Business
Temasek-backed insurance services firm Specialist Risk Group sets up Asia-Pacific hub in Singapore
London-headquartered Specialist Risk Group (SRG) announced the formal launch of its Asia-Pacific operations on Tuesday (Mar 25),…
Section
Business
Business
Tesla’s EU sales plunge 49% year-on-year in first two months of 2025: industry body
European sales of Tesla electric cars dropped 49 per cent in January-February compared with the same period a year earlier, the ACEA…
Business
DFI could offer a special dividend after selling Cold Storage, Giant and other units: CGSI
could potentially issue a special dividend of following its divestment of its Singapore food business to South-east Asian retail…
Business
Cold Storage, Giant customers can expect cheaper products, more variety after takeover, buyer says
Customers of Cold Storage and Giant can expect more value for money, a greater variety of merchandise and new outlets following the sale…
Business
Indonesian rupiah falls to lowest since Asian financial crisis
The central bank has repeatedly intervened in the markets this year, while the government implemented a rule forcing commodity exporters…
Business
Cathay Pacific will comply with stricter rules on power banks
Cathay Pacific Airways has been forced fall into line with its airline peers on rules governing portable power banks after the Hong Kong…
Business
StanChart boosts private credit presence with new hires in India
The bank has also appointed Ankit Dokania as director for the same team, and S Siddharth as executive director for private and traded…
Business
Alibaba’s chairman warns of a ‘bubble’ in AI data centre buildout
Alibaba Group Holding chairman Joe Tsai warned of a potential bubble forming in data centre construction, arguing that the pace of that…
Business
Ex-Goldman analyst’s hedge fund reaps 300% on small Japan banks
Katsunori Tanaka spent most of his 19 years at Goldman Sachs scrutinising Japan’s biggest banks as an equity analyst. Now he’s making…
Business
Old video from India falsely shared as 'locals fighting robbers in Bangladesh'
As concerns grew at the rising crime levels in Dhaka, an old clip was mispresented as locals battling criminals in the Bangladeshi…
Business
China’s steel market is still in thrall to bleak property data
Chinese steel prices are languishing, despite signs of resilience in the wider economy and the approach of peak demand season in the…
Business
23andMe’s bankruptcy puts 15 million users’ DNA info on auction block
Millions of Americans who sent their saliva to 23andMe in the hopes of finding lost relatives or identifying health risks buried in their…
Business
Xiaomi raises US$5.5 billion in share sale for business expansion
China’s Xiaomi Corp said on Tuesday it had raised US$5.5 billion in an upsized share sale that will help fund the acceleration of its…
Business
Crypto exchange Kraken explores up to US$1 billion debt package
Crypto exchange Kraken is exploring raising as much as US$1 billion in debt ahead of a potential initial public offering, according to…
Business
What Pulled Hudson’s Bay Underwater
Even before Richard Baker’s NRDC firm took control of the Hudson’s Bay Co., the Toronto-based department store chain was a sinking ship.…
Business
How Retailers Like Macy’s and Target Are Pushing Ahead on AI While Balancing Risk With Reward
Retailers are more apt to tout their strengths than to wallow in their worries — at least publicly. But there is one place where that’s…
Business
Martin Miller, Architect of Cremieux-Dillard’s Deal, Dies at 94
Martin Miller, a well-known fixture in the apparel industry who brokered a deal between Dillard’s Department Stores and the Daniel…
Business
‘Nova Scotia House’ Reimagines London’s Queer Life and History
LONDON — The British journalist Charlie Porter, who has just released his debut novel “Nova Scotia House” (Particular Books), owes a lot…
Business
23andMe shares tumble after bankruptcy filing and California attorney general's privacy warning
South San Francisco-based genetic testing venture 23andMe saw its shares plunge more than 50% Monday after the company announced it had…
Business
South Korea’s Hyundai to announce US$20 billion US investment, new steel plant
[WASHINGTON/SEOUL] South Korea’s Hyundai Motor Group is set to announce a US$20 billion investment in the US at the White House on Monday…
Business
Globally, Department Store Sales Declined 1.9% in 2023
Sales at 59 department stores around the world fell on average 1.6 percent in 2023, according to tabulations by the International…
Business
US: Wall St opens higher on Trump's softened tariff stance
US stock indexes opened higher on Monday (Mar 24), helped by signs the Trump administration is taking a measured approach on tariffs…
Business
BYD surpasses US$100 billion in annual sales, beating estimates
BYD’s sales last year surpassed the US$100 billion mark, leapfrogging Elon Musk’s Tesla on revenue, as the Chinese auto giant wows…
Business
ESR Reit completes sale of two logistic warehouses for S$6.8 million
THE manager of ESR Real Estate Investment Trust (ESR Reit) has completed the divestment of two logistics properties in Singapore for S$6.8…