Business
ADIA to invest US$750 million in debt of India’s GMR Group
ABU Dhabi Investment Authority (ADIA), the UAE’s largest sovereign wealth fund, will invest about US$750 million in the debt of India’s…
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Business
Business
Heineken third-quarter beer volumes hit by weak Americas
HEINEKEN reported worse-than-expected beer volumes due to declines in the Americas and Asia-Pacific as consumers failed to ramp up…
Business
Ascott China forms JV with Jin Jiang Hotels to grow apartment hotel brands in China
THE China business segment of Ascott has entered into a joint venture (JV) with Jin Jiang Hotels to expand their respective apartment…
Business
Australia’s Qantas hits record high as Jefferies lifts price target
SHARES of Qantas Airways hit an all-time high on Wednesday (Oct 23) after Jefferies analysts hiked their price target on Australia’s flag…
Business
HSBC revamp by new CEO Georges Elhedery stumps staffers, investors alike
HSBC Holdings’ new chief executive officer just unveiled the biggest overhaul of the company in at least a decade, but it was missing some…
Business
Stocks to watch: Mapletree Logistics Trust, CapitaLand Ascott Trust, Keppel Infrastructure Trust, Parkway Life Reit
THE following companies saw new developments that may affect trading of their securities on Wednesday (Oct 23): Mapletree Logistics Trust…
Business
US banks brace for open banking era of consumer data sharing
US BANKS will now have to give customers access to their financial data after the top consumer watchdog finalised a long-awaited rule…
Business
McDonald’s linked to dozens of food poisonings, one death in US
ONE person has died and dozens have fallen sick following a severe E. coli outbreak linked to McDonald’s Quarter Pounder hamburgers, the…
Business
Woman at NY casting told she's too short to be a model—Here's what she said
Standing at just 5 feet and 3 inches, Alysha Hemani wants to defy the conventional expectations of the ever-exclusive modeling industry.…
Business
Amazon sets ultra-low pricing plans for Temu rival store: The Information
AMAZON.COM is imposing severe price caps on what merchants can charge for their products on a new low-cost storefront that the e-commerce…
Business
BOE’s Bailey says tools need to improve to surveil non-banks
THE Bank of England needs to improve the ways it is able to track developments in the non-banking system, which is less transparent…
Business
OUE unit to issue S$50 million in fixed-rate green notes due 2029 at 4%
AN OUE subsidiary, OUE Treasury, has proposed to issue S$50 million in green notes due 2029 at a fixed rate of 4 per cent per annum, the…
Business
FBI investigating leaked documents on Israel's Iran attack plan
The FBI on Tuesday announced that it is investigating the unauthorized release of classified documents detailing Israel's potential…
Business
3M raises profit forecast after quarterly beat on electronics demand
An uptick in demand for electronics used in vehicles and mobile phones boosted profit for the company 3M Co raised the lower end of its…
Business
Moody’s raises full-year profit forecast above estimates on strong product demand
RATINGS agency Moody’s raised its full-year adjusted profit forecast above Wall Street estimates and posted a nearly 31 per cent rise in…
Business
GM results exceed Wall Street targets; company is upbeat on full-year earnings
General Motors continued to defy Wall Street’s expectations this year, posting third-quarter results ahead of analyst projections on the…
Business
ASML chief sees US pressure building for more China restrictions
ASML Holding chief executive officer Christophe Fouquet expects pressure will grow from the US to further restrict sales of semiconductor…
Business
China’s Singles’ Day sales festival fails to inspire consumers
CHINA’S largest shopping event is underway but most merchants and retail analysts expect flat or at best, tepid sales growth, noting…
Business
Weak China demand puts brakes on Holiday Inn owner IHG in third quarter
HOLIDAY Inn owner InterContinental Hotels Group (IHG) reported a sharp slowdown in room revenue growth in the third quarter as weak demand…
Business
France’s Wendel to acquire Monroe Capital for US$1.13 billion
The French company will also invest US$1 billion to support the US firm’s growth, which will retain its brand and continue to operate…
Business
China’s Horizon Robotics raises HK$5.4 billion in biggest Hong Kong IPO of 2024
CHINESE autonomous driving firm Horizon Robotics has priced its shares at the top of its range to raise HK$5.4 billion (S$913.4 million)…
Business
Japan wants more remote workers to boost economy
As remote work gains in popularity, Japan aims to draw more digital nomads in hopes of giving local economies a boost amid demographic…
Business
Brokers’ take: OCBC initiates coverage on PropNex with ‘buy’
OCBC Investment Research has initiated coverage on PropNex with a “buy” call and a fair value estimate of S$0.91. It anticipates that…
Business
Hyundai Motor India dips in debut after record US$3.3 billion IPO
HYUNDAI Motor India shares slipped as much as 2.6 per cent early in their Mumbai debut, a lacklustre start to trading in what has been one…