Business
mm2’s Cathay receives more legal letters on outstanding rent
Cathay Cineplexes has received additional letters concerning outstanding rent, its parent company mm2 Asia announced in bourse filings on…
Section
Business
Business
Paris robbery prompts £3m insurance payout to Royal Collection
Sean Coughlan Royal correspondent A dramatic daylight robbery at a museum in Paris last year has resulted in an insurance payment of over…
Business
Browzwear snaps up Dutch AI fashion model startup Lalaland
Dutch startup Lalaland, a pioneer of AI-generated fashion models, has been snapped up by software firm Browzwear for an undisclosed sum.…
Business
Acquisitions: The Secret to Exponential Growth
Over the past few years, I’ve led Hawk Media through the acquisition of more than 20 companies—other agencies with amazing talent. This…
Business
Samudera Shipping H1 profit doubles to US$41.8 million
Samudera Shipping reported a 100.4 per cent increase in net profit to US$41.8 million for its first half ended Jun 30, from US$20.9…
Business
NVO stock: Why did Novo Nordisk shares drop 20% today—and who is Maziar Mike Doustdar?
Health-related stocks are not having a good day. First, America’s largest health insurance provider, UnitedHealth Group (NYSE: UNH), saw…
Business
HPL says no certainties in ongoing discussions to redevelop Forum The Shopping Mall, voco Orchard Singapore
Hotel Properties Limited (HPL) has clarified that it is still in discussions with parties over the redevelopment of Forum The Shopping…
Business
Starhill Global Reit H2 NPI flat at S$74.5 million
The manager of (real estate investment trust) posted a net property income (NPI) of S$74.5 million for the second half ended Jun 30, 2025,…
Business
Maggie Gauger Exits Nike to Head Up Athleta
Maggie Gauger is making the leap from one athletic company to another. Gauger, the head of Nike‘s North America women’s business, will…
Business
US: S&P 500, Nasdaq open at record highs with earnings, Fed meeting in focus
The S&P 500 and Nasdaq opened at fresh record highs on Tuesday (Jul 29), as investors assessed a slew of earnings reports from major US…
Business
Figma’s IPO date is close. The stock could trade even higher after the design startup’s latest move
Collaborative design software company Figma has increased the price target for its highly anticipated initial public offering (IPO).…
Business
Cleo launches new ‘AI money coach’ to help fix your spending habits
UK-based fintech Cleo, known for its AI-powered budgeting app, has launched its most advanced product to date. Dubbed Cleo 3.0, the new…
Business
First Reit H1 reports lower 2025 DPU of S$0.0113 on FX depreciation and enlarged unit base
Rental and other income for H1 2025 falls 2.9 per cent to S$50.5 million from S$52 million in H1 2024 The manager of First Reit reported a…
Business
First Reit reports lower H1 DPU of S$0.0113 on FX depreciation, enlarged unit base
Rental and other income for H1 2025 falls 2.9% to S$50.5 million from S$52 million The manager of First Reit reported a 5.2 per cent fall…
Business
Boeing posts smaller loss as jet deliveries rise
Boeing reported a smaller second-quarter loss on Tuesday (Jul 29) as the US planemaker ramped up jet production and deliveries, recovering…
Business
UnitedHealth Group stock price drops again as the health insurance giant’s sickly summer continues
UnitedHealthcare’s parent company, UnitedHealth Group, is in need of some bed rest this week. The company’s stock price (NYSE: UNH) has…
Business
Ermenegildo Zegna Group Inks Agreement to Sell Stake to Temasek
MILAN – Capitalizing on the momentum of its brands, the Ermenegildo Zegna Group is welcoming a new partner. Zegna has inked an agreement…
Business
UOI H1 profit falls 39.1% to S$8.6 million, declares lower dividend of S$0.07 per share
United Overseas Insurance (UOI), the general insurance arm of UOB, posted a 39.1 per cent decline in its net profit for the first half of…
Business
Microsoft’s access to OpenAI tech is focus of contract talks
Microsoft is in advanced talks to land a deal that could give it ongoing access to critical OpenAI technology, an agreement that would…
Business
Temasek to buy a 5% stake in Italian luxury group Ermenegildo Zegna
Temasek has signed a share-purchase agreement with Ermenegildo Zegna to purchase a 5 per cent stake in the Italian luxury group at US$8.90…
Business
Temasek to buy 5% stake in Ermenegildo Zegna
Temasek has signed a share-purchase agreement with Ermenegildo Zegna to purchase a 5 per cent stake in the Italian luxury group at US$8.95…
Business
Optus’ performance in spotlight at Singtel AGM
Eight hundred Singtel shareholders packed into a function room in the Sands Expo and Convention Centre on Tuesday (Jul 29), with questions…
Business
Merck to cut jobs and costs as demand for Gardasil in China remains weak
Drugmaker Merck on Tuesday (Jul 29) announced job and cost cuts it said will save US$3 billion a year as it posted lower second-quarter…
Business
AstraZeneca quarterly net profit jumps on record US growth
British pharmaceutical giant AstraZeneca on Tuesday (Jul 29) said net profit rose 27 per cent in the second quarter, boosted by record…