Business
Luxury retailer Saks Global files bankruptcy after turnaround fails
US$1 billion debtor-in-possession financing, pending court approval, will fund Saks’ operations and turnaround Saks Global Enterprises…
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Business
Business
Saks Global Files for Chapter 11 Bankruptcy
Saks Global’s high-wire financial act is finally over. The company, which just over a year ago bought Neiman Marcus Group for $2.7…
Business
Prudential taps ex-HSBC veteran Douglas Flint as chairman
Flint, who was chairman of HSBC until 2017, will replace Shriti Vadera and will join the board in March Prudential has appointed Douglas…
Business
China tightens margin financing requirements to cool red-hot stock market
[BEIJING/SHANGHAI] Chinese stock exchanges on Wednesday (Jan 14) tightened margin requirements in a surprise move to cool a red-hot stock…
Business
YZJ Maritime invests in 16 new vessels amid maritime asset portfolio expansion push
Maritime financial solutions provider Yangzijiang Maritime (YZJ Maritime) on Wednesday (Jan 14) announced that it placed newbuilding…
Business
Maybank initiates ‘buy’ coverage on Soon Hock with S$0.75 target
Maybank Research has initiated coverage on industrial real estate specialist Soon Hock Enterprise with a target price of S$0.75, citing…
Business
Gold near record-highs as softer US inflation fuels Fed rate-cut bets
GOLD rose on Wednesday, holding near record highs set in the previous session, while silver set another all-time high, nearing the US$90…
Business
Olam advances 32.4% stake sale of port operator following key lender approvals
Olam Group said it has “made progress” in securing approvals from different lenders to Arise P&L for the proposed divestment of its 32.4…
Business
Hong Kong activist investor David Webb dies of cancer
HONG Kong activist investor and prominent commentator David Webb has died of metastatic prostate cancer, according to his social media…
Business
Senior loan bankers depart Mizuho, SMBC after Asia volumes slump
SEVERAL senior loan bankers at Mizuho Financial Group and Sumitomo Mitsui Banking Corp. have left their roles in Asia, amid a slump in…
Business
MoneyHero probes board chairman as internal frictions rise
Kenneth Chan is also a senior vice-president at Pacific Century Group, MoneyHero’s largest shareholder MoneyHero Group is investigating a…
Business
Cordlife secures one-year renewal for its cord-blood banking service licence
Its scope is limited to storing, transferring or retrieving existing cord-blood units for clinical use Cordlife Group has secured a…
Business
Stocks to watch: Keppel Reit, Olam Group, F&N, Centurion, Cordlife
The following companies saw new developments that may affect trading of their securities on Wednesday (Jan 14): Keppel Real Estate…
Business
Growing number of options traders see no Fed cuts in 2026
A steadying labour market gives central bankers less reason to keep cutting rates TRADERS focused on options are increasingly pricing out…
Business
Trump says Dimon ‘wrong’ to criticise DOJ Probe of Fed’s Powell
US PRESIDENT Donald Trump dismissed Jamie Dimon’s criticism over the Justice Department probe into the Federal Reserve, saying the…
Business
Fed’s Barkin says central bank independence means better economic outcomes
RICHMOND Federal Reserve President Tom Barkin on Tuesday declined to comment on “stuff that’s been in the news,” a reference to the Trump…
Business
Netflix weighs amending Warner Bros bid to make it all cash
Netflix shares have lost about a quarter of their value since the company’s pursuit of Warner Bros started NETFLIX is working on revised…
Business
US greenlights Nvidia H200 chip exports to China
The Trump administration on Tuesday gave the greenlight to exports to China of Nvidia’s second most powerful AI chips, putting in place a…
Business
European stocks slips as investors assess mixed corporate updates, US data
EUROPEAN stocks slipped on Tuesday, led by declines in construction stocks, while investors also assessed a series of mixed corporate…
Business
US stocks: Wall Street falls with financials amid credit card rate plan
US stocks ended lower on Tuesday, led by a drop in financial shares as comments from JPMorgan executives added to worries about US…
Business
Low Keng Huat controlling shareholders up offer price to S$0.78 per share, extends closing date
Revised offer represents an increase of 8.3% or S$0.06 over the initial offer price The offerors for Low Keng Huat have raised the offer…
Business
Low Keng Huat controlling shareholders up offer price to S$0.78 per share, extend closing date
Revised offer represents an increase of 8.3% or S$0.06 over the initial offer price The offerors for Low Keng Huat have raised the offer…
Business
S&P 500, Dow open near record highs after mixed earnings, inflation data
The S&P 500 and the Dow opened near record highs on Tuesday (Jan 13) after a largely in-line inflation report sustained expectations of…
Business
F&N unit prices S$125 million in fixed-rate notes due 2033 at 2.6%
The notes are payable semi-annually in arrears and will be issued in denominations of S$250,000 each Beverage maker Fraser and Neave (F&N)…