Business
Malaysia Airlines parent reports lower profit in 2024
Malaysia Airlines’ parent company Malaysia Aviation Group (MAG) reported a second consecutive annual profit in 2024, but it fell 93 per…
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Business
Business
Insurance Claims: The New AI Reality
The world of insurance claims is changing fast, and a big part of that change is artificial intelligence (AI). While some worry that AI…
Business
Bhutan turns to 'green' cryptocurrency to fuel economy
By Rupam Jain NEW DELHI (Reuters) - The Himalayan nation of Bhutan is exploring ways to mine and leverage green cryptocurrencies using…
Business
PGIM to invest US$2 billion in Asia property, unfazed by tariffs
PGIM Real Estate, the property arm of Prudential Financial’s asset manager, expects to invest about US$2 billion across the Asia-Pacific…
Business
Gold continues record rally as trade war woes fuel safe-haven demand
Gold extended its record rally on Thursday (Apr 17) as investors sought refuge in safe-haven assets amid an intensifying global trade…
Business
Stocks to watch: CapitaLand Investment, Keppel DC Reit, Nam Cheong, Kore
The following companies saw new developments that may affect trading of its securities on Thursday (Apr 17). CapitaLand Investment (CLI):…
Business
Perplexity in talks to integrate assistant into Samsung, Motorola phones
Perplexity AI, an artificial intelligence (AI) startup vying with Google and OpenAI, is ramping up efforts to get prime placement for its…
Business
TSMC upbeat on outlook as robust AI demand offsets tariff uncertainty
Taiwan Semiconductor Manufacturing Co (TSMC) gave a bullish outlook for the year on robust demand for artificial intelligence (AI)…
Business
AMD says US rule on chips to China could cost it US$800 million
Chip developer Advanced Micro Devices (AMD) on Wednesday (Apr 16) said it expects new US licensing requirements for semiconductors…
Business
Europe: Shares close lower as ASML warns US tariffs cloud outlook
European shares closed lower on Wednesday (Apr 16), weighed down by semiconductor-related stocks after the world’s biggest chip-making…
Business
The Vitamin Shoppe Is Being Sold to Private Equity Companies
Two private equity firms, Kingswood Capital Management and Performance Investment Partners, have entered into a definitive agreement to…
Business
Industry players see room for private credit market to grow in South-east Asia
Private credit funds, where investors pool their capital to enable the fund manager to provide loans to companies, are seeing greater…
Business
CaaStle Gets $2.75M Bridge Loan to Plan Chapter 11 Filing and Weigh Strategic Transactions
CaaStle — the embattled fashion rental service that descended into chaos late last month — got a little bit of breathing room from a $2.75…
Business
Bulgari Inaugurates Expanded Valenza Facility, World’s Largest Single-brand Jewelry Manufacturing Site
VALENZA, Italy— Bulgari officially inaugurated on Wednesday its newly expanded production facility in Valenza, which chief executive…
Business
Brunello Cucinelli Posts Growth in Q1, Cites Solid Upward Trend in April
MILAN — Even in an economic downturn, Brunello Cucinelli seems to stay in style. In its first-quarter results, the Solomeo-based company…
Business
Court hears of nickel trading accused’s lavish purchases, including million-dollar diamond ring
Alleged nickel fraudster Ng Yu Zhi had “five families” – his wife, ex-wife and three girlfriends – one of his former employees told the…
Business
US: Wall Street falls, Nvidia drops after new US chip export curbs
Wall Street fell on Wednesday (Apr 16), with the Nasdaq leading declines after Nvidia flagged steep charges from new US controls on chip…
Business
Mall of the Emirates Unveils $1.36 Billion Transformation
DUBAI —Majid Al Futtaim has unveiled an ambitious $1.36 billion metamorphosis of the Mall of the Emirates, the original temple of luxury…
Business
Hong Kong stocks drop on trade war anxiety, China inches higher
Hong Kong shares fell on Wednesday (Apr 16), dragged by technology stocks, after the US restricted Nvidia chip sales to China, raising…
Business
Malaysia's Petronas secures extra gas supply after hit from Putra Heights pipeline fire
Malaysian oil and gas giant Petroliam Nasional said on Wednesday (Apr 16) it has secured additional gas supplies to minimise supply…
Business
Heineken's Q1 sales slightly beat forecasts
“...we are performing within the range of expectations,” says CEO Dolf van den Brink Source link
Business
PwC exits more than a dozen countries to avoid scandals: FT
PwC has shut down operations in more than a dozen countries that are deemed too small, risky or unprofitable, as the Big Four accounting…
Business
China Southern is said to mull Hong Kong IPO of cargo unit
The deal may be coming at a tricky time for the company, which relies on Chinese exports that are under threat because of the country’s…
Business
Hermes’ market value surpasses that of former suitor LVMH
Hermes’ market capitalisation surpassed that of rival LVMH, the conglomerate which tried to buy the maker of the coveted Birkin bag in a…