Business
Adrian Cheng Resigns From Non-Executive Director Role
Adrian Cheng, the fashion investor and third-generation heir to New World Development, one of Hong Kong‘s largest real estate companies,…
Section
Business
Business
Alibaba offers 50 billion yuan of subsidies to defend turf in China
The world’s second-largest economy’s e-commerce leader is facing growing challenges from up-and-comers such as PDD Holdings Alibaba Group…
Business
SoftBank’s Ampere deal faces in-depth US probe in threat to AI ambitions
SoftBank Group’s US$6.5 billion acquisition of semiconductor designer Ampere Computing is facing a potentially lengthy probe by the US…
Business
Manhattan home sales surge 17% with cash buyers leading the way
Manhattan home sales in the second quarter were stronger than they have been in almost two years, boosted by cash buyers undeterred by the…
Business
MMC Port moves closer to launching Malaysia’s biggest IPO in 13 years
The port operator will not receive any proceeds from the initial public offering, but it is upbeat about its financial strength Port…
Business
Qantas data breach to impact 6 million airline customers
Tabby Wilson BBC News, Sydney Qantas is contacting customers after a cyber attack targeted their third-party customer service platform. On…
Business
MAS proposals a step forward in ‘democratising’ investing, ‘strikes right balance’: observers
The Monetary Authority of Singapore’s (MAS) proposals to strengthen product highlights sheet (PHS) requirements and streamline the…
Business
Singapore’s STI hits new high as investors flock to safe havens amid global risks
The Straits Times Index (STI) notched a new high of 4,011.78 on Wednesday (Jul 2) as Singapore draws a rush of investors seeking safe…
Business
Gold prices ease ahead of US data as investors weigh Fed rate stance
Gold prices edged lower on Wednesday (Jul 2) as investors awaited US payroll data and assessed Federal Reserve chair Jerome Powell’s…
Business
Alibaba expands AI cloud services in Malaysia, Philippines
The company will accelerate the buildout of its global cloud network in China, Japan, South Korea, South-east Asia, the Middle East,…
Business
Yangzijiang Financial rises over 6% after update on maritime subsidiary incorporation
Shares of Yangzijiang (YZJ) Financial rose by over 6 per cent on Wednesday (Jul 2) morning, following an update by the group on its…
Business
Intel’s new CEO explores big shift in chip manufacturing business
Intel’s new chief executive is exploring a big change to its contract manufacturing business to win major customers, two sources familiar…
Business
Del Monte Foods files for bankruptcy; SGX-listed parent has over US$700 million exposure to US unit
Del Monte Pacific (DMP) is expected to take a body blow from the failure of its US unit, as the latter accounts for a big chunk of its…
Business
Rob McElhenney Defends Name Change to ‘Rob Mac,’ Admits It’s ‘Kinda Douchey’: ‘Many Generations Changed the Spelling’
Rob McElhenney, soon to be known as Rob Mac, is defending the decision to change his last name. In a recent post on X, McElhenney shared a…
Business
Toyota delays EV plans to boost petrol-fuelled SUV output
Toyota Motor is tapping the brakes on plans to build electric vehicles (EVs) in the US to free up manufacturing capacity for a popular…
Business
Bezos unloads US$737 million of Amazon stock in year’s first sale
Jeff Bezos sold 3.3 million Amazon.com shares in recent days, netting US$736.7 million. The sale, which coincided with his star-studded…
Business
YZJ Financial incorporates YZJ Maritime Development as subsidiary at issued and paid-up share capital of US$100
Yangzijiang Financial released an update on Wednesday (Jul 2) that its proposed spin-off company Yangzijiang (YZJ) Maritime Development…
Business
Cathay Cineplexes gets S$3.4 million payment demand from landlord of shuttered Jem outlet
Embattled cinema chain Cathay Cineplexes on Tuesday (Jul 1) received a statutory demand from lawyers representing the landlord of its…
Business
Central banks are ditching the greenback: What’s in favour instead?
Central banks hold a variety of assets, each serving a specific purpose tied to their mandate of maintaining monetary and financial…
Business
Qantas says hit by ‘significant’ cyberattack
Australian airline Qantas said on Wednesday it was investigating a “significant” cyberattack, after hackers infiltrated a system…
Business
Retailers Target Amazon With Prime Day Alternative Events, As Summer of Sales Kicks Off
If you purchase an independently reviewed product or service through a link on our website, Variety may receive an affiliate commission.…
Business
Binance to keep hundreds of staff in Singapore despite crackdown
The world’s largest digital assets exchange Binance, plans to keep hundreds of remote workers in Singapore, despite a crackdown on…
Business
Tesla’s sluggish sales return to the fore after robotaxi debut
Tesla’s rally off the back of launching a limited driverless taxi service is about to be tested by what analysts expect will be another…
Business
US Federal Reserve must be ‘completely non-political’: Powell
The US Federal Reserve must be “completely non-political”, its chair Jerome Powell said on Tuesday, after President Donald Trump…