Business
What is Macrovalue – set to purchase Cold Storage and Giant – and who are its owners?
Supermarket and retail operator DFI Retail, which owns Cold Storage and Giant in Singapore, said on Mar 24 that it will sell its food…
Section
Business
Business
Malaysia’s Macrovalue is buying Cold Storage and Giant: Who are its owners and what’s the game plan?
Supermarket and retail operator DFI Retail, which owns Cold Storage and Giant in Singapore, said on Mar 24 that it will sell its food…
Business
Cold Storage, Giant customers can expect cheaper products, more variety after takeover, buyer says
Customers of Cold Storage and Giant can expect more value for money, a greater variety of merchandise and new outlets following the sale…
Business
Indonesia intervenes as rupiah falls to Asian crisis lows
Indonesia’s central bank stepped into the currency market to defend the rupiah on Tuesday (Mar 25), as growing concerns over politics,…
Business
Hyundai Steel unveils US factory plan, shares skid
Hyundai Steel will invest US$5.8 billion along with Hyundai Motor Group to build a plant in Louisiana in the United States with an annual…
Business
Cathay Pacific will comply with stricter rules on power banks
Cathay Pacific Airways has been forced fall into line with its airline peers on rules governing portable power banks after the Hong Kong…
Business
Asia: Most markets track Wall Street on tariff hope
Equities mostly rose in Asia on Tuesday, extending Wall Street’s rally on easing fears over Donald Trump’s planned tariffs, while traders…
Business
StanChart boosts private credit presence with new hires in India
The bank has also appointed Ankit Dokania as director for the same team, and S Siddharth as executive director for private and traded…
Business
China's electric carmaker BYD sales beat Elon Musk's Tesla
Chinese electric vehicle maker BYD has reported annual revenue for 2024 that has leapfrogged rival Tesla. The Shenzhen-based firm says…
Business
Alibaba’s chairman warns of a ‘bubble’ in AI data centre buildout
Alibaba Group Holding chairman Joe Tsai warned of a potential bubble forming in data centre construction, arguing that the pace of that…
Business
Trump Media taps Singapore’s Crypto.com for Made-in-America ETFs
The products will be available this year in the US, Europe and Asia, pending regulatory approval Trump Media & Technology Group plans to…
Business
Alibaba says to begin re-hiring on the back of renewed tech sector confidence
Alibaba Group Chairman Joe Tsai said on Tuesday there were clear signs China’s business entrepreneurs were more confident following a…
Business
Ex-Goldman analyst’s hedge fund reaps 300% on small Japan banks
Katsunori Tanaka spent most of his 19 years at Goldman Sachs scrutinising Japan’s biggest banks as an equity analyst. Now he’s making…
Business
Lottery Winners: How Robbie Williams became a 'therapist' for indie band
Mark Savage Music Correspondent Thom Rylance, frontman of indie band The Lottery Winners, has experienced panic attacks since he was a…
Business
China’s steel market is still in thrall to bleak property data
Chinese steel prices are languishing, despite signs of resilience in the wider economy and the approach of peak demand season in the…
Business
Samsung Electronics co-CEO Han Jong-hee dies of heart attack at 63
Samsung Electronics co-chief executive officer Han Jong-hee, who is credited for growing the Korean conglomerate into the world’s top…
Business
23andMe’s bankruptcy puts 15 million users’ DNA info on auction block
Millions of Americans who sent their saliva to 23andMe in the hopes of finding lost relatives or identifying health risks buried in their…
Business
Frasers Centrepoint Trust to buy rest of Northpoint City for S$1.17 billion
The manager of Frasers Centrepoint Trust (FCT) on Tuesday (Mar 25) announced that it has entered into unit purchase agreements with FCL…
Business
'I could lose £100K despite Woodford fund redress scheme'
Helen Catt Political correspondent People who lost tens of thousands of pounds when a star stockpicker's investment fund collapsed say…
Business
Judge Dismisses Five Charges Against Sean ‘Diddy’ Combs’ in $30 Million Sexual Assault Lawsuit
A judge has granted and denied charges brought against Sean “Diddy” Combs in a $30 million lawsuit from former producer Rodney “Lil Rod”…
Business
Private equity poised for more deal activity in Asia: Bain
Carve-out deals represent a top investment opportunity, particularly in Japan and Korea, as conglomerates streamline operations and sell…
Business
Korean Air finalises US$32 billion aircraft deal with Boeing, GE
Korean Air has finalised a deal to purchase up to 50 Boeing aircraft, the United States said on Monday, a move that comes as President…
Business
Xiaomi raises US$5.5 billion in share sale for business expansion
China’s Xiaomi Corp said on Tuesday it had raised US$5.5 billion in an upsized share sale that will help fund the acceleration of its…
Business
HSBC weighs outsourcing some trading operations to lift returns
HSBC Holdings is considering outsourcing part of its sprawling trading business as executives struggle to justify making technology…