Business
Fed to hold rates steady as pressures mount
FEDERAL Reserve officials are widely expected to leave interest rates unchanged on Wednesday (May 7) as they await clarity on the Trump…
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Business
Business
National Australia Bank’s first-half cash earnings up 1% on lending volume growth
ONAL Australia Bank, the country’s biggest business lender, said on Wednesday its first-half cash earnings rose 1 per cent, helped by…
Business
SKP Beijing to Sell 42 to 45 Percent Stake to Boyu Capital
SKP Beijing, China‘s top-grossing luxury department store operator, is slated to sell around 42 to 45 percent of the company to Boyu…
Business
Coty Reports $71.1M Loss on Skkn Divestiture Amid Q3 Revenue Decline
Coty made a $71.1 million loss on the divestiture of Skkn, Kim Kardashian’s beauty business, the company said in its third-quarter…
Business
Decagon CEO On Startup Growth Strategies
The conversation centered on the journey of a startup founder who has built two companies, highlighting lessons learned from early…
Business
'Shared border also means shared responsibility,' Austria tells Merz
Austrian Chancellor Christian Stocker has congratulated fellow conservative Friedrich Merz on being elected the 10th chancellor of modern…
Business
French Start-up Faircraft Acquires IP, Patents as Kering-backed VitroLabs Shuts Down
PARIS — French lab-grown leather company Faircraft has acquired the strategic assets of U.S.-based VitroLabs. VitroLabs, which raised $46…
Business
Pony.ai Stock Jumps After Major Robotaxi Deal with Uber
Uber (NYSE:UBER) and Pony.ai (NASDAQ:PONY) unveiled a strategic partnership Tuesday to launch autonomous robotaxi services in the Middle…
Business
US: Wall St opens lower on fresh tariff threats
Wall Street’s main indexes opened lower on Tuesday, after US President Donald Trump’s latest plans for pharma tariffs further dampened…
Business
Citigroup to partner with Swiss bourse in private markets push
Citigroup is partnering with Switzerland’s stock exchange SIX Group as part of a push by the Wall Street lender to make it easier for…
Business
A Czech court blocks the signing of a deal with South Korea’s KHNP to build 2 nuclear reactors
PRAGUE (AP) — A court in the Czech Republic blocked on Tuesday the government from signing a deal with South Korea’s KHNP to build at…
Business
Sats names first chief digital officer to lead global digitalisation initiatives
Catering and ground handling company Sats on Tuesday (May 6) announced the appointment of Sandeep Sakharkar as chief digital officer, a…
Business
Singapore shares end higher on Tuesday ahead of FOMC meeting; STI up 0.2%
Singtel is the top gainer on the benchmark index while Yangzijiang Shipbuilding, which is trading ex-dividend, falls the most Stocks on…
Business
Lamborghini quarterly revenue up 29.6% as hybrid models boost deliveries
Italian luxury sports carmaker Lamborghini reported on Tuesday a 29.6 per cent jump in revenue to 895.2 million euros (S$1.3 billion),…
Business
Fashion retailer Hugo Boss reports better-than-expected Q1 revenue
The company posted first-quarter revenue of 999 million euros (S$1.46 billion), slightly below the 1.01 billion euros a year earlier…
Business
Zalando Grows Sales and Users in Q1, Named TikTok Shop’s Logistics Partner in Key Markets
PARIS – Zalando‘s ecosystem strategy is paying off with a strong first quarter, rebounding from losses in 2024. In the three months to…
Business
Hugo Boss Sales Dip 2% in Q1
Organic sales at Hugo Boss fell 2 percent over the first quarter of this year to 999 million euros. “Our performance in the first quarter…
Business
Wall Street banks said to steer clear of Chery’s US$1.5 billion Hong Kong IPO
One of this year’s biggest listings is coming together in Hong Kong without the involvement of Wall Street banks. Chery Automobile’s…
Business
Accounts Payable: Pay Now or Pay Later?
Managing accounts payable (AP) is a vital part of running a business. It involves tracking what a company owes its suppliers for goods and…
Business
Japan’s SMFG said to be in talks to buy minority stake in India’s Yes Bank
The Mumbai-based bank also counts private equity firms Carlyle Group and Advent International as minority investors Sumitomo Mitsui…
Business
Japan’s SMBC is closer to acquiring 51% stake in India’s Yes Bank: sources
Sumitomo Mitsui Banking Corp (SMBC) is close to agreement on acquiring a stake in Yes Bank, with the Japanese firm eyeing a majority 51…
Business
Hong Kong’s freight forwarding industry hit by trade war, SCMP reports
Hong Kong’s freight forwarding industry is reeling from the US-China trade war with 41 per cent of container capacity from the city to…
Business
Giorgio Armani, Fondazione del Tessile Italiano Invest in YHub to Boost Traceability and Sustainability in Fashion
MILAN — Giorgio Armani SpA and Fondazione del Tessile Italiano are investing in YHub, a leading group in solutions and technologies for…
Business
ServiceNow eyes US$1 billion revenue for AI product by 2026
The company makes software applications that help companies organise and automate their personnel and information technology operations…