Business
Chagee, Mixue, Scarlett, Xiang Xiang: Expanding in Singapore’s cut-throat F&B business
Even industry leaders such as Eggslut and Haidilao have been forced to exit or dial back expansion plans In 2025, eateries have shut down…
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Business
Business
RBNZ expects new bank capital requirements to lower rates
The new rules materially reduce requirements compared with decisions made in 2019 New Zealand’s central bank is reducing capital…
Business
Tesla eyes battery-cell production in Germany from 2027: report
TThe company’s European sales have slumped due to an ageing lineup and blowback over Musk’s politics Tesla plans to launch battery-cell…
Business
Von Maur Department Stores Entering New Jersey
Von Maur, the privately owed, family-run department store chain, plans to open an anchor store at the Freehold Raceway Mall in Freehold,…
Business
MUFG, SMFG among Japanese firms piling into India for growth
The total volume of deals targeting Indian companies has climbed 15% this year to almost US$90 billion Japanese companies are expanding in…
Business
European equities end lower as investors assess US data; defence firms tumble
EUROPEAN shares dipped on Tuesday, led by sharp declines in defence and energy shares, with investors parsing disappointing domestic and…
Business
US stocks ends mixed after paring earlier losses
WALL Street’s main indexes pared some losses on Tuesday afternoon with the Nasdaq closing up, and the S&P 500 and the Dow closing lower,…
Business
GST reductions and festive demand continue to drive Indian vehicle market up
India’s Light Vehicle (LV) wholesales rose by 23% month-on-month (MoM) in October to 537k units. Passenger Vehicles (PVs) increased by 23%…
Business
Wall Street slips at open as investors assess key jobs data
Wall Street’s main indexes slipped at the open on Tuesday (Dec 16) after data broadly signalled a cooling US economy, paving the way for…
Business
Property tycoon Gordon Tang to acquire Suntec Reit manager
Tang and his affiliates currently own 35.7% of Suntec Reit, while the Reit manager ESR Trust Management (Suntec) owns 10.8% Acrophyte…
Business
Property tycoon Gordon Tang to acquire Suntec Reit’s manager
Acrophyte Asset Management, controlled by property tycoon Gordon Tang, has signed a deal to acquire a 100 per cent interest in ESR Trust…
Business
Property tycoon Gordon Tang’s Acrophyte to acquire Suntec Reit’s manager for S$190 million
Tang and his affiliates currently own 35.7% of the Reit itself, while ESR owns 10.8% Property tycoon Gordon Tang has signed a deal to…
Business
Pfizer forecasts 2026 profit below expectations on lower Covid product sales
Pfizer has rolled out a sweeping cost reduction programme in response to the drop in Covid-19 sales Pfizer on Tuesday (Dec 16) forecast…
Business
F&N dairy subsidiary to acquire additional 4.6% stake in Vinamilk from Jardine C&C
The deal involves about 96.1 million sale shares, with a total consideration of around six trillion Vietnamese dong F&N Dairy Investments…
Business
F&N subsidiary to acquire additional 4.6% stake in Vinamilk from Jardine C&C
The deal involves about 96.1 million sale shares, with a total consideration of around six trillion Vietnamese dong F&N Dairy Investments…
Business
EC World Reit granted more time until May 2026 to submit resumption proposal
SGX-ST has considered that it needs more time to work on proposals to meet its loan repayment obligations EC World Real Estate Investment…
Business
Samudera Shipping unit, Imoto Corporation enter JV to set up shipping company in Japan
Blue Ocean Shipping will be headquartered in Kobe and is expected to begin operations in the first half of 2026 A subsidiary of container…
Business
Keppel divests remaining interests in two Singapore data centres for S$50.5 million to Keppel DC Reit
Asset manager Keppel announced on Tuesday (Dec 16) that its connectivity division has agreed to sell its stakes in two data centres for a…
Business
Amazon European hub in Luxembourg braces for record job cuts
Amazon.com’s decision earlier this year to axe 14,000 employees around the globe is reverberating at the company’s European headquarters…
Business
Manulife US Reit unitholders agree to strategic pivot into non-office sectors
The shareholders approve two resolutions to support the Reit’s ‘Growth and Value Up’ plan Unitholders of Manulife US Reit (MUST) have…
Business
Airline Caterer Gategroup said to pick banks for Zurich IPO
The world’s biggest in-flight caterer Gategroup Holding has selected banks for an initial public offering, which could take place as soon…
Business
Singapore stocks edge lower ahead of key US data; STI down 0.2%
Singapore stocks ended lower on Tuesday (Dec 16), ahead of a slate of US economic data due later in the day. The benchmark Straits Times…
Business
‘Shadow banking’ growing at double the rate of traditional lenders, FSB says
The sector’s rapid growth alarms regulators over weak transparency and risks spilling into broader financial markets The non-bank…
Business
MUFG’s next CEO Hanzawa seeks growth to close gap with global rivals
Hanzawa, 60, who is currently the head of the main banking unit, will succeed Hironori Kamezawa on Apr 1 Junichi Hanzawa, the next chief…