Business
US: Wall St opens lower ahead of Fed commentary
Wall Street’s main indexes opened lower on Tuesday (May 20) as investors awaited commentary from Federal Reserve officials through the day…
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Business
Dasin Retail Trust trustee-manager hits back at claims in alternate director’s exit letter
The trustee-manager of Dasin Retail Trust (DRT) rebutted criticism from its former alternate director, who claimed in a resignation letter…
Business
BMW to buy back more shares worth up to 2 billion euros
is buying back as much as 2 billion euros (S$2.9 billion) of stock starting this month. The carmaker’s management board approved the…
Business
Delfi’s Q1 Ebitda down 27.2% on weaker regional currencies, trade tensions
Chocolate confectioner Delfi ran up a 27.2 per cent drop in earnings before interest, taxes, depreciation and amortisation (Ebitda) to…
Business
CDL posts S$1.9 billion in Q1 sales revenue in Singapore property development
Property developer City Developments (CDL) posted sales revenue of S$1.9 billion for its property development segment in the Singapore…
Business
SLB Development shareholders okay privatisation offer from Lian Beng’s Ong family
Shareholders of SLB Development approved the scheme resolution proposed by Lian Beng Group’s board of directors – which comprises the…
Business
WeRide joins Tencent Cloud to build smart driving services for overseas markets
Chinese self-driving startup WeRide said on Tuesday (May 20) that it will partner with Tencent Cloud to promote large-scale robotaxi…
Business
Malaysia’s IHH unit seeks up to 109 billion rupees in damages from Japan’s Daiichi Sankyo
Northern TK Venture alleges Japan’s Daiichi Sankyo blocked its 2018 bid for an Indian hospital chain, causing financial losses. Healthcare…
Business
SIA Engineering inks S$1.3 billion deal to service SIA, Scoot fleets
The company will provide support for two years, with an option to extend by one year Mainboard-listed SIA Engineering (SIAEC) signed fresh…
Business
Singapore shares rise amid Wall Street’s overnight gain; STI up 0.2%
Across the broader market, decliners trail gainers 195 to 263, after one billion securities worth S$1 billion change hands Singapore…
Business
Thai banks' bad loans rise to 2.9% in Q1
Thai banks’ non-performing loans rose to 2.90 per cent of outstanding loans at the end of March from 2.78 per cent at the end of December,…
News
Hong Kong dollar funding cost drops in FX intervention aftermath
Hibor extended its drop as it fell below 1% on Tuesday (May 20) for the first time since 2022 Hong Kong’s key interbank borrowing cost…
News
Venezuela suspends flights from Colombia after arrests of ‘mercenaries’
Venezuela has suspended flights from neighbouring Colombia after authorities detained more than 30 people allegedly plotting activities to…
Business
Japan’s Honda to scale back on electric vehicles, concentrate on hybrids
The company says it expects to sell 2.2 million to 2.3 million hybrid vehicles by 2030 Honda Motor said on Tuesday (May 20) that it was…
Business
Old Pakistan mosque fire misrepresented as 'India strike'
A year-old video of a fire near Pakistan's national mosque has been misused in posts that claim it shows the aftermath of a drone attack…
Celebrity
Why Beyoncé’s $95,000 Black Diamond Brilliant Earth Bolo Tie Is a Symbolic Masterpiece for Cowboy Carter Tour
Beyoncé took the stage in Chicago over the weekend during her Cowboy Carter Tour, debuting a bespoke piece of jewelry designed exclusively…
Business
Not A Lot Of Love For 520: Brands Rethink Local Campaigns Amid China Uncertainty
With uncertainty around the Chinese appetite for luxury goods and a possible global recession, brands are cutting back on marketing spent,…
Business
Japan’s 20-year bond auction gets weakest demand since 2012
The sale comes after a recent surge in longer Japanese bond yields and increased volatility owing in part to US President Donald Trump’s…
Business
Australia’s central bank cuts rates to two-year low of 3.85%
Australia’s central bank on Tuesday (May 20) cut its main cash rate by 25 basis points to a two-year low of 3.85% citing a darker global…
Fashion
Japan mulls taxing small parcels as Shein, Temu expand
Japan is mulling a review of tax exemptions for small parcels including those shipped from China, joining a slew of governments stepping…
Business
Longchamp’s Revamped SoHo Flagship Is About Energy And Art
PARIS – What’s a good reason to go to a store? As far as Longchamp‘s chief executive office Jean Cassegrain is concerned, a great product…
Lifestyle
The Future of Beauty Is All About Wellness
Beauty is in its wellness era. During WWD’s annual Beauty CEO Summit, Unilever‘s president of beauty and well-being Priya Nair discussed…
Business
Asia: Markets rebound to track Wall Street up as China cuts rates
Asian markets rose on Tuesday as investor sentiment returned following the previous day’s US rating-fuelled losses, with sentiment also…
Business
China EV battery giant CATL’s Hong Kong IPO positive for mainland listings: Morningstar
Chinese electric vehicle battery maker Contemporary Amperex Technology Company Limited (CATL) seemed poised for a winning start in its…