Business
Trump’s tariff chaos becomes US$700 billion storm for big banks
Financial services are excluded from Donald Trump’s trade war for now. Banks are still feeling the pain. HSBC Holdings’s market value has…
Section
Business
Business
German consumer body opposes EU plans to cut airline liability
Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting…
Business
UOB to inject fresh capital of 2 trillion dong into Vietnam unit, build new headquarters in Ho Chi Minh City
United Overseas Bank (UOB) said on Tuesday (Apr 8) that it will inject additional fresh capital of two trillion dong (S$104 million) into…
Business
Rich Asian investors opt to unwind holdings amid margin calls
Some wealthy clients at Asia’s top private banks are opting to unwind part of their equity investments instead of topping up collateral…
Business
Singapore shares settle lower on Tuesday; STI down 2%, bucks regional indices rebound
Across the broader market, gainers beat decliners 362 to 234, with 2.4 billion shares worth S$3.5 billion transacting The Straits Times…
Business
Japan debt deals worth US$678 million pulled as tariffs roil global markets
Three Japanese companies have postponed the sale of US8.43 million worth of yen-denominated bonds in the wake of global financial market…
Business
EXCLUSIVE: Kering Beauté Names New CEO at Creed
PARIS — Kering Beauté has named veteran beauty executive Nathalie Berger-Duquene chief executive officer of Creed, effective May 6. This…
Business
IBM launches new mainframe in bet that some data stays local
The intense computational requirements of generative AI have increased demand for many kinds of tech hardware International Business…
Business
Venture capitalist Finian Tan of US$33.3m duped in alleged nickel scam
Well-known venture capitalist Finian Tan told the High Court on Tuesday (Apr 8) that he was red-faced by the loss to alleged fraudster Ng…
Business
Imran Khan supporters share manipulated clip of former chief justice
Imran Khan's political party has publicly criticised retired Supreme Court chief justice Qazi Faez Isa of bias in handling legal cases…
Business
Risks of bad loans, slowdown in region spark cuts in banks’ target prices; DBS downgraded to ‘sell’, OCBC, UOB get ‘hold’ rating
Analysts have downgraded their outlook on Singapore banks amid concerns of weaker loan growth and higher credit costs, as US President…
Business
EXCLUSIVE: Frame Names Elisa Albella Chief of Staff
Elisa Albella has been named chief of staff of Frame. Launched in 2012 by Swedish entrepreneurs Erik Torstensson and Jens Grede, the Los…
Business
India says ‘no’ to BYD while wooing rival Tesla to invest
With a 100 per cent duty on fully built vehicles – by far the highest among major economies – the country has long shielded domestic…
Business
A revolution is underway in India's trainer industry
India's trainer market is attractive for overseas firms It's likely that you have not heard of Taiwan's Hong Fu Industrial Group, but look…
Business
Binance founder Zhao to help Pakistan boost crypto trading bid
Crypto trading is steadily gaining traction among Pakistan’s 230-million population despite its central bank’s warning over the risks…
Business
Chinese shipping earnings face ‘harder-than-expected’ tariff hit as recession risks rise
Chinese shippers may see an outsized hit on earnings as the latest tariffs from US President Donald Trump risk hammering global trade.…
Business
US: Dow, S&P 500 lower after volatile session; Nasdaq ends positive
Wall Street stocks finished mostly lower on Monday following a volatile session amid rising recession worries due to President Donald…
Business
Miami Swim Week — The Shows Takes Legal Action to Protect Miami Swim Week Trademark
Miami Swim Week continues to make waves. As reported last week, Paraiso Miami Swim Week, which has organized the swimwear fashion event…
Business
Tesla shares drop amid auto tariffs and 'brand crisis'
Tesla shares took a hit Monday after a leading analyst slashed his price target by more than 40%, citing a “perfect storm” created by…
Business
Indigenous leaders want same clout as world leaders at UN climate talks
Some 8,000 Indigenous people from the Amazon rainforest and the Pacific converged on Brazil's capital Monday to demand an equal say as…
Business
Chanel Invests in Italian Silk Manufacturer Mantero
SILK CUT: As it prepares to show its cruise collection on Italy’s Lake Como, Chanel has invested in a historic local silk producer as part…
Business
DBS’ printing vendor hit by ransomware attack; bank says about 8,200 customers potentially affected
About 8,200 customers of DBS Bank – as well as those of the Bank of China’s Singapore branch – may have had their customer information…
Business
DBS’, Bank of China’s printing vendor hit by ransomware attack; more than 11,000 customers affected
About 8,200 customers of DBS Bank – as well as 3,000 from the Bank of China’s Singapore branch – have had their customer information…
Business
US: Wall St opens sharply lower, S&P 500 nears bear market territory
Wall Street’s main indexes opened sharply lower on Monday (Apr 7), with the S&P 500 on track to confirm bear market territory, as…