Business
Virgin Australia returns to stock market with launch of A$685 million IPO
Virgin Australia is set to return to the stock market after a five-year absence, with the Bain Capital-owned airline launching a A$685…
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Business
Business
Garuda said in talks for US$500 million from Indonesia wealth fund
Garuda Indonesia is in talks with the country’s sovereign wealth fund Danantara about an injection of around US$500 million, according to…
Business
Nio records US$949.6 million net loss for Q1
Chinese electric vehicle maker Nio posted a net loss of US$949.6 million for its first quarter of 2025 ended March, representing a 31.1…
Business
Global funds weigh whether Indonesia market rebound was too fast
Indonesia’s financial markets have bounced back after a torrid few months, sparking a debate on whether the rally can last. RBC BlueBay…
Business
Japfa to delist from SGX on Jun 6
The agri-food company said privatisation would provide the offerors and management with greater flexibility to manage and grow the…
Business
Stoneweg E-Reit announces strategic stapling to form stapled trust
On completion of the proposed stapling, the stapled entity will be named ‘Stoneweg Europe Stapled Trust’ or Sert for short The manager of…
Business
Top scientist wants to prevent AI from going rogue
Concerned about the rapid spread of generative AI, a pioneer researcher is developing software to keep tabs on a technology that is…
Business
US efforts to boost crop sales to Asia bear fruit in Vietnam
US efforts to increase exports of agricultural products to Asia, excluding China, look to be bearing fruit, with Vietnam pledging to buy…
Business
Stocks to watch: CapitaLand Investment, Nio, Japfa, Stoneweg E-Reit, Grand Venture, Frencken
The following companies saw new developments that may affect trading of their securities on Wednesday (Jun 4). CapitaLand Investment…
Business
Global alarms rise as China’s critical mineral export ban takes hold
Alarm over China’s stranglehold on critical minerals grew on Tuesday (Jun 3) as global automakers joined their US counterparts to complain…
Business
Global alarms rise as China’s critical mineral export curbs takes hold
Alarm over China’s stranglehold on critical minerals grew on Tuesday (Jun 3) as global automakers joined their US counterparts to complain…
Business
HPE posts strong revenue growth, sees reduced tariff impact
Hewlett Packard Enterprise (HPE) reported quarterly revenue that topped estimates and said it expects a reduced impact from tariffs on its…
Business
Europe: Shares flat amidst inflation data, trade jitters
EUROPE’S benchmark stock index ended little changed on Tuesday, as investors ceded ground under the dual pressure of softening economic…
Business
Fed’s Bostic wants more progress on inflation, in no rush to cut
US Federal Reserve Bank of Atlanta president Raphael Bostic said he’s in no rush to move interest rates, adding he wants to see “a lot”…
Business
US: Stocks advance on hopes of China trade deal
Wall Street stocks bounced on Tuesday as investors hoped for upcoming trade deals to cool tensions from US President Donald Trump’s…
Business
Saks Said to Pursue Joint Venture to Expand Bergdorf Goodman
The reinvention at Saks Global might be about to touch the Bergdorf Goodman business. Sources said the company has had “preliminary…
Business
All the Beauty Retail Expansions of 2025
All the beauty and wellness retail expansions of 2025. June Silverist, the hair care brand for natural gray hair, has launched online at…
Business
US: Wall Street opens mixed as investors await trade negotiations
Wall Street’s main indices opened mixed on Tuesday (Jun 3) as investors awaited possible negotiations between the United States and its…
Business
Thailand and Indonesia could be growth laggards in Asean: Nomura
Thailand and Indonesia are expected to be growth laggards within Asean, noted Euben Paracuelles, chief Asean economist at Nomura at the…
Business
Semiconductor manufacturer Frencken to build new S$63 million plant in Kaki Bukit
Semiconductor maker Frencken will invest S$63 million to build a new and larger five-storey manufacturing facility in Kaki Bukit. The new…
Business
Grand Venture Tech’s Q1 after-tax net profit up 27.7% to S$2.6 million
Manufacturing-service provider Grand Venture Technology (GVT) on Tuesday (Jun 3) posted a first-quarter net profit after tax of S$2.6…
Business
Temasek’s Mapletree Investments returns to profit, hits record AUM of S$80.3 billion in FY2025
Temasek’s Mapletree Investments reversed a loss from the previous year to turn a profit of S$227.2 million for the full-year ended Mar 31,…
Business
Huda Kattan Takes Full Ownership of Huda Beauty
Just a year after re-assuming her role as chief executive officer, Huda Beauty founder Huda Kattan is tacking on “owner” to her title,…
Business
GAC launches in Ethopia with emphasis on NEV ecosystem
China-based GAC International has held a brand launch event in Addis Ababa, capital of Ethiopia, officially announcing its "Ethiopia…