Business
Wall Street slips at open as investors assess key jobs data
Wall Street’s main indexes slipped at the open on Tuesday (Dec 16) after data broadly signalled a cooling US economy, paving the way for…
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Business
Business
As the Powerball skyrockets to $1.25 million, a look at the 10 biggest U.S. jackpots ever won
The Powerball jackpot has grown to an estimated $1.25 billion for Wednesday night’s drawing after lottery officials said no ticket matched…
Business
Property tycoon Gordon Tang to acquire Suntec Reit manager
Tang and his affiliates currently own 35.7% of Suntec Reit, while the Reit manager ESR Trust Management (Suntec) owns 10.8% Acrophyte…
Business
Pfizer forecasts 2026 profit below expectations on lower Covid product sales
Pfizer has rolled out a sweeping cost reduction programme in response to the drop in Covid-19 sales Pfizer on Tuesday (Dec 16) forecast…
Business
Howard Stern Says He’s Renewed SiriusXM Deal for Three More Years
After months of negotiations, Howard Stern said he’s staying with SiriusXM, where his show has aired since 2006, for another three years.…
Business
F&N dairy subsidiary to acquire additional 4.6% stake in Vinamilk from Jardine C&C
The deal involves about 96.1 million sale shares, with a total consideration of around six trillion Vietnamese dong F&N Dairy Investments…
Business
EC World Reit granted more time until May 2026 to submit resumption proposal
SGX-ST has considered that it needs more time to work on proposals to meet its loan repayment obligations EC World Real Estate Investment…
Business
Consortium Brand Partners Acquiring California Pizza Kitchen
Consortium Brand Partners is getting into the food business. The New York-based consumer brand investment platform that owns Draper James,…
Business
Samudera Shipping unit, Imoto Corporation enter JV to set up shipping company in Japan
Blue Ocean Shipping will be headquartered in Kobe and is expected to begin operations in the first half of 2026 A subsidiary of container…
Business
Keppel divests remaining interests in two Singapore data centres for S$50.5 million to Keppel DC Reit
Asset manager Keppel announced on Tuesday (Dec 16) that its connectivity division has agreed to sell its stakes in two data centres for a…
Business
Amazon European hub in Luxembourg braces for record job cuts
Amazon.com’s decision earlier this year to axe 14,000 employees around the globe is reverberating at the company’s European headquarters…
Business
LVMH Watch Week Is Heading To Milan For 2026 Edition
For its seventh edition, LVMH Watch Week is landing in Milan. On Tuesday, LVMH Moët Hennessy Louis Vuitton announced the destination where…
Business
Manulife US Reit unitholders agree to strategic pivot into non-office sectors
The shareholders approve two resolutions to support the Reit’s ‘Growth and Value Up’ plan Unitholders of Manulife US Reit (MUST) have…
Business
Airline Caterer Gategroup said to pick banks for Zurich IPO
The world’s biggest in-flight caterer Gategroup Holding has selected banks for an initial public offering, which could take place as soon…
Business
Singapore stocks edge lower ahead of key US data; STI down 0.2%
Singapore stocks ended lower on Tuesday (Dec 16), ahead of a slate of US economic data due later in the day. The benchmark Straits Times…
Business
‘Shadow banking’ growing at double the rate of traditional lenders, FSB says
The sector’s rapid growth alarms regulators over weak transparency and risks spilling into broader financial markets The non-bank…
Business
Thousands of drivers wrongly fined for speeding since 2021
Thousands of drivers could have speeding fines cancelled after a fault saw some cameras falsely triggered on English A roads and…
Business
MUFG’s next CEO Hanzawa seeks growth to close gap with global rivals
While widely seen as a safe choice, whether he can further elevate the group with 400 trillion yen in assets will be closely watched…
Business
TotalEnergies wins 21-year deal to power Google data centres in Malaysia
The power supply contract is expected to take effect in the first quarter of next year France’s TotalEnergies said on Tuesday (Dec 16) it…
Business
UK unemployment rate rises slightly to 5.1%
Emer MoreauBusiness reporter The UK unemployment rate in the three months to October has increased to 5.1%, according to official figures.…
Business
Thai central bank is 'taking action' on baht, worried by rapid rise
Thailand’s central bank has taken action to tackle the appreciation of the baht, governor Vitai Ratanakorn said on Tuesday (Dec 16). It is…
Business
Kering Sells 60% Stake in Fifth Avenue Property
Continuing to shed real estate assets to raise cash and reduce its debt, Kering announced a joint venture agreement with private equity…
Business
UK and South Korea strike trade deal
Emer Moreau,business reporterand Jonathan Josephs,business correspondent The UK and South Korea have finalised a trade deal which the…
Business
Rivian CEO RJ Scaringe charts a new course for autonomous vehicles
“Somehow, it didn’t leak.” When I caught up with Rivian founder and CEO RJ Scaringe after the company’s “AI & Autonomy Day” keynote on…