Business
Battle erupts between billionaire Kwek Leng Beng and son Sherman Kwek for control of CDL
A tussle between father and son for control of property giant City Developments Limited (CDL) was revealed on Feb 25 with executive…
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Business
Business
Super Micro jumps after filing delayed financial reports
SUPER Micro Computer gained more than 20 per cent in extended trading after it submitted outstanding financial reports to become compliant…
Business
OCBC shares fall nearly 3% after Q4 earnings miss
Net profit of S$1.69 billion for the fourth quarter fell short of the S$1.78 billion consensus forecast SHARES of OCBC fell in early…
Business
SingPost to hold EGM on Mar 13 to seek shareholders’ approval for sale of Australia business; mulls special dividend
SINGAPORE Post (SingPost) said on Wednesday (Feb 26) it will hold an extraordinary general meeting (EGM) to seek shareholders’ approval…
Business
Coupang Says Farfetch Turnaround Is Taking Root
LONDON— Farfetch turned a profit in the fourth quarter of 2024 and parent Coupang is confident that its turnaround strategy for the…
Business
How to Build Wealth for Retirement: Smart Investing Strategies
If you want to build wealth for retirement, it will require careful planning, disciplined investing, and a long-term perspective. Whether…
Business
Italy extends big tech tax probe to Musk’s X social network
ITALY is claiming 12.5 million euros (S$17.4 million) from Elon Musk’s social network X following a tax probe running parallel to one into…
Business
Saks Global Is Cutting 5 Percent of Its Corporate Workforce
Saks Global is cutting 5 percent of its corporate workforce, or just under 150 staffers, WWD has learned. The cutback is part of the…
Business
Eddie Lampert Pressures Lands’ End to Find a Buyer
Edward “Eddie” Lampert wants Lands’ End to find a buyer. Lands’ End said on Tuesday that it received a letter from Lampert, its majority…
Business
Forest City could become cheaper, secondary family office hub to complement Singapore
While the fundamentals are there, it is too early to tell if the zone could become a regional wealth centre MALAYSIA’S Forest City could…
Business
Visionnaire Sets the Tone With Milan Showroom Revamp, Gears Up for London and Shanghai Openings
MILAN — Outfitted with an art space and a vegan bistro, upscale Italian design firm Visionnaire wants end consumers to hang out a while.…
Business
Japan's ANA to purchase mega-order of 77 new jets
Japan's All Nippon Airways (ANA) will have approximately 320 aircraft in its fleet by the financial year 2030 (Richard A. Brooks) Japan's…
Business
Juana Gets a Power-packed Rebrand
In the crowded skin care space, it takes something revolutionary to capture the attention of industry titans. For Juana, the CBD-powered…
Business
Joann Is Going Out of Business, Remaining Stores Will Conduct Final Sales
Fabrics and crafts retailer Joann is officially going out of business. After 80 years in the market, the company is closing its 800 stores…
Business
US: S&P 500, Nasdaq muted as US plans tighter curbs on chip exports to China
The benchmark S&P 500 and the Nasdaq had a subdued start on Tuesday (Feb 25) as markets braced for the potential impact of more stringent…
Business
Macy’s Inks New Deal to Expand Broadcasting Fourth of July, Thanksgiving Parade Events
Macy’s Inc. signed a new rights deal with NBCUniversal for Macy’s Thanksgiving Day Parade and Macy’s Fourth of July Fireworks on NBC,…
Business
SingLand H2 net profit rises 76% to S$180.5 million on higher revenue from hotel ops
SINGAPORE Land Group (SingLand) reported a net profit of S$180.5 million in the second half ended Dec 31, up 76 per cent from S$102.4…
Business
Shell expects 60% rise in global LNG demand by 2040 as Asia leads growth
GLOBAL demand for liquefied natural gas is estimated to rise by around 60 per cent by 2040, driven largely by economic growth in Asia, AI…
Business
Arctic doomsday seed vault gets more than 14,000 new samples
COPENHAGEN (Reuters) - A "doomsday" vault storing food crop seeds from around the world in man-made caves on a remote Norwegian Arctic…
Business
Business Insurance Secrets Revealed
Running a business is no small feat, and protecting it with the right insurance is just as important as managing daily operations.…
Business
Singapore shares in the red as regional indices fall; STI retreats 0.3%
Losers beat winners 326 to 234, as 1.6 billion securities worth S$1.8 billion change hands SINGAPORE equities closed Tuesday (Feb 25) in…
Business
SingPost must quickly find a new group CEO to deliver it from its troubles
The postal-service provider’s road map following the sale of its Australian unit would shape the slate of candidates and its final pick of…
Business
OCBC, UOB poised to gain most from JS-SEZ; DBS could seek to expand Malaysia footprint: analysts
The zone will enable the banks with networks that are entrenched in the two markets to gain from stronger investment flows AMONG the trio…
Business
Hein Schumacher Is Out as CEO of Unilever
LONDON – After less than two years on the job, Hein Schumacher is out as chief executive officer of Unilever, and will be replaced by…