Business
Europe: Shares recover ground as markets brace for US tariff deadline
EUROPEAN shares rebounded on Tuesday from a two-month low touched in the previous session, while the market braced for an impending April…
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Business
Business
PVH Striding Into 2025 Despite Some Hiccups Reintroducing Calvin Klein Sportswear in the U.S.
Billboard Women in Music 2025 brought PVH Corp. into 2025 with just a hint of swagger — even despite some uncertainty in China and growing…
Business
Macy’s Names Thomas J. Edwards Chief Financial and Chief Operating Officer, Succeeding Adrian Mitchell
In a surprise move, Adrian Mitchell, Macy’s Inc.’s chief financial officer and chief operating officer, is leaving the company and is…
Business
Ghibli-inspired viral feature drives record ChatGPT usage
The frenzy to create Ghibli-style AI art using ChatGPT’s image-generation tool led to a record surge in users for OpenAI’s chatbot last…
Business
US: Wall Street opens lower as Trump tariffs loom
US stock indexes opened lower on Tuesday (Apr 1), marking a gloomy start to the quarter, as investors braced for the impending storm of…
Business
EY Future Consumer Index Reveals Dramatic Shifts in Shopper Behavior Amid Inflation and Rising Costs
Shoppers and brands now operate according to completely new principles in a consumer environment that is undergoing rapid transformation.…
Business
Austria wine exports decline in 2024 amid “volatile” market
Austrian wine exports declined both in terms of value and volume in 2024 due to the “difficult market situation around the world”, the…
Business
Intel will spin off non-core units, says CEO Tan Lip-Bu
Intel chief executive officer Tan Lip-Bu said the chipmaker will spin off assets that are not central to its mission and create new…
Business
On Co-CEO Marc Maurer to Leave Company After 12 Years
On Holding is transitioning to a single chief executive officer. The Zurich-based sports brand said Tuesday that co-CEO Marc Maurer will…
Business
Straits Times Index closes slightly lower after cutting intra-day losses
The Singapore blue-chip gauge Straits Times Index slid almost 0.8 per cent during intra-trading but managed to erase the losses and closed…
Business
UOB to take legal action against former Yang Kee Logistics CEO, The Online Citizen over ‘defamatory’ remarks
The bank says Ken Koh failed to retract and apologise for the allegations he made UOB will initiate legal proceedings against Ken Koh, the…
Business
Decathlon sees 5.2% revenue growth in 2024
French sporting goods retailer Decathlon Group has reported a revenue increase of 5.2% in 2024 at constant exchange rates compared to the…
Business
Hooters files for bankruptcy as brand eyes turnaround plan
It listed assets of US$50 million to US$100 million and liabilities in the same range in its petition Hooters of America has filed for…
Business
Singapore's GLP closes first digital infrastructure fund at US$358 million in AUM
Singapore-based GLP has successfully wrapped up its inaugural digital infrastructure-based fund, the GLP China IDC Income Fund I, with…
Business
Unilever Snaps Up British Sustainable Deodorant Brand Wild
Unilever has acquired British sustainable deodorant brand Wild for an undisclosed sum. Other terms of the deal also were not disclosed,…
Business
UOB cuts interest rate on flagship One Account, joins OCBC in 360 Account cut
UOB will cut interest rates on its flagship savings account, the One Account, in line with interest rate expectations. With effect from…
Business
Australia’s central bank holds rates steady, warning of ‘pronounced’ global risks
Australia’s central bank on Tuesday left its cash rate steady as widely expected, saying it was still cautious about the outlook, although…
Business
Ho Bee Land drops AVJennings bid; Australian property developer to be acquired by US fund
Real estate group Ho Bee Land on Tuesday (Apr 1) said it has decided not to proceed with its offer for Australian property developer…
Business
YZJ Financial falls 10% after announcement of divestment of entire treasury shareholding
Shares of Yangzijiang Financial, the financial arm of Yangzijiang shipbuilding, fell 10 per cent after the company on Sunday (Mar 30) said…
Business
YZJ Financial falls 10% on placement of treasury shares at S$0.72 each
Shares of Yangzijiang Financial, the financial arm of Yangzijiang shipbuilding, fell 10 per cent after the company on Sunday (Mar 30) said…
Business
Keppel divests entire stake in Vietnam’s Palm City for 2.6 trillion dong
Global asset manager Keppel, through its real estate division, has divested its entire 42 per cent stake in South Rach Chiec City – the…
Business
Cordlife served two letters of demand from customers; any settlement likely to hit group’s finances
One group of clients seeking damages under contract breach, negligence; the other wants warranties and cost compensation Cordlife received…
Business
OpenAI finalizes a record $40-billion funding round
OpenAI, the artificial intelligence company behind ChatGPT, said it has finalized a funding round that will bring in $40 billion from…
Business
US judge rejects J&J’s US$10 billion baby powder settlement
A US bankruptcy judge on Monday rejected Johnson & Johnson’s US$10 billion proposal to end lawsuits alleging that its baby powder and…