Business
German businesses warn that economic upturn 'not yet in sight'
Helena Melnikov, Germany's Chamber of Industry and Commerce (DIHK) Managing Director, speaks at a press conference on the DIHK Economic…
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Business
Business
Nippon Steel could offer Washington golden share to seal US Steel deal, Nikkei reports
Deliberations over the idea, which would give Washington the power to veto important management matters Nippon Steel is considering…
Business
Xiaomi reports 47% revenue growth in Q1 as it launches new electric SUV
China’s Xiaomi reported a 47.4 per cent annual jump in first-quarter revenue on Tuesday (May 27) as the company doubled down on making…
Business
Elaine Heng to succeed Linus Goh as OCBC’s head of global commercial banking
OCBC announced on Tuesday (May 27) key leadership changes to its global wholesale banking franchise, to take effect on Oct 1. Elaine Heng,…
Business
Singapore shares rise as US delays tariffs on European Union; STI up 0.5%
Across the broader market, gainers beat losers 249 to 180, after 1.1 billion securities worth S$958 million are traded Shares on the…
Business
Anger as Zimbabwe leader okays new radio levy for motorists
Zimbabwe's President Emmerson Mnangagwa has signed into law a contentious bill that requires all motorists to buy a radio licence before…
Business
Japanese gas tanker giant Mitsui OSK sees difficulty buying Chinese vessels
Mitsui OSK Lines, owner of the world’s largest fleet of liquefied natural gas carriers, said it is hard to buy Chinese vessels for the…
Business
Maybank downgrades Malaysia’s Tan Chong Motor to ‘sell’ amid widening losses, competition
Maybank Investment Bank has downgraded Malaysia’s Tan Chong Motor (TCM) to “sell”, from “hold” previously, amid widening losses, weak…
Business
Perennial to invest one billion yuan to open two hospitals in Guangzhou
Integrated healthcare and real estate player Perennial Holdings on Tuesday (May 27) announced that it has entered into an agreement with…
Business
Samsung in talks to invest in California-based Exo
Discussions on all the potential developments are ongoing and details could change Samsung Electronics’ investment arm is among a group of…
Business
Indonesia’s Widjaja family’s Sinarmas Land offer wins 90% acceptance, triggering compulsory acquisition
Lyon Investments – controlled by the Widjaja family, one of Indonesia’s wealthiest clans – has crossed the 90 per cent acceptance…
Business
HSBC cuts dozens of analyst jobs in investment banking overhaul
HSBC Holdings has culled more than two dozen analysts in recent days as Europe’s largest lender deepens a restructuring of its investment…
Business
Peirce Hill bungalow owned by wife of 3AC’s Kyle Davies sells for S$37 million
A bungalow in Peirce Hill owned by the wife of failed Three Arrows Capital (3AC) co-founder Kyle Davies is in the early stage of being…
Business
Japan to consider trimming super-long bond issuance: sources
The MOF will make a decision after holding discussions with market participants around mid- to late-June, the sources says Japan will…
Business
Weak Chinese demand leaves Australia with too much wheat
Australian wheat inventories will likely be much higher than last year at the end of the season, pressuring prices, because of a drop in…
Business
Together Group Acquires ‘Experiential’ Agency Obo
Together Group, a London-based collective of marketing, communications, digital and events agencies, has acquired Obo, which has produced…
Business
BYD shares extend losses as price cuts throw spotlight on sales
BYD shares extended losses in Hong Kong trading on Tuesday (May 27) – taking their two-day slide to more than 10 per cent – as last week’s…
Business
Car sales in Europe dip slightly in April, Tesla’s 49% drop tempers EV gains
TESLA’S sales in Europe fell 49 per cent in April from a year earlier, even as battery-electric sales rose by 27.8 per cent, as the US EV…
Business
Tesla misses out on European EV growth as Model Y fails to revive sales
Tesla’s sales in Europe fell 49 per cent in April from a year earlier, even though battery-electric car sales rose 27.8 per cent, as the…
Business
True Beauty Ventures Invests in Jupiter
True Beauty Ventures has added another business to its portfolio. The fund has taken a minority stake in Jupiter, the scalp care brand…
Business
CEO Talks: Brieane Olson of PacSun Talks About Staying Focused on Young Consumers
Brieane Olson may never have worked the cash register at a PacSun store, but she’s done just about everything else in her nearly…
Business
Asia: Stocks fluctuate as traders await next moves in Trump trade war
Equities meandered on Tuesday as investors awaited the latest developments on Donald Trump’s trade war, while the yen rallied after the…
Business
Cerberus eyes Chinese firm’s Darwin port: report
US private equity firm Cerberus Capital Management is preparing a bid for the strategically important Port of Darwin, currently owned by…
Business
Boustead shares rise 4.8% to a 4-year high on robust earnings and dividend boost
Company’s shares hit their highest price in a decade as the engineering group sees a 58% increase in net profits Shares of Boustead rose…