Business
New Zealand central bank sees AI adoption posing risk to financial stability
The rapid acceleration of artificial intelligence adoption in financial services presents a risk to financial stability, the Reserve Bank…
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Sees
Business
Vince Sees Q4 Sales and Profitability Gains, but Projects Q1 Declines Amid Macro Uncertainties
Vince Holding Corp., the luxury brand known for its relaxed, understated styles, concluded 2024 with a lift in sales, and a gross profit…
Business
eBay announces CFO transition; sees quarterly revenue ahead of estimates
The company’s use of generative artificial intelligence, including its “magical” listing tool, and improvements in search and targeted…
Business
Goldman sees central banks buying more renminbi, won, Singapore dollars
South Korea, Singapore and China’s currencies are likely to be the biggest Asian beneficiaries as central banks look to diversify their…
Business
Hong Leong Finance sees over 300% growth in EV loans
Hong Leong Finance (HLF) announced that it has seen a more than 300 per cent increase in electric vehicle (EV) loans, from S$73 million in…
Business
Norway wealth fund CEO sees potential in real estate, renewable assets
Real estate and renewable assets are becoming more attractive in the face of stock market volatility, according to the head of Norway’s…
Business
Suntec Reit sees subdued retail sales, expects office, retail tenants to hold off expansion plans
Office and retail tenants are expected to hold off on their expansion plans amid uncertainty over the impact of US tariffs, said the…
Business
Nissan sees 750 billion yen loss as restructuring charges mount
Nissan Motor said it will post a net loss of as much as 750 billion yen (S$6.9 billion) for the fiscal year that ended in March as…
Business
Deutsche Bank sees more China clients moving out of US assets
The outlook for European markets has improved due to Germany’s approval of a landmark spending package and scope for more interest-rate…
News
Germany sees 'worrying' record dry spell in early 2025
Germany's environment minister on Wednesday warned of a high risk of forest fires and poor harvests after a "worrying" lack of rain in…
Business
Frasers Property sees several senior management changes: source
Several of Frasers Property’s senior management team will be leaving the company, including group chief operating officer (COO) Anthony…
Unsorted
Where Molteni Group Sees Opportunities in the High Seas
MILAN — Molteni&C has just furnished private residences on two vessels for Explora Journeys, the luxury lifestyle brand of shipping and…
Business
Decathlon sees 5.2% revenue growth in 2024
French sporting goods retailer Decathlon Group has reported a revenue increase of 5.2% in 2024 at constant exchange rates compared to the…
Business
Despite Challenging Environment, Zegna Group Sees Sales Rising to Up to 2.4B Euros by 2027
MILAN – Amid market uncertainty, Ermenegildo Zegna Group is confident in its growth prospects. With its full year 2024 results, the…
Business
Marcolin Sees Profitability Growth in 2024 Amid Stable Sales and Strategic Brand Expansion
MILAN — Eyewear firm Marcolin closed 2024 on solid ground, with improved profitability and growth in the key Europe, Middle East and…
Business
Couche-Tard sees strong interest in US stores for Seven & I deal
[MONTREAL, TOKYO] Private equity firms are showing strong interest in buying about 2,000 North American convenience stores that could be…
Business
Malaysia central bank sees significant growth hurdles ahead
Malaysia’s central bank said growth risks loom large in its monetary policy considerations, as brewing global trade disputes and…
Business
SGX sees ‘robust’ IPO pipeline as Singapore explores ‘sweet spot’ to draw listings
The Republic could also attract regional firms seeking access to international markets, says the bourse’s head of global sales and…
Business
DBS CEO Piyush Gupta sees job cuts of 4,000 temp staff as AI replaces roles
DBS Group Holdings plans to cut about 4,000 of its contract and temporary staff workforce over the next three years as artificial…
Business
European tech sector sees unexpected rebound on AI windfall
European technology giants are exceeding expectations this quarter, joining financial and healthcare companies as one of the reporting…
Business
Tanger Sees Q4 Gains Across Several Metrics
Tanger, fueled by its ongoing strategy of tenant diversification, acquisitions and “robust” leasing activity, reported a strong fourth…
Unsorted
Brand Assembly Sees Lots of Writing Action and Trendy and Eclectic Merchandise
There was lots of action at Brand Assembly, the trade show featuring contemporary, accessories, beauty and wellness taking place at 548…
Business
BHP sees recovery in steel and copper demand, logs lowest profit in six years
BHP sees signs of economic recovery in China and central bank rate cuts reviving demand for steel and copper but flagged risks to global…
Business
Kering Group Revenue Falls 12% in Q4, CEO Sees ‘Stabilization’
PARIS – Kering posted better-than-expected sales in the fourth quarter despite the continued freefall of its star brand Gucci, and chief…