Business
HSBC AM joins peers with private equity fund targeting wealthy
HSBC Holdings’ asset management (AM) arm is launching a private equity strategy targeting wealthy clients, the latest move by a major…
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Business
Business
ANZ starts cutting jobs in institutional banking division
Precisely how many roles will be eliminated from the restructure remains unclear, and the bank has said that it will update investors on…
Business
What to Watch: Phoebe Philo, Skims and Kith Bet on London Despite Tough Retail Climate
LONDON — The absence of tax-free shopping cost the West End 310 million pounds in retail sales in the first six months of the year,…
Business
Asia: Markets down as gold hits fresh high
Asia markets were down on Wednesday while gold extended its six-day rally after reaching a record high as investors sought safe havens…
Business
China’s chemicals makers reap reward of shift from oil to coal
Falling coal prices are shifting the profitability of China’s chemicals sector, away from traditional oil-based producers to the growing…
Business
Boustead surges 12.8% on the back of Reit listing application
The counter shoots up to S$1.68 as at 10.07 am, gaining S$0.19 from its previous close Shares of engineering and technology group Boustead…
Business
Hyflux got only S$150 million bank loan for S$890 million project because of cash flow concerns
Even after Hyflux won its bid for the S$890 million Tuaspring project in March 2011, it managed to secure only a S$150 million bank loan.…
Business
Gold extends record run as US rate-cut bets lift appeal
Gold prices extended their record run on Wednesday (Sep 3), holding firm above the key US$3,500 level, driven by growing investor…
Business
JPMorgan to boost corporate banking in India on investment jump
JPMorgan Chase is strengthening its corporate banking presence in India, focusing on sectors such as electric vehicles, data centres, and…
Business
Nestle CEO switch a chance to reset: experts
NESTLE’S sudden sacking of its chief executive over an office relationship gives the Swiss food giant a chance to reset and return to its…
Business
Google keeps Chrome and Apple deal but must share data in big antitrust ruling
GOOGLE won’t have to sell its Chrome browser, a judge in Washington said on Tuesday, handing a rare win to Big Tech in its battle with US…
Business
EV maker Nio posts 0.3% wider Q2 net loss of 5.1 billion yuan despite top-line growth
Chinese electric vehicle (EV) maker Nio recorded a net loss of 5.1 billion yuan (S$928.4 million) for its second quarter ended Jun 30,…
Business
Stocks to watch: Nio, Keppel Infrastructure Trust, Centurion, Boustead, mm2 Asia
The following companies saw new developments that may affect trading of their securities on Wednesday (Sep 3): Nio: The electric vehicle…
Business
Ikea to drive China furniture costs lower as price war deepens
Ikea pledged to keep prices lower at its China stores, as the world’s largest furniture retailer courts thriftier buyers and seeks to fend…
Business
China’s rich return to risky ‘snowball’ derivatives for yields
China’s wealthy are once again pouring money into “snowball” derivatives for juicier returns, a year after the regulator curbed the…
Business
Cardi B Found Not Liable in $24 Million Assault Lawsuit
A Los Angeles jury has cleared Cardi B of assault accusations from a security guard that originally sued her for $24 million over the…
Business
Who will be next to lead Temasek, and is there enough time for them to come up to speed?
Temasek Holdings executive director and chief executive Dilhan Pillay last week made clear that the Singapore investment company is paving…
Business
J.McLaughlin Aims to Elevate Its Storytelling
J.McLaughlin intends to “amplify” its brand image and storytelling and has a new team on the case. In July, Greg Unis, former president of…
Business
Blackstone to invest in South Korean hair care business Juno
The investment underscores the broader appeal of K-beauty to private equity firms, as they seek to capitalise on the growth of South…
Business
Europe: Stoxx 600 ends near one-month low as bond yields rise on fiscal woes
EUROPEAN shares finished near one-month low on Tuesday after a broad-based selloff, driven by a rise in bond yields as investors grew…
Business
US: Stocks retreat as trade uncertainty drags on
Wall Street stocks retreated on Tuesday after a US court ruling threw fresh uncertainty over President Donald Trump’s trade policy. Trump…
Business
Apple gains on US ruling that spares search deal with Google
Apple shares gained in late trading after a US judge stopped short of barring its lucrative search arrangement with Google, a deal that…
Business
US pulls TSMC’s waiver for China shipments of chip supplies
The US has revoked Taiwan Semiconductor Manufacturing Co’s (TSMC) authorisation to freely ship essential gear to its main Chinese…
Business
Kith Is Opening Padel Club ‘Kith Ivy’ Complete With a Section for New York City’s First Erewhon
Erewhon is headed to New York City via Kith‘s new padel club, according to an Instagram post from Kith founder and chief executive officer…