Business
Toyota is backing LG battery plant with US$1.5 billion order
TOYOTA Motor has agreed to shift a US$1.5 billion order with LG Energy Solution to bolster operations at a Michigan battery plant after…
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Business
Business
Is it snowing? Nope! It’s graupel
As the Arctic front rushes in, it brings not just colder temperatures but also some graupel! This wintry precipitation is often confused…
Business
EXCLUSIVE: Mango Coming to Manhattan’s Upper West Side
Mango is bolstering its presence in Manhattan. The global fashion retailer based in Barcelona will open a 13,000-square-foot store at 1976…
Business
Analysts Give Nike Skims Deal a Thumbs-up — With Some Reservations
Nike is looking to Kim Kardashian to help it right its ship — and Wall Street appears to approve. On Tuesday, the Oregon-based sports…
Business
Elon Musk's 'Flirty' DMs Exposed! Ashley St Clair Alleges She Gave Birth to His 13th Child"
Social media influencer Ashley St Clair has made shocking claims about her relationship with billionaire entrepreneur Elon Musk. In an…
Business
Cordlife expects to be in the red for FY2024; ‘no assurance’ of profitability in FY2025
PRIVATE cord-blood bank Cordlife expects to post a loss for the 2024 fiscal year due to the financial fallout from lapses discovered in…
Business
Budget 2025: Tax incentives to beef up equities market could have ‘limited impact’, say industry experts
High-growth companies that are not yet profitable, for example, would find limited benefit from tax breaks The government will introduce…
Business
German retailer Otto to lay off 480 call centre employees
The logo of the Otto Group is displayed at the company headquarters against a blue sky. Otto, one of Germany's biggest e-commerce players,…
Business
Goldman hoists gold target to US$3,100 on central-bank demand
GOLDMAN Sachs Group raised its year-end gold target to US$3,100 an ounce on central-bank buying and inflows into bullion-backed…
Business
Parkson Retail Asia reports S$5.8 million in Q4 profit
Earnings per share for its continuing operations stands at S$0.0086, down from S$0.0116 previously DEPARTMENT store operator Parkson…
Business
Robinhood expects to launch crypto products in Singapore in 2025
ROBINHOOD Markets plans to launch Singapore crypto offerings in 2025 through an entity of European digital-assets exchange Bitstamp, which…
Business
Singapore shares track regional gains on Tuesday; STI up 0.5%
Across the broader market, advancers outnumber decliners 322 to 231, after 1.4 billion shares worth S$1.4 billion change hands THE Straits…
Business
EXCLUSIVE: Biomaterial Company Gozen Scales Up Lunaform Production With New Factory
PARIS – Biomaterial company Gozen, which is behind the Lunaform material, has opened the doors to its new 40,000-square-foot production…
Business
Asia: Tech rally helps Hong Kong lead markets higher
HONG Kong resumed its tech-led rally on a healthy day for Asian markets on Tuesday (Feb 18) as a meeting between President Xi Jinping and…
Business
China’s Sany Heavy Industry aims to raise up to US$1.5 billion in planned Hong Kong listing: sources
CHINESE manufacturer Sany Heavy Industry is planning a listing in Hong Kong that could raise up to US$1.5 billion, two sources familiar…
Business
HSBC axes 40 dealmakers in Hong Kong as part of revamp to cut costs: source
HSBC has laid off around 40 investment bankers in Hong Kong, according to a source with direct knowledge of the matter, as part of a…
Business
Diesel, Maison Margiela, DTC Offset China, Wholesale 2024 Slowdown at OTB
MILAN — Several changes have been taking place within the OTB Group over the last year and in early 2025, and chief executive officer…
Business
30-Million-Year-Old Hypercarnivore Skull 'Dream Find' For Paleontologists
In Fayum, Egypt, where now lies a barren desert, a lush forest once stood, teeming with life. Paradise for all creatures therein, however,…
Business
Australian central bank cuts rates for first time since November 2020
Inflation has dropped from a peak of 7.8 per cent in December 2022 and now sits at 2.4 per cent, according to the RBA AUSTRALIA’S central…
Business
Honda ready to revive takeover talks if Nissan CEO Uchida leaves: report
Nissan’s board of directors has also started informal discussions regarding the timing of Uchida’s departure HONDA Motor will resume talks…
Business
TPG proposes to privatise Econ Healthcare in S$88 million deal
US private equity firm TPG, through its special purpose vehicle, is looking to take Catalist-listed nursing operator Econ Healthcare…
Business
Singapore shares open flat on Tuesday
SINGAPORE shares started trading flat on Tuesday (Feb 18). As at 9.02 am, the Straits Times Index (STI) opened 0.03 point higher at…
Business
RBNZ set to deliver third half-point rate cut to revive economy
NEW Zealand’s central bank is set to deliver its third big interest-rate cut in a row and signal further reductions this year to rekindle…
Business
Shein executive seeks to reassure investors after Trump crackdown on low-value imports
FAST-FASHION retailer Shein’s executive chairman Donald Tang told investors in a letter on Monday (Feb 17) that “growth remains strong”…