Business
Distressed Cathay Cineplexes to shutter JEM outlet on Thursday as landlord ends lease
Struggling cinema chain Cathay Cineplexes will wind down business operations at its JEM outlet in Jurong East on Thursday (Mar 27). This…
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Business
Business
OpenAI nears record US$40 billion funding round led by SoftBank
OpenAI is close to finalising a US$40 billion funding round led by SoftBank Group – with investors including Magnetar Capital, Coatue…
Business
UOB taps rising South Korean interest in Asean with new FDI advisory centre in Seoul
South Korean firms eyeing expansion into Asean can now tap UOB’s support, following the launch of its Foreign Direct Investment (FDI)…
Business
Xpeng may add EV output in Europe, Latin America in growth push
Chinese electric vehicle (EV) maker Xpeng is looking to ramp up its global expansion, including investing in manufacturing plants and…
Business
Fidelity tests stablecoin in latest Wall Street blockchain push
Fidelity Investments is testing a stablecoin, as large financial firms continue to dive into one of crypto’s fastest-growing sectors.…
Business
Europe: Shares end lower as US tariff deadline looms
European shares closed lower on Wednesday (Mar 26), dragged by technology and healthcare stocks, while investors remained concerned about…
Business
X ad sales expected to grow for first time since Musk deal
Elon Musk’s X is on pace for its first year of advertising revenue growth since the billionaire acquired the company in 2022, according to…
Business
Bombardier announces Principle Finance acquired two Challenger 650 aircraft
Bombardier (BDRBF) Defense announced that Principle Finance, a renowned provider of customised operating lease for aircraft in Australia,…
Business
As Malaysia’s Sapura Energy tumbles, Petronas’ silence is telling
The country’s national oil giant had propelled Sapura Energy into the big league but is now watching on the sidelines as the once-sector…
Business
Rivian spins out startup focused on small, lightweight electric vehicles
Rivian, known for its large electric trucks, is setting its sights on small and lightweight vehicles. The Irvine-based automaker said…
Business
Community Service: McMillan Recognized for Leadership
ROCKWALL, TEXAS—Velma M. McMillan, an entrepreneur and financial expert, has been recognized for her leadership in the insurance and…
Business
Tesla Stops FSD Free Trial in China Just One Week After Its Launch
China’s new Full Self-Driving regulations compound Tesla’s troubles Tesla has suspended its free Full Self-Driving (FSD) trial in China…
Business
China bubble tea chain Mixue profits spike 40% in 2024
Chinese bubble tea and drinks firm, Mixue Group, which has surpassed McDonald’s and Starbucks in store count to become the world’s largest…
Business
UniCredit, UBS, Nomura lose appeal against EU bond cartel fines
A view of the UBS Group AG logo on the bank's branch in down town Frankfurt. Sebastian Gollnow/dpa Three banking majors, Italy's…
Business
C&A streamlining continues with France store closures announced
In a statement to Just Style, a C&A spokesperson said following a consultation project to “redefine its store portfolio”, the management…
Business
Vena Energy invests $200m in South Korea’s Yokji Offshore Wind Project
Green energy solutions provider Vena Energy has announced a Won292.89bn ($200m) investment in South Korea's renewable energy sector. This…
Business
UMS Integration, Grand Venture Technology get nods for secondary listing in Malaysia
The two semiconductor players want to list across the Causeway, where initial public offerings have been on the rise SINGAPORE-LISTED UMS…
Business
Pop Mart profit more than doubles driven by Labubu-doll craze
The resultant strong overseas sales have turned Pop Mart into one of the hottest stocks, with shares up 350 per cent in the past year Pop…
Business
Bride Says Groom's Parents Are Unhappy They're Not Serving a 'Traditional' Wedding Cake: 'They Hate the Idea'
A bride is planning her Italian nuptials, but her fiancé’s parents have made it abundantly clear they’re unhappy about her non-traditional…
Business
Defence contractor sold for 1 euro is one of Europe’s hottest stocks
A 1 euro bet on a struggling Austrian engine maker has turned into one of the hottest investments in Europe thanks to the boom in defence…
Business
DBS leading race to buy controlling stake in Indonesia's Panin Bank
DBS Group, South-east Asia’s top bank by assets, is the frontrunner to buy a controlling stake in Indonesia’s Panin Bank, three people…
Business
ECB pushes back against calls for looser bank rules
The European Central Bank (ECB) has pushed back against calls to loosen rules for eurozone banks despite fears they could fall behind US…
Business
ST Engineering and HTX form JV company with initial capital of S$10 million
The JV company, Codex Solutions, will focus on developing and maintaining in-house software capabilities for the Home Team ST…
Business
Trust Bank rolls out anti-scam feature money lock
Trust Bank announced the roll-out of its money lock feature, Trust Lock, for customers on Wednesday (Mar 26). This allows Trust customers…