Business
DP World continues expansion in Brazil
Logistic giant DP World has opened a new freight forwarding office in the Brazilian city of São Paulo. The new location in the Jardim…
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Business
Business
Luxury brand Hermes to pass on tariff costs to US clients as sales growth slows
France’s Hermes will fully shift the burden of tariffs in the US to its wealthy clientele, the company said on Thursday (Apr 17), as it…
Business
Swiss Watch Exports Return to Growth As China Slump Slows In March
PARIS — Is it the inflection point for Swiss watches? Exports in March grew by 1.5 percent in value to 2.1 billion Swiss francs despite a…
Business
EXCLUSIVE: Ulta Beauty Appoints Lauren Brindley as Chief Merchandising and Digital Officer
Ulta Beauty has appointed Lauren Brindley as its new chief merchandising and digital officer, effective June 3. Brindley, who most…
Business
India’s IDFC First Bank to raise 75 billion rupees from Warburg Pincus, Adia
The Mumbai-based lender will issue 1.25 billion preference shares to the investors First Bank has approved a plan to raise 75 billion…
Business
ECB to cut rates again to help economy overcome trade turmoil
The European Central Bank (ECB) is expected to cut interest rates for the seventh time in a year on Thursday (Apr 17), looking to prop up…
Business
At Watches and Wonders 2025, Executives Work Through Macro Complications
GENEVA — The latest edition of the Watches and Wonders fair was ready to symbolize the watchmaking industry’s rebound. Rallying after a…
Business
EXCLUSIVE: Autry Opens First Flagship in London’s Soho
MILAN — Autry, the sneakers brand rooted in the vintage Americana aesthetic, is making its retail debut. The footwear label, best known…
Business
EXCLUSIVE: Trellis Health Raises $1.8 Million in Pre-seed Round Ahead of Launch
Health care platform Trellis Health has secured a $1.8 million pre-seed round from Palette Ventures, Swizzle Ventures, NextBlue, Suncoast…
Business
Bank of Korea holds rate steady after inflation sped up and won wobbled
The Bank of Korea (BOK) held its benchmark interest rate steady to foster stability after consumer inflation unexpectedly picked up and…
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…
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…