook Weighs on Markets
Global markets were mixed Wednesday. Stocks Big tech shares sank on Wall Street, dragging the Nasdaq and S&P 500 lower, even as the Dow…