Business
China threatens to block Panama ports deal unless its shipping giant gets stake: report
Chinese officials have told BlackRock, MSC and Hutchison that if Cosco is left out of the deal, Beijing would take steps to block…
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Business
Business
Stocks to watch: OCBC, Singtel, Wilmar, Food Empire, Telechoice
The following companies saw new developments that may affect trading of their securities on Friday (Jul 18): OCBC, Singtel: The bank will…
Business
Why Tariffs (Probably) Won’t Cause Inflation (But Still Raise Prices)
Not all bad economic policy is inflationary, and not causing inflation doesn’t make economic policy good. Source link
Business
Bain seeks next airline after tripling money on Virgin Australia
Bain Capital is scouting for its next airline deal after already more than tripling its money on Virgin Australia Holdings. The US buyout…
Business
Lululemon’s best-selling black leggings pile up at outlet stores
Lululemon Athletica is facing slowing sales, fewer store visitors and waning demand for its iconic black leggings as the yogawear retailer…
Business
US: S&P 500, Nasdaq end at record highs after solid retail data
Wall Street stocks rose to fresh record highs on Thursday (Jul 16) as markets focused on solid US retail sales data and corporate earnings…
Business
Europe: Shares see first daily gain in five on strong earnings
European shares snapped a four-day losing streak on Thursday (Jul 16), boosted by gains in industrials ABB and Legrand after they reported…
Business
Consumers Are Focused on AI-Powered and Value Spending, While Retailers Face Supply Chain Challenges for the Second Half of 2025
The first half of the year was a learning curve for everyone. The economic uncertainties with the ever-changing tariffs put in place,…
Business
Saks Global Posts Q1 Top- and Bottom-line Declines, but Underscores Progress ‘Transforming’ the Business
Business across the luxury landscape is tough and Saks Global is feeling it. On Thursday, Saks Global released its first-quarter figures,…
Business
Amazon’s AWS cloud computing unit cuts jobs
Amazon cut jobs in its Amazon Web Services cloud computing unit on Thursday (Jul 17), a spokesperson confirmed following a Reuters…
Business
Cyber Espionage Surge Hits Taiwan's Semiconductor Sector, Analysts Warn
Chinese-linked hacking groups have escalated targeted cyber espionage efforts against Taiwan's semiconductor companies and financial…
Business
Nvidia CEO Dubs Chinese AI Models as "World-Class" as H20 Chip Sales Resume
Chinese artificial intelligence models being nurtured through the backing of Chinese companies are "world class," according to Nvidia CEO…
Business
Who are Jason Wei and Hyung Won Chung? Meta Hires 2 More OpenAI Engineers
Meta, the parent of Facebook, has recruited two high-profile researchers from OpenAI—Jason Wei and Hyung Won Chung—in its latest AI hiring…
Business
Uber to invest US$300 million in EV maker Lucid as part of robotaxi deal
Uber will invest US$300 million in electric vehicle maker Lucid in a robotaxi deal that aims to start with one major US city late next…
Business
US: Wall St opens marginally higher as markets weigh data
Wall Street opened largely steady on Thursday (Jul 17), as investors mulled over fresh economic data, while upbeat results from Taiwan’s…
Business
Samsung chairman Lee’s long legal saga ends with acquittal
Samsung Electronics executive chairman Lee Jae-yong was cleared of all charges related to accounting fraud and stock manipulation by South…
Business
India’s private market boom set to continue, as investors keep shunning China
A surge in the value of private equity (PE) deals signed in India in the first half of this year, coupled with the inking of the country’s…
Business
No let-up in India’s private market boom as investors continue to shun China
A surge in the value of private equity (PE) deals signed in India in the first half of this year, coupled with the inking of the country’s…
Business
Wilmar to acquire up to 20% of Mumbai-listed joint venture with Adani
Agri-specialist Wilmar International has agreed to acquire up to 20 per cent of the shares held by India’s Adani Commodities in the two…
Business
Singapore shares continue winning streak; STI up 0.7%
The benchmark Straits Times Index (STI) extended its winning streak on Thursday (Jul 17), tracking gains in regional markets. The STI rose…
Business
Video of flag vendor beating in Bangladesh falsely shared as incident in India
A video of a vendor selling Bangladeshi flags being beaten up by a uniformed man has circulated in social media posts that falsely claim…
Business
OCBC to develop quantum applications with NUS, NTU and SMU
OCBC will embark on research collaborations with three local universities to develop applications of quantum technology in derivative…
Business
Julius Baer seeks to cut bonuses of bankers with risky books: sources
The move comes as the Swiss lender’s top management seek to reset and put the bank on a path for growth after a string of missteps Julius…
Business
Swatch Group H1 Profits Down 88%, As Greater China Woes Continue
PARIS – China continues to weigh heavily on the Swatch Group, with the company posting Thursday an 88 percent slump in first-half net…