Business
Singapore shares fall as company earnings disappoint; STI down 0.2%
Across the broader market, gainers beat losers 330 to 236, after 1.5 billion securities worth S$1.7 billion change hands SINGAPORE stocks…
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Business
Business
OCBC conservative about FY2025 targets amid trade tensions, uncertainties
Bank’s Q4 net profit is up 4% at S$1.7 billion, while full-year earnings rise 8% to a record S$7.6 billion OCBC rode on the strength of…
Business
Indonesia agrees deal with Apple that could end iPhone sales ban: reports
The deal could allow Apple to start selling its iPhone 16 in Southeast Asia's largest economy (Frederic J. BROWN) Indonesia has struck a…
Business
Indonesia reaches pact with Apple, signalling end for iPhone ban
APPLE has signed an agreement with Indonesia to invest in the country, paving the way for sales of the iPhone 16 to resume in South-east…
Business
Thai central bank surprises with rate cut as risks to growth increase
THE Bank of Thailand unexpectedly cut its key interest rate for the first time in four months, acting after disappointing growth data and…
Business
CDL says Sherman Kwek remains group CEO, as board battle erupts
City Developments Ltd (CDL) group chief executive officer Sherman Kwek said recent changes to the board have “never been about ousting our…
Business
CDL CEO Sherman Kwek disappointed by father’s ‘extreme actions’ against him after suits filed
CITY Developments Ltd (CDL) group chief executive officer Sherman Kwek said that recent changes to the board have “never been about…
Business
Great Eastern privatisation is ‘natural progression’ in bank’s strategy: OCBC CEO Helen Wong
THE full integration of Great Eastern into OCBC will help the lender realise more synergistic value, by providing more opportunities for…
Business
St. John Announces New Leadership
St. John is unveiling new leadership following news in January that its chief executive officer Andy Lew would step up to lead parent…
Business
EXCLUSIVE: Giuseppe Zanotti Buys Back Minority Stake From L Catterton
MILAN — Giuseppe Zanotti has bought back the minority stake in his namesake brand from investment fund L Catterton. The acquisition takes…
Business
Alibaba makes AI model for video, image generation publicly available
CHINESE e-commerce leader Alibaba said on Wednesday (Feb 26) that its video- and image-generating artificial intelligence (AI) model Wan…
Business
Battle erupts between billionaire Kwek Leng Beng and son Sherman Kwek for control of CDL
A tussle between father and son for control of property giant City Developments Limited (CDL) was revealed on Feb 25 with executive…
Business
Super Micro jumps after filing delayed financial reports
SUPER Micro Computer gained more than 20 per cent in extended trading after it submitted outstanding financial reports to become compliant…
Business
OCBC shares fall nearly 3% after Q4 earnings miss
Net profit of S$1.69 billion for the fourth quarter fell short of the S$1.78 billion consensus forecast SHARES of OCBC fell in early…
Business
SingPost to hold EGM on Mar 13 to seek shareholders’ approval for sale of Australia business; mulls special dividend
SINGAPORE Post (SingPost) said on Wednesday (Feb 26) it will hold an extraordinary general meeting (EGM) to seek shareholders’ approval…
Business
Coupang Says Farfetch Turnaround Is Taking Root
LONDON— Farfetch turned a profit in the fourth quarter of 2024 and parent Coupang is confident that its turnaround strategy for the…
Business
How to Build Wealth for Retirement: Smart Investing Strategies
If you want to build wealth for retirement, it will require careful planning, disciplined investing, and a long-term perspective. Whether…
Business
Italy extends big tech tax probe to Musk’s X social network
ITALY is claiming 12.5 million euros (S$17.4 million) from Elon Musk’s social network X following a tax probe running parallel to one into…
Business
Saks Global Is Cutting 5 Percent of Its Corporate Workforce
Saks Global is cutting 5 percent of its corporate workforce, or just under 150 staffers, WWD has learned. The cutback is part of the…
Business
Eddie Lampert Pressures Lands’ End to Find a Buyer
Edward “Eddie” Lampert wants Lands’ End to find a buyer. Lands’ End said on Tuesday that it received a letter from Lampert, its majority…
Business
Forest City could become cheaper, secondary family office hub to complement Singapore
While the fundamentals are there, it is too early to tell if the zone could become a regional wealth centre MALAYSIA’S Forest City could…
Business
Visionnaire Sets the Tone With Milan Showroom Revamp, Gears Up for London and Shanghai Openings
MILAN — Outfitted with an art space and a vegan bistro, upscale Italian design firm Visionnaire wants end consumers to hang out a while.…
Business
Japan's ANA to purchase mega-order of 77 new jets
Japan's All Nippon Airways (ANA) will have approximately 320 aircraft in its fleet by the financial year 2030 (Richard A. Brooks) Japan's…
Business
Juana Gets a Power-packed Rebrand
In the crowded skin care space, it takes something revolutionary to capture the attention of industry titans. For Juana, the CBD-powered…