Business
Wall Street Sees Nike CFO Change as Strategic Move
While Wall Street analysts were surprised by the chief financial officer (CFO) shift at Nike Inc., they also saw it as a natural…
Tag
Tariffs
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Asian stocks ease, dollar firms ahead of jobs report, ruling on tariffs
Asian stocks drifted lower and the dollar stood tall on Friday ahead of a crucial jobs report, while investors girded for a Supreme Court…
Fashion
EU Approves 3-Euro Fee on Small Parcels, Targeting Shein and Temu
PARIS – European Union finance ministers agreed on Friday to impose a 3-euro customs duty on inexpensive packages entering the bloc, a…
Business
Sats Q2 net profit up 13.3% to S$78.9 million as clients front-load orders ahead of US tariffs
The group declares an interim dividend of S$0.02 per share, higher than S$0.015 a year ago In-flight caterer and ground handler Sats on…
Business
Boustead posts 3% drop in H1 net profit as US tariffs moderate energy sector activities
The board nevertheless declares an unchanged interim cash dividend of S$0.015 per share Mainboard-listed Boustead Singapore’s net profit…
Business
Ikea profit falls 26% to 1.7 billion euros as US tariffs fuel costs
Overall sales from the company’s stores across 63 markets around the world fall for a second year in a row Sweden’s Inter Ikea, which…
Business
Impact of tariffs, trade restrictions not fully played out, but no systemic risk yet: OCBC
Bank has been able to navigate the uncertainty ‘quite well’, and still sees growth in sectors such as digital infrastructure, says deputy…
Business
Malaysia holds key rate as economy proves resilient to tariffs
MALAYSIA kept interest rates unchanged as the central bank remained confident that the economy can weather US tariffs without the rate…
Business
Investors Cheer Steve Madden’s Brightening Outlook
Steven Madden Ltd. CEO Edward Rosenfeld had great news about the shoe firm’s prospects, and investors cheered. Shares of Madden spiked…
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Toyota raises profit outlook, bets it can ride out tariffs
The world’s top-selling carmaker now expects operating profit of 3.4 trillion yen (S$28.9 billion) for the financial year to end-March…
Business
Brooks Running Continues to Rack Up Market Share Gains
Brooks Running said it achieved No. 1 market share at national retail, according to data from Circana. The same data set from its U.S.…
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Nissan forecasts US$1.8 billion annual operating loss as US tariffs weigh
Its outlook for net income for the fiscal year to end-March 2026 remained undetermined Nissan Motor said on Thursday (Oct 30) it expects…
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Trump says strikes deal with China’s Xi on tariffs, rare earth exports
World stock markets from Wall Street to Tokyo have hit record highs in recent days [BUSAN, South Korea] US President Donald Trump said he…
Business
Global companies hit by more than US$35 billion in US tariffs, but outlook stabilising
GLOBAL companies have flagged more than US$35 billion in costs from US tariffs heading into third-quarter earnings, but many are lowering…
Business
Ericsson beats quarterly core profit estimates, shrugs off tariffs
Swedish telecoms equipment maker Ericsson reported a better-than-expected rise in quarterly earnings on Tuesday (Oct 14) and played down…
Business
US: S&P 500 ends down 2.7% after Trump warns of big China tariffs
Wall Street stocks tumbled Friday (Oct 10) after US President Donald Trump threatened “massive” tariffs on China, reviving trade war…
Business
Levi Strauss forecasts annual profit below estimates as tariffs bite
The retailer has leaned into full-price sales through its direct-to-consumer channel, broadened its product offerings and kept a tight…
Business
Fed’s Goolsbee says new tariffs renewing business uncertainty
Inflation remains above the central bank’s 2% goal and has accelerated since April, according to policymakers’ preferred gauge US Federal…
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UN Estimates Vietnam may Forfeit $25 Billion as US Tariffs Take Toll
The United Nations Development Programme estimates that the August US tariffs could cut up to one-fifth of Vietnam's exports to the US,…
Business
Audemars Piguet Joins 2026 Watches and Wonders Lineup
PARIS – Watches and Wonders keeps on growing. The annual watch industry fair announced Tuesday the arrival of Audemars Piguet among the…
Business
Tariffs spark caution but no financing rush this time round: Citi’s Damien Tan
‘The key difference is that during the Covid-19 pandemic, there were a lot of demands for funding, bolstering of balance sheets, and…
Business
Asia’s record stock rally may unravel as tariffs bite, funds say
The current levies include 34% on China, 50% on India, 19% on Indonesia and 15% on Japan The record-breaking rally in Asian stocks is set…
Business
Nikkei ends at over 2-week high as Trump lowers tariffs on Japanese automobiles
Japan’s Nikkei share average closed at a more-than two-week high on Friday (Sep 5) as auto shares rose after US President Donald Trump…
Business
Lululemon Gets Tripped Up in Q2 by Tariffs and Product Missteps
For years, Calvin McDonald led a master class of double-digit growth as chief executive officer of Lululemon Athletica Inc. And when the…