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…
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Business
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…
Business
DBS’ new CEO Tan open to ‘bolt-on’ acquisitions
DBS Group’s incoming CEO Tan Su Shan is open to “bolt-on” acquisitions, and will focus on boosting the Singaporean lender’s high-return…
Business
China’s Xiaomi to raise up to US$5.27 billion from share sale
The money raised is earmarked for business expansion, investment in research and technology development and general corporate purposes…
Business
Malaysia central bank sees significant growth hurdles ahead
Malaysia’s central bank said growth risks loom large in its monetary policy considerations, as brewing global trade disputes and…
Business
BOJ to raise rates if price outlooks to be achieved, deputy governor says
The Bank of Japan would continue raising interest rates if the central bank’s outlooks on the economy and prices are likely to be…
Business
From Caregiver to Changemaker: Kristin Tomasello's Mission to Empower Special Needs Communities and Promote Healthier Living
In today’s fast-paced business world, where profits often take precedence over purpose, Kristin Tomasello stands as a refreshing anomaly.…
Business
Nvidia investors look to CEO keynote to keep rebound going
Nvidia shareholders are hoping that a keynote speech from chief executive Jensen Huang can deliver enough optimism to help sustain the…
Business
Business Equipment: Asset or Liability?
Understanding the nature of your equipment is key to managing your finances when running a business. Equipment plays a vital role in…
Business
S-Reits surge as banks decline; see beginnings of a rebound
Trade tensions in global markets were evident in the performance of global banks in recent weeks. The Singapore trio of DBS, OCBC and UOB…
Business
Are Nigerians abroad widening the class divide back home?
Scenes playing out in Nigeria during holiday periods could be in a movie: emotional reunions at airport terminals, champagne flowing like…
Business
Career Coaches: Worth the Money?
Are you considering hiring a career coach but unsure if it’s worth the expense? You’re not alone. Many people hesitate to invest in…
Business
Volkswagen's Fight for Relevance in China: Can 11 New Models Turn the Tide?
Can VW regain its rank? Volkswagen, once the dominant foreign automaker in China, is struggling to keep pace in the country’s rapidly…
Business
Skims Acquires SKKN By Kim From Kim Kardashian and Coty
After months of speculation, Kim Kardashian and Coty are parting ways. Skims, Kim Kardashian’s shapewear and apparel company, has acquired…
Business
Musk tells Tesla employees to hold on to their stock amid protests
Tesla Chief Executive Elon Musk told employees to hold on to their stock and stay optimistic amid a series of blows to his company’s…