Business
Dsquared2, Staff International Resolve Legal Dispute
MILAN — Dsquared2 Group and Staff International are letting bygones be bygones. Their legal dispute has been resolved, as on Monday the…
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Business
Oliver Kahn submits plan for Bordeaux takeover
Former Bayern Munich CEO Oliver Kahn has submitted a formal takeover offer for fourth-division Girondins de Bordeaux, according to…
Business
Bukit Sembawang Estates H2 FY2025 earnings up 13% at S$51.4 million
Property developer Bukit Sembawang Estates reported a net profit after tax of S$51.4 million for the second half of its financial year…
Business
Bukit Sembawang H2 earnings up 13% at S$51.4 million; company proposes higher special dividend
Property developer Bukit Sembawang Estates reported net profit after tax of S$51.4 million for the second half of its financial year…
Business
Germany’s Schwan-Stabilo Group Taps Michele Molon for Group CEO Role
CHANGE IN COMMAND: Michele Molon will become group chief executive officer of Germany’s Schwan-Stabilo Group, the 800 million euro company…
Business
Boustead’s H2 profit up 48 per cent to S$59.1 million
Engineering and technology group Boustead Singapore’s net profit for the six months ended Mar 31, 2024, increased 58 per cent to S$59.1…
Business
HKBN CEO says China Mobile’s HK$7.8 billion offer not good enough, open to more bidders
China Mobile’s HK$7.8 billion (S$1.3 billion) takeover offer for broadband operator HKBN is not good enough and the Hong Kong-based…
Business
Four energy companies from Malaysia, Singapore, Vietnam ink deal to explore clean energy export from Vietnam
Alliance reflects growing momentum towards a regionally integrated Asean Power Grid Four energy companies from Malaysia, Singapore and…
Business
Maybank Q1 net profit rises 4% to RM2.6 billion
Maybank’s net profit for the quarter ended Mar 31, 2025, increased 4 per cent to RM2.6 billion (S$790 million), up from RM2.5 billion in…
Business
Volvo Cars to cut 3,000 jobs in restructuring
Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a…
Business
China raises cross-border renminbi use requirement for major banks
The sharp increase highlights Beijing’s determination to accelerate the use of the renminbi in global trade China’s central bank asked its…
Business
Singapore shares fall amid mixed regional showing; STI down 0.2%
Across the broader market, decliners edge out gainers 268 to 220, after 894.4 million securities worth S$751.7 million change hands Shares…
Business
“Your Friends and Neighbors” and the Perils of the Rich-People-Suck Genre
The first episode of the new Apple TV+ drama “Your Friends and Neighbors” takes pains to explain how one can rake in…
Business
Chinese food delivery giant Meituan net profit up 46.2% in first quarter
The company controls nearly 70% of China’s delivery market, but rising competition could drive up costs and squeeze margins, analysts say…
Business
Chinese EV stocks tumble after BYD slashes prices as much as 34%
BYD led Chinese electric vehicle stocks lower in Hong Kong on Monday (May 26), as investors digested the auto giant’s sweeping price cuts…
Business
Hong Leong Bank forms private banking alliance with Lombard Odier
Bursa-listed Hong Leong Bank (HLB) – a subsidiary of Malaysian tycoon Quek Leng Chan’s Hong Leong Financial Group (HLFG) – on Monday (May…
Business
Australia’s WiseTech agrees to buy E2open for US$2.1 billion
The deal, which will be fully funded through a new US$3 billion debt facility underwritten by a syndicate of nine lenders Australian…
Business
LVMH is Innovating With its Viva Tech Stand
POWER OF TWO: LVMH Moët Hennessy Louis Vuitton, a founding partner in Viva Technology, plans to streamline its awards and displays at the…
Business
India’s central bank seeks approval for overseas rupee lending: sources
India’s central bank is taking another step to internationalise the rupee, seeking approval to allow domestic banks to lend the currency…
Business
Centurion seen as small-cap ‘jewel’ amid demand for dormitory spaces, potential Reit listing
With demand for foreign workers continuing to outpace the supply of dormitory spaces, Centurion Corporation is ramping up capacity and…
Business
Malaysia’s Petronas aims for China, Vietnam expansion while seeking long-term LNG supply
Malaysia’s Petroliam Nasional, or Petronas, aims to expand its liquefied natural gas (LNG) sales into markets such as China and Vietnam…
Business
Cartier Unveils High Jewelry Collection and Gemma Chan as Ambassador
PARIS — While a number of Place Vendôme houses headed south to unveil their latest high jewelry collections, Cartier set its sights due…
Business
Asia’s rich trim US exposure, head to Europe amid tariff turmoil
Asian private banking clients sprang into action over the past month, refusing to sit idle when faced with the whiplash in global…
Business
OpenAI to open office in Seoul amid growing demand for ChatGPT
OpenAI will set up its first office in Seoul and has established an entity in South Korea as demand in the country jumps for its ChatGPT…