Business
Mystery US$33 billion Chinese medicine fortune collapses in days
When Yat-Gai Au was worth US$33 billion on paper, he was not in his Hong Kong office. One week later, when his net worth plunged to…
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Singapore stocks track overnight Wall Street gains on Friday; STI up 0.7%
Local stocks tracked overnight Wall Street gains to end higher on Friday (Jun 27). The benchmark Straits Times Index (STI) rose 0.7 per…
Business
EXCLUSIVE: Lacoste Has a New CEO – and He Comes From Cognac
While it’s a tough moment for fashion, the sector still can siphon executive talent from other industries. WWD has learned that Éric…
Business
Unilever to pay US$1.5 billion for men's grooming brand Dr Squatch
The deal was announced earlier this week by all three parties, without disclosing financial details Unilever is paying US$1.5 billion to…
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Daniel Park: Palm Springs Fertility Clinic Bombing Suspect's Cause of Death Is Revealed after He Was Found Bleeding and Unconscious in Prison
The man who supplied ammunition and explosives to the Palm Springs fertility clinic bomber has reportedly died after jumping from an upper…
Business
Japan's Nikkei ends at 6-month high, tracking Wall Street rally
Japan’s Nikkei share average closed at a six-month high on Friday (Jun 27), as technology stocks tracked Wall Street’s robust finish…
Business
Japan private-sector rice imports soar in May
Japan’s private-sector rice imports rocketed higher in May as the country grapples with supply shortages that have become a major headache…
Business
Thailand central bank vows to step in if baht moves are unhinged
Thailand’s central bank is ready to tackle excessive baht volatility by managing any moves “unhinged” from its fundamentals, a deputy…
Business
HDB US$1.5 billion India IPO sold out as wealthy investors pile in
The offering received bids for 242.8 million shares as of Friday (Jun 27) afternoon in Mumbai, versus the 130.4 million shares offered…
Business
Nikkei Surpasses 40,000 as Global Stocks Rise, Dollar Sinks to 3.5-Year Low
Global stock markets finished the week on an upbeat note, lifted by optimism over interest rate cuts and receding geopolitical risks.…
Business
HSBC private banking arm names new Apac head of wealth planning
Ann Ling brings more than two decades of financial services experience to the role, which she will assume on Jul 1 HSBC Global Private…
Business
Japan’s NTT lodges listing prospectus for Reit, set to be Singapore’s largest IPO in four years
Japanese telco Nippon Telegraph and Telephone (NTT) is spinning off some of its data centres into a Singapore-listed real estate…
Business
Japan’s NTT files billion-dollar Reit listing with MAS; IPO set to be SGX’s biggest in four years
Japanese telco Nippon Telegraph and Telephone (NTT) is spinning off some of its data centres into a Singapore-listed real estate…
Business
Info-Tech Systems launches IPO at S$0.87 apiece, marks SGX’s first mainboard listing in two years
Software services firm Info-Tech Systems has launched its initial public offering (IPO) of 24,856,000 shares at S$0.87 each, in…
Business
CEO TALKS: Kering’s Francesca Bellettini
Earlier this year, Kering quietly changed its corporate tag line from “Empowering Imagination” to “Creativity Is Our Legacy.” The new…
Business
Bumper orders for Xiaomi‘s new SUV heighten threat to Tesla
Exceptionally strong initial orders for Xiaomi‘s YU7 electric sport utility vehicle sent shares in the automotive newcomer to a record…
Business
S’pore semiconductor stocks soar, notch weekly surge on boost from domestic, global tailwinds
Semiconductor listcos were trading higher on Friday (Jun 27) morning, notching double-digit gains over the week as a slew of domestic and…
Business
Singapore semiconductor stocks soar, notch weekly surge on boost from domestic, global tailwinds
Semiconductor listcos were trading higher on Friday (Jun 27) morning, notching double-digit gains over the week as a slew of domestic and…
Business
AEM, UMS, Frencken lead semiconductor stock surge; robust weekly gains ride on domestic, global tailwinds
Semiconductor listcos were trading higher on Friday (Jun 27) morning, notching double-digit gains over the week as a slew of domestic and…
Business
SoftBank aims to become leading ‘artificial super intelligence’ platform provider
SoftBank Group CEO Masayoshi Son on Friday said he wants the Japanese technology investment group to become the biggest platform provider…
Business
Masayoshi Son hints at succession plan while chasing AI ambition
Masayoshi Son acknowledged the outlines of a succession plan, addressing what may be the single biggest concern among investors, and…
Business
Asia: Stocks climb, dollar holds on trade hopes and rate bets
Asian markets rose on Friday on fresh trade hopes and the dollar held around three-year lows amid bets of cuts to US interest rate cuts.…
Business
Seoul asks Temu, AliExpress to pull children’s products over safety concerns
The Seoul city government has asked online retail giants Temu and AliExpress to suspend sales of certain children’s products over safety…
Business
Gold heads for second weekly loss, investors eye US inflation data
prices fell on Friday, poised for a second consecutive weekly loss as a slight uptick in the dollar pressured bullion while markets…