Business
Thirteen Lune’s Nyakio Grieco Sued by Investor, Relevance Ventures
Venture Capital firm Relevance Ventures has filed a civil lawsuit against Nyakio Grieco, cofounder of beauty retailer Thirteen Lune, and…
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Business
Business
The Best Acne Treatment for Every Kind of Breakout
Unfortunately for many men, acne long outstays its (relatively speaking) pubescent welcome. The sheer volume of acne treatment types makes…
Business
Keppel eyes better market valuation as it sheds ‘conglomerate discount’
Global asset manager Keppel is eyeing a better valuation from the market, as the company sheds the “conglomerate discount” with its…
Business
Nio to raise HK$4 billion from equity placement to fund R&D
Chinese electric vehicle (EV) maker Nio on Thursday (Mar 27) announced plans to raise HK$4 billion (S$688 million) through a share…
Business
LVMH’s Alexandre Arnault Nominated to Moncler Board
MILAN — Alexandre Arnault, deputy chief executive officer of LVMH Moët Hennessy Louis Vuitton’s wines and spirits division and the son of…
Business
Amazon's Big Spring Sale Is Stacked With Prime-Day-Level Deals
While Prime Day gives you just 48 hours to shop, the Amazon Big Spring Sale gives you a little bit of breathing room. This year, the…
Business
Italy Targets Meta, LinkedIn, and X With Nearly $1B VAT Demand
Italy is demanding hundreds of millions of euros in back taxes from Meta Platforms (NASDAQ:META), LinkedIn, and X in a value-added tax…
Business
US: Wall St opens lower as Trump's auto tariffs sap sentiment
Wall Street’s main indexes opened lower on Thursday (Mar 27), as President Donald Trump’s latest tariff gambit sent auto stocks into a…
Business
Meta’s Asia-Pacific chief quits after a decade-long growth spurt
Meta Platforms is losing its senior-most business executive for the Asia-Pacific, an industry veteran who shepherded some of the social…
Business
Despite Challenging Environment, Zegna Group Sees Sales Rising to Up to 2.4B Euros by 2027
MILAN – Amid market uncertainty, Ermenegildo Zegna Group is confident in its growth prospects. With its full year 2024 results, the…
Business
South Africa’s push for greener packaging
In recent years, South Africa has witnessed a significant shift towards sustainable packaging, reflecting a global trend to minimise…
Business
SingPost completes A$1 billion sale of Australian business
The divestment generated A$781.5 million in gross proceeds and an estimated gain of S$289.5 million Singapore Post (SingPost) said on…
Business
STI hits new high on Thursday; up 0.5% amid mixed regional trading
Singapore stocks extended the week’s gains to end higher on Thursday (Mar 27), with the Straits Times Index (STI) hitting a new high…
Business
China, Hong Kong stocks shrug off new US tariff threat; tech, auto lead gains
The chip sector rallies 1.3%, while automobiles sub-index also reverses losses to climb up 0.9%, leading onshore markets higher China and…
Business
Singapore fund inflows surge 167% to S$7.6 billion for 2024: Morningstar
Total net inflows into Singapore-registered funds hit S$7.6 billion for 2024, a surge of 167 per cent from S$2.85 billion in 2023,…
Business
H&M Net Profit Down 53% in Fiscal Q1 As Gross Margin Contracts
PARIS – Hennes & Mauritz AB said net profit halved in the first quarter as its gross margin came under pressure from markdowns, ongoing…
Business
SK Hynix says some customers brought forward orders ahead of US tariffs
South Korea’s SK Hynix, the world’s second-largest memory chipmaker, said on Thursday (Mar 27) that some customers have brought forward…
Business
BlackRock’s head of Asia-Pacific private credit Celia Yan to leave firm
Her team has deployed over US$200 million in 2024, over US$1.8 billion historically and been able to generate a 16 per cent gross internal…
Business
Foxconn plans EV event in Japan to woo manufacturers: sources
Foxconn is set to hold a seminar in Japan on April 9 to lay out its strategy on electric vehicles, two sources with direct knowledge of…
Business
Marcolin Sees Profitability Growth in 2024 Amid Stable Sales and Strategic Brand Expansion
MILAN — Eyewear firm Marcolin closed 2024 on solid ground, with improved profitability and growth in the key Europe, Middle East and…
Business
Turkey says Chery Auto’s partners to invest US$1 billion in plant to make 200,000 cars a year
[ANKARA/BEIJING] Turkey said on Wednesday (Mar 26) that Chery Automobile’s partners will invest US$1 billion in a manufacturing facility…
Business
UOB set to issue US$2 billion in dollar-denominated notes across 3 tranches
UOB is set to issue US$2 billion (S$2.7 billion) in a three-tranche US dollar-denominated senior bond offering, it said on Thursday (Mar…
Business
Paragon Reit unitholders to vote on proposed privatisation on Apr 22
Unitholders will vote on the proposed privatisation of Paragon Reit in an extraordinary general meeting (EGM) and scheme meeting on Apr…
Business
China banks ramp up bad property loan disposals to boost economy
China’s big banks are accelerating a drive to write off soured property loans to clean up their balance sheets as they heed calls by…