Business
mm2 Asia faces S$17.6 million in claims but says it can continue as a going concern
Eight counterparties have issued letters of demand against the company and Cathay Cineplexes In a bourse filing on Monday (Aug 4), Cathay…
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Business
Melco eyes global casino expansion on new asset-light model
Melco Resorts & Entertainment is in talks to expand its brand beyond Macau, with plans to ramp up an asset-light strategy by teaming up…
Business
Nio’s July deliveries rise 2.5% amid launch of smart large-space SUV
Chinese electric vehicle maker Nio announced on Friday (Aug 1) after trading hours that it had delivered 21,017 vehicles in July, up…
Business
United Hampshire US Reit acquires freehold Pennsylvania shopping center for US$16.4 million
The purchase marks the Reit’s third acquisition in Pennsylvania, the manager says United Hampshire US Reit has acquired freehold shopping…
Business
United Hampshire US Reit acquires freehold Pennsylvania shopping centre for US$16.4 million
United Hampshire US Reit has acquired a freehold grocery-anchored shopping centre in Pennsylvania for a purchase consideration of S$16.4…
News
More than 50 migrants die off Yemen in boat capsize
More than 50 migrants died when a boat carrying around 150 people sank off the coast of Yemen in bad weather on Sunday. The vessel…
Business
Stocks to watch: SIA, Nio, Genting Singapore, CDL, United Hampshire US Reit, GHY, Ossia
The following companies saw new developments that may affect trading of their securities on Monday (Aug 4): Singapore Airlines (SIA): The…
Business
UK’s FCA proposes £9 billion to £18 billion redress scheme for motor finance claims
Britain’s Financial Conduct Authority (FCA) on Sunday proposed a redress scheme for consumers with motor finance compensation claims…
Business
Thai Airways shares to resume trading after exit from restructuring
The move marks the flag carrier’s return to normal business operations after it had accumulated more than 400 billion baht of debt in the…
Business
Thai Airways’ share price soars more than 200% after trading resumption
Thai Airways International’s stock price had risen 216 per cent when the market closed on Monday (Aug 4) after shares in the airline…
Business
South Korea’s SK On aims to best rivals with next-generation batteries
SK Innovation’s battery unit plans to accelerate development of cutting-edge technologies in partnership with US and European carmakers,…
Business
The insidious risk in holding on to cash
Cash is king – or is it? With interest rates still well above pre-2022’s zilch and pundits touting the Singapore dollar’s “safe haven…
Business
Oil slips after Opec+ agrees to hike output in September
Oil prices slipped in early Asian trade on Monday after Opec+ agreed to another large production hike in September. Brent crude futures…
Business
Crypto mogul flies to space aboard latest Blue Origin flight
Other celebrities have taken on the suborbital mission, including pop star Katy Perry and Bezos’ now-wife Lauren Sanchez A Blue Origin…
Business
Produce, Polo and Patina: Inside Ralph Lauren’s Intimate Summer Lunch at Mulford Farm
Ralph Lauren knows that visiting Mulford Farm isn’t typically the first stop on the Hamptons summer agenda. For most, catching sight of…
Business
Opec+ leaves traders with cliffhanger as stormy chapter ends
The Organization of the Petroleum Exporting Countries and its allies (Opec+) closed a two-year chapter in its oil strategy on Sunday (Aug…
Culture
Meryl Streep Scales Museum Steps in Red Peep-toe Platforms for ‘Devil Wears Prada 2’
Meryl Streep climbed the steps of the American Museum of Natural History in crimson satin platforms on Friday while filming “The Devil…
Business
Who is Andrew Tulloch? High-Profile AI Researcher Reportedly Refuses Meta's $1billion Recruitment Offer
Since Mark Zuckerberg decided to go aggressively behind AI advancements and decided to form a superintelligence team, his company Meta is…
Business
Who is Matt Dietke? Mark Zukerberg Hires AI Prodigy with $250M Deal After He Rejects Initial Deal
US technology giant Meta, which is on a hiring spree of highly talented AI researchers, has lured one more AI prodigy, Matt Deitke, in an…
News
Tesla Ordered to Pay $200 Million Over Fatal Florida Crash Linked to Autopilot
Tesla has been ordered by a Miami federal jury to pay over $200 million in damages for a 2019 crash that killed 22-year-old Naibel…
Business
The AI race has big tech spending US$344 billion this year
If there’s any lesson to take from the spending plans issued by the world’s largest technology companies over the past two weeks, it’s to…
Business
US dollar tumbles;traders bet on more US rate cuts after weak jobs report
THE greenback dropped on Friday (Aug 1) and was on track for its biggest daily loss against the yen since January 2023 after data showed…
Business
Wall Street banks lose ground in Europe as tariffs spook clients
AS US President Donald Trump has ratcheted up his rhetoric against trading partners in Europe, corporates across the continent are taking…
Fashion
Chanel’s 2.55 Bag: A Revolutionary Accessory, 70 Years Later
Seventy years ago, Gabrielle “Coco” Chanel introduced what would become one of her brand’s quintessential products: the 2.55 bag. Named…