Business
US: Wall St opens higher on China trade de-escalation hopes, Fed decision
Wall Street’s main indexes opened slightly higher on Wednesday (May 7) as investors hoped for a de-escalation in trade tensions with…
Section
Business
Business
Lendlease Global Commercial Reit posts 10.4% retail rental aversion for Q3 FY2025
Lendlease Global Commercial Real Estate Investment Trust (LReit) on Wednesday (May 7) posted a positive retail rental reversion of 10.4…
Business
Grab looks to strike a deal to acquire Indonesia’s GoTo in Q2: sources
[SINGAPORE,HONG KONG] US-listed ride-hailing and food delivery firm Grab is looking to strike a deal to take over smaller Indonesian rival…
Business
Amara appoints W Capital Markets as IFA for offer from Hwa Hong-led consortium
Hotel group Amara on Wednesday (May 7) said it has appointed W Capital Markets as its independent financial adviser as it considers a…
Business
Potential solar boom in South-east Asia an opportunity to invest in storage systems
In the face of punishing solar tariffs from the US, South-east Asia has a silver lining: a glut in the supply of photovoltaic panels could…
Business
Alibaba, Xiaohongshu in tie-up as China e-commerce competition intensifies
Chinese e-commerce giant Alibaba is partnering with popular content platform Xiaohongshu to allow users on Xiaohongshu to directly click…
Business
Singapore-based biotech firm Nuevocor raises US$45 million in Series B round
Biotechnology company Nuevocor announced on Wednesday (May 7) that it completed a US$45 million Series B funding round from new and…
Business
Ex-Pavilion Energy chief Alan Heng to lead Singapore’s new central gas entity
Singapore has established a new government-owned entity to centralise natural gas procurement, and appointed Alan Heng, who previously led…
Business
Mitsubishi Motors signs MOU to outsource EV model development to Foxconn unit
Japanese automaker Mitsubishi Motors and Foxconn subsidiary Foxtron Vehicle Technologies have signed a memorandum of understanding (MOU)…
Business
Hong Kong dollar interest rate falls most since 2008 after intervention
The Hong Kong dollar’s funding costs plunged the most since 2008, as the monetary authority’s intervention to defend the currency peg…
Business
Lucien Pagès Communication, AIPR Partner on New Agency
LONDON — Lucien Pagès Communication and fellow agency AIPR are joining forces in an ever-more competitive climate for fashion and…
Business
EXCLUSIVE: More Executive Changes for Flos B&B Group as Arclinea Family CEO Steps Down
MILAN — Italian luxury design conglomerate Flos B&B Italia Group, which is said to be in the throes of a major phase of restructuring, on…
Business
EXCLUSIVE: Patrick Dempsey Named Face of Tag Heuer Eyewear
EYES ON THE ROAD: After more than a decade, Tag Heuer and Patrick Dempsey are shifting gears in their relationship. The actor and…
Business
Aims Apac Reit posts higher DPU of 2.6% on steady portfolio performance
The manager of Aims Apac Reit reported higher distribution per unit of S$0.096, up 2.6 per cent on the year for the second half ended Mar…
Business
Fed to hold rates steady as pressures mount
FEDERAL Reserve officials are widely expected to leave interest rates unchanged on Wednesday (May 7) as they await clarity on the Trump…
Business
National Australia Bank’s first-half cash earnings up 1% on lending volume growth
ONAL Australia Bank, the country’s biggest business lender, said on Wednesday its first-half cash earnings rose 1 per cent, helped by…
Business
SKP Beijing to Sell 42 to 45 Percent Stake to Boyu Capital
SKP Beijing, China‘s top-grossing luxury department store operator, is slated to sell around 42 to 45 percent of the company to Boyu…
Business
Coty Reports $71.1M Loss on Skkn Divestiture Amid Q3 Revenue Decline
Coty made a $71.1 million loss on the divestiture of Skkn, Kim Kardashian’s beauty business, the company said in its third-quarter…
Business
Decagon CEO On Startup Growth Strategies
The conversation centered on the journey of a startup founder who has built two companies, highlighting lessons learned from early…
Business
'Shared border also means shared responsibility,' Austria tells Merz
Austrian Chancellor Christian Stocker has congratulated fellow conservative Friedrich Merz on being elected the 10th chancellor of modern…
Business
French Start-up Faircraft Acquires IP, Patents as Kering-backed VitroLabs Shuts Down
PARIS — French lab-grown leather company Faircraft has acquired the strategic assets of U.S.-based VitroLabs. VitroLabs, which raised $46…
Business
Pony.ai Stock Jumps After Major Robotaxi Deal with Uber
Uber (NYSE:UBER) and Pony.ai (NASDAQ:PONY) unveiled a strategic partnership Tuesday to launch autonomous robotaxi services in the Middle…
Business
US: Wall St opens lower on fresh tariff threats
Wall Street’s main indexes opened lower on Tuesday, after US President Donald Trump’s latest plans for pharma tariffs further dampened…
Business
Citigroup to partner with Swiss bourse in private markets push
Citigroup is partnering with Switzerland’s stock exchange SIX Group as part of a push by the Wall Street lender to make it easier for…