Business
Hugo Boss shareholder Frasers warns it won’t back dividends
Frasers Group warned Hugo Boss it will vote against any dividends, as the British retailer owned by billionaire Mike Ashley exerts its…
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Business
Business
Bank of England’s policymaker warns neutral rate question can’t be avoided
Bank of England (BOE) policymaker Alan Taylor said UK officials cannot sidestep the question of where interest rates will settle, in a…
Business
Opec+ considers adding more than 411,000 barrels on Saturday
Opec+ is considering accelerating its oil production revival even more rapidly than expected during a virtual meeting on Saturday (Jul 5),…
Business
Oil falls slightly ahead of expected Opec+ output increase
Oil futures slipped slightly in thin holiday trading on Friday (Jul 4), as the market looked ahead to this weekend’s Opec+ meeting and the…
Business
Europe: Shares fall as banks, mining stocks losses weigh
European shares ended lower on Friday (Jul 4) as losses in banks and mining-related stocks weighed, with focus now shifting to the Jul 9…
Business
Wealth fund KIA said to be seller of HK$26.8 billion AIA stake
The Kuwait Investment Authority (KIA) was the undisclosed shareholder behind the HK$26.8 billion (S$4.3 billion) sale of a stake in…
Business
LHN proposes delisting from Hong Kong due to low trading volume, costs
Real estate player LHN has proposed a voluntary delisting from the mainboard of the Stock Exchange of Hong Kong (HKEX) due to concerns…
Business
Berlin Retailer Solebox Brings Zellerfeld’s 3D-Printed Shoe Experience In-Store
Zellerfeld is bringing its 3D-printed footwear experience in-store with a brand-new partnership with Berlin-based sneaker and streetwear…
Business
Unnamed AIA Group shareholder is said to sell US$3.4 billion stake
An undisclosed AIA Group shareholder sold a HK$26.8 billion (S$4.4 billion) stake in the insurer via block trades, according to people…
Business
Unnamed AIA Group shareholder is said to sell HK$26.8 billion stake
An undisclosed AIA Group shareholder sold a HK$26.8 billion (S$4.4 billion) stake in the insurer via block trades, according to people…
Business
SMCP Secures Singapore Court Victory in Battle Over Disputed Share Transfer
PARIS – SMCP will get its shares back. The Singapore High Court has ruled that Dynamic Treasure Group must return the 15.5 percent stake…
Business
Who’s Next Adds Homewares, More Sourcing Support for September
PARIS – Who’s Next is coming home, or rather, home is coming to Who’s Next. WSN is continuing to expand its range of categories and…
Business
Google’s AI Overviews hit by EU antitrust complaint from independent publishers
Alphabet’s Google has been hit by an EU antitrust complaint over its AI Overviews from a group of independent publishers, which has also…
Business
Cathay Cineplexes operator mm2 Asia to raise funds for debt repayment via proposed share placement
The announcement comes after the cinema chain received a S$3.4 million payment demand from the landlord of its shuttered Jem outlet Media…
Business
Tesla has a problem – and it’s not just the Elon Musk backlash
Tesla is in a sales slump, with deliveries of its electric vehicles on track to decline for the second full year in a row. The polarising…
Business
Far-Flung Local Gems
In the spirit of summer travel, we’ve asked some of our writers living outside New York City to share a few of their favorite local spots.…
Business
Singapore shares slip as tariff pause will end soon; STI drops 0.2%
STI dips to 4,013.62 as decliners beat gainers 282 to 192 across the broader market Singapore equities retreated along with some regional…
Business
Asian Markets Under Pressure as Trump's Tariff Deadline Looms
New highs for U.S. stocks did not translate into gains across Asian markets on Friday. Japan's Nikkei edged 0.3% higher, but Hong Kong…
Business
Credit Suisse, UOB, UBS, Citi among 9 financial institutions penalised S$27 million for roles in S$3b money laundering case
Nine financial institutions (FIs) in Singapore have been penalised a total of S$27.5 million for anti-money laundering related breaches,…
Business
Credit Suisse, UOB, UBS, Citi among 9 financial institutions penalised S$27.5 million for roles in S$3b money laundering case
Nine financial institutions (FIs) in Singapore have been penalised a total of S$27.5 million for anti-money laundering (AML) related…
Business
Deutsche Bank, SeaTown join VinFast’s US$510 million private debt: sources
Deutsche Bank and SeaTown Holdings International are among the lenders providing a US$510 million private credit loan to VinFast Auto,…
Business
Citigroup’s rich clients divert from US to UK despite higher taxes
Some of Citigroup’s wealthy clients are souring on the US and instead looking at the UK, even as Britain hikes taxes on its rich…
Business
Thai telco core profits expected to jump 38% in 2025, outpacing market: Maybank
The core earnings of Thailand’s telecommunications sector are expected to rise 38 per cent in 2025, outpacing the Stock Exchange of…
Business
Sumitomo Mitsui Trust said to shut Hong Kong branch by June 2026
TOMO Mitsui Trust Bank plans to close the lender’s Hong Kong branch by June 2026 and move most of its client operations to the Singapore…