Business
Allianz weighs options for AllianzGI unit: sources
ALLIANZ is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four…
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Business
Business
$1.80 dinners and budget clothes? The spread of frugality is hurting China's economy
TAIPEI, Taiwan — China’s 1.4 billion consumers once spent with enough abandon to help drive the global economy. Now one of the hottest…
Business
KKR earnings surge 58%, joins half-trillion club in private markets race for scale
KKR & Co reported a third-quarter profit that beat Wall Street estimates as the alternative asset manager generated record transaction…
Business
American Airlines lifts profit view on higher pricing, sales strategy correction
The airlines’ pricing power has also improved as the industry cuts down excess capacity in the domestic market American Airlines lifted…
Business
UPS sees profit growth for first time in nearly 2 years
United Parcel Service (UPS) returned to sales and profit growth for the first time in nearly two years as the company benefited from…
Business
Nasdaq’s third-quarter profit rises on fintech strength
NASDAQ reported a rise in third-quarter profit on Thursday (Oct 24), helped by strong demand in its solutions business that houses the…
Business
LSEG’s third-quarter income tops forecasts, shares hit record
LONDON Stock Exchange Group said on Thursday (Oct 24) that its income rose a better-than-expected 9.5 per cent in the third quarter after…
Business
New real-time fraud surveillance duty for financial institutions; loss-sharing framework to begin on Dec 16
FINANCIAL institutions (FIs) will now be required to implement real-time fraud surveillance on unauthorised transactions from phishing…
Business
Banks, telcos, scam victims to share loss liability from Dec 16; financial institutions must have real-time fraud surveillance
FINANCIAL institutions (FIs) will now be required to implement real-time fraud surveillance on unauthorised transactions from phishing…
Business
India’s Adani Wilmar posts profit in Q2 on higher demand for edible oils
INDIA’S Adani Wilmar reported a profit for the second quarter on Thursday (Oct 24), buoyed by higher demand for its edible oils and food…
Business
Could A$AP Rocky repeat Wrexham fairytale with Tranmere Rovers?
A$AP Rocky is making waves beyond music as he could be stepping into the world of soccer by becoming a major investor in Tranmere Rovers,…
Business
Arta Finance partners Temasek Trust’s Co-Axis to unlock US$30 million catalytic funding for impact projects
THE digital impact marketplace launched by Temasek Trust, Co-Axis, has partnered digital wealth platform Arta Finance to secure US$30…
Business
Hermes Q3 sales up 11.3%, continues to outshine rivals
BIRKIN bag maker Hermes reported on Thursday (Oct 24) an 11.3 per cent rise in third-quarter sales, continuing to outshine rivals hit hard…
Business
Horizon Robotics’ shares jump 38% in Hong Kong after US$696 million IPO
SHARES of Horizon Robotics jumped nearly 38 per cent early in their trading debut in Hong Kong on Thursday (Oct 24), adding to optimism…
Business
Las Vegas Sands to pump in US$8 billion to develop MBS expansion project
LAS Vegas Sands (LVS) – the parent company of Singapore’s Marina Bay Sands (MBS) – is set to invest US$8 billion in the integrated…
Business
Seven & i seeks to convince investors sales will double by 2030
SEVEN & i Holdings’s plan to split in two and expand abroad will help the retailer almost double group revenue, chief executive officer…
Business
Singtel to sell Dash mobile wallet to Western Union
TELCO giant Singtel has inked a conditional agreement to sell its e-wallet app Dash to financial services firm Western Union. The sale is…
Business
Mattel beats profit estimates on cost controls but trims annual sales forecast
MATTEL topped Wall Street estimates for quarterly profit as the Barbie parent kept a tight leash on costs but lowered its annual sales…
Business
Apple CEO Cook says company will increase investment in China: Xinhua
APPLE CEO Tim Cook said at a meeting with the Chinese government in Beijing that the US company will increase investment in China and…
Business
Keppel’s ‘moat’ gives it an edge in the data centre business: CEO
KEPPEL’S access to greener infrastructure and funds has created a “moat” and given the company an edge in the data centre business, noted…
Business
TSMC cuts off client after discovering chips sent to Huawei
TAIWAN Semiconductor Manufacturing Company (TSMC) discovered this month that chips it made for a specific customer ended up with Huawei…
Business
Nvidia supplier SK Hynix posts record Q3 profit, beats forecasts
SOUTH Korea’s SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of its advanced chips such as…
Business
Lakers' LeBron and Bronny James Being Sued Over 2022 Car Accident: Report
Los Angeles Lakers superstar LeBron James and his son and teammate, Bronny James, are reportedly being sued regarding their role in a 2022…
Business
ServiceNow sales growth fails to impress AI-hungry investors
SERVICENOW reported strong third-quarter sales and bookings, but failed to clear the lofty expectations of investors looking for a bigger…