Business
Joann Is Going Out of Business, Remaining Stores Will Conduct Final Sales
Fabrics and crafts retailer Joann is officially going out of business. After 80 years in the market, the company is closing its 800 stores…
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Business
Business
US: S&P 500, Nasdaq muted as US plans tighter curbs on chip exports to China
The benchmark S&P 500 and the Nasdaq had a subdued start on Tuesday (Feb 25) as markets braced for the potential impact of more stringent…
Business
Macy’s Inks New Deal to Expand Broadcasting Fourth of July, Thanksgiving Parade Events
Macy’s Inc. signed a new rights deal with NBCUniversal for Macy’s Thanksgiving Day Parade and Macy’s Fourth of July Fireworks on NBC,…
Business
SingLand H2 net profit rises 76% to S$180.5 million on higher revenue from hotel ops
SINGAPORE Land Group (SingLand) reported a net profit of S$180.5 million in the second half ended Dec 31, up 76 per cent from S$102.4…
Business
Shell expects 60% rise in global LNG demand by 2040 as Asia leads growth
GLOBAL demand for liquefied natural gas is estimated to rise by around 60 per cent by 2040, driven largely by economic growth in Asia, AI…
Business
Arctic doomsday seed vault gets more than 14,000 new samples
COPENHAGEN (Reuters) - A "doomsday" vault storing food crop seeds from around the world in man-made caves on a remote Norwegian Arctic…
Business
Business Insurance Secrets Revealed
Running a business is no small feat, and protecting it with the right insurance is just as important as managing daily operations.…
Business
Singapore shares in the red as regional indices fall; STI retreats 0.3%
Losers beat winners 326 to 234, as 1.6 billion securities worth S$1.8 billion change hands SINGAPORE equities closed Tuesday (Feb 25) in…
Business
SingPost must quickly find a new group CEO to deliver it from its troubles
The postal-service provider’s road map following the sale of its Australian unit would shape the slate of candidates and its final pick of…
Business
OCBC, UOB poised to gain most from JS-SEZ; DBS could seek to expand Malaysia footprint: analysts
The zone will enable the banks with networks that are entrenched in the two markets to gain from stronger investment flows AMONG the trio…
Business
Hein Schumacher Is Out as CEO of Unilever
LONDON – After less than two years on the job, Hein Schumacher is out as chief executive officer of Unilever, and will be replaced by…
Business
Tesla sales fall 45% in Europe as rivals’ EV registrations soar
TESLA’s sales plunged 45 per cent last month across Europe, where rival carmakers saw a surge in electric vehicle (EV) demand. The Elon…
Business
Clinique, Sacheu Among Top 10 Lip Products Purchased on Amazon
If there was any doubt as to whether The Estée Lauder Cos.’ gradual Amazon pivot was paying off, consider that within less than a year of…
Business
India’s February gold imports to hit 20-year low on record high prices: sources
INDIA’S gold imports are set to tumble 85 per cent in February from year ago levels to their lowest in 20 years, with demand sapped by…
Business
Non-profit lends helping hand after fire burns clothes
SIOUX FALLS, S.D. (KELO) — SIMDEL Children’s Education Ministry is a Sioux Falls non-profit that supports educational needs of primary…
Business
Nissan shares drop after Musk denies Tesla investment report
SHARES of Nissan Motor plunged as much as 10 per cent, the most in three weeks, after Tesla chief executive officer Elon Musk dismissed a…
Business
Yangzijiang Shipbuilding dives further after US proposed fees for Chinese-built ships
SHARES of maritime vessel maker Yangzijiang Shipbuilding tumbled further on Tuesday (Feb 25) in early trade, after the US Trade…
Business
Bank of Korea cuts rate to boost demand as Trump tariffs cast shadow
THE Bank of Korea (BOK) cut its benchmark interest rate in a widely expected move to support an economy jolted by political turmoil and…
Business
Great Eastern Q4 profit falls 14% to S$134.8 million
GREAT Eastern on Tuesday (Feb 25) reported a net profit of S$134.8 million for the fourth quarter ended Dec 31, down 14 per cent from…
Business
Great Eastern Q4 profit falls 14% to S$134.8 million, reflecting medical insurance provisions
GREAT Eastern on Tuesday (Feb 25) pointed to provisions made for its medical insurance business as the primary reason its net profit fell…
Business
PropNex H2 profit down 14.9% at S$21.9 million; proposes special S$0.025 per share anniversary dividend
REAL estate agency PropNex reported a 14.9 per cent year-on-year fall in net profit for its second half ended Dec 31 to S$21.9 million,…
Business
Zoom issues dour revenue forecasts as demand slows
ZOOM Communications forecast revenue for the full year and the first quarter below Wall Street estimates on Monday as the company…
Business
Australian regulator pushes market operator ASX on fee transparency, competition
AUSTRALIA’S corporate regulator said on Tuesday the country’s stock market operator would be required to publish a comparison of clearing…
Business
Intel says new ASML machines are in production, with positive results
INTEL on Monday said that the first two cutting-edge lithography machines from ASML Holding are “in production” at its factories, with…