Business
Guess to go private in US$1.4 billion deal with Authentic Brands, co-founders and CEO
Guess said on Wednesday (Aug 20) it has agreed to be taken private by a group, including its co-founders, CEO and Reebok-owner Authentic…
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Business
Business
Beng Kuang expands into chemical cleaning in oil and gas industry
Beng Kuang Marine has formed a new business for specialised industrial chemical cleaning, the company said in a bourse filing on Wednesday…
Business
US: Wall St subdued at open on mixed retail earnings ahead of Fed meet
Wall Street’s main indexes were subdued at the open on Wednesday (Aug 20) as investors assessed uneven earnings from retailers such as…
Business
Children of Wing Tai chairman granted options to buy four River Green units for S$7.9 million
Neither of the two children were given discounts; sale reviewed by the board and audit and risk committee Wing Tai Holdings has granted…
Business
Sats grows Q1 profit 9.1% to S$70.9 million with higher cargo, food service volumes
AIRLINE caterer Sats grew its Q1 earnings 9.1 per cent to S$70.9 million for the first quarter ended June, boosted by growth in aviation…
Business
Intel rescue will depend on Trump as investor — and pitchman
A US government plan to take a stake in Intel would give the ailing chipmaker a powerful backer, even if a bigger challenge still lies…
Business
Estee Lauder forecasts annual profit below estimates as tariffs hit
Estee’s organic net sales for the fourth quarter fell 13%, compared with an 8% rise a year ago Estee Lauder forecast annual profit below…
Business
Buffett effect still holds as UnitedHealth soars through August
The Warren Buffett effect is proving true once again, spurring UnitedHealth Group’s reversal this month and giving the Dow Jones…
Business
Estée Lauder’s Sales Decline in Fourth Quarter, Tariffs to Impact Profitability by $100 Million Next Year
The Estée Lauder Cos. saw net sales slide 12 percent in its fourth quarter and the company expects tariff-related headwinds to impact…
Business
Baidu’s revenue dips ahead of intensifying Chinese AI contest
Baidu’s revenue fell, hurt by an economic downturn that’s capping its ability to fight bigger rivals in AI and make inroads in new growth…
Business
STI rises 0.1% despite US big tech sell-off
Across the broader market, gainers beat losers 277 to 256, with 1.48 billion securities worth S$1.49 billion changing hands Equities in…
Business
UOB partners edtech player to teach digital skills to 90,000 Indonesian students
UOB has partnered with Indonesian edtech platform Ruangguru to give 90,000 students in the archipelago access to digital learning tools…
Business
Nexstar to buy Tegna for US$3.5 billion in bet on FCC reforms
Nexstar Media Group agreed to buy TV station operator Tegna for US$3.5 billion in a deal that stands to dramatically expand Nexstar’s…
Business
India's Tata Motors returns to South African car market after six years
India’s Tata Motors returned to South Africa’s passenger vehicles market after a six-year absence, launching three ranges of SUVs and an…
Business
Barclays’ Singapore private bank business unaffected by Asia head’s exit
Barclays’ private bank in Singapore will operate as normal, despite the departure of the business’ Asia chief amid a restructuring. “The…
Business
China leaves benchmark lending rates unchanged in August, matching forecast
China kept benchmark lending rates in August unchanged for the third consecutive month on Wednesday (Aug 20), in line with market…
Business
Grab system glitch pushes some fares past S$1,000; company says full refunds made on ‘misconfigured fee’
Prices on ride-hailing giant Grab jumped about a hundred times from the usual rates, with short trips within Singapore costing S$1,000 or…
Business
Hyflux’s ex-communications head testifies she was not told to hide information in shareholder engagements
The former head of corporate communications at Hyflux agreed with the lawyer of Olivia Lum – who founded the water treatment company and…
Business
Hyflux’s ex-communications head says she was not told to hide information in shareholder engagements
The former head of corporate communications and investor relations at Hyflux who took the stand on Wednesday (Aug 20) said she was not…
Business
Pop Mart shares rise to record as CEO announces new mini Labubu
Shares of Chinese pop toy maker Pop Mart International Group rose to a record on Wednesday (Aug 20), after founder and chief executive…
Business
Apollo seeks to double India assets to US$4 billion in credit boom
Apollo Global Management plans to double its assets under management in India to US$4 billion over the next three years, as it looks to…
Business
Hong Kong exchange reports jump of nearly 40% in first-half profit
Analysts say the surge in the benchmark index has been driven by foreign investors’ return to buying Chinese stocks Hong Kong’s stock…
Business
Hong Kong exchange’s first-half profit jumps nearly 40% to record
Analysts say the surge in the benchmark index has been driven by foreign investors’ return to buying Chinese stocks Hong Kong’s stock…
Business
Taylor Fritz Stars in Boss Fall Campaign for First Time
It’s been a tough couple of weeks for Taylor Fritz. The number-one ranked U.S. tennis player just lost his last two matches: the National…