Business
Why Sabana Reit should hold off on asset sales for now
Such action would have been more appropriate when Sabana Reit tried to merge with ESR Reit in 2020, or when it first started the perilous…
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Business
Business
New Aga Khan named as Prince Rahim Al-Hussaini
Prince Rahim Al-Hussaini has been named the new Aga Khan, spiritual leader of millions of Shia Ismaili Muslims around the world. He will…
Business
EXCLUSIVE: Cosnova Sales Surpass $1 Billion in 2024
PARIS — Cosnova sped past the $1 billion sales mark last year. The German beauty company, best known for its affordable makeup brands…
Business
Vanguard’s record fee cuts tighten screws on BlackRock, Invesco
VANGUARD Group’s biggest salvo yet in its campaign to cut fees for the investing masses presents industry rivals with a painful choice.…
Business
Google shares plummet after earnings disappoint
Just a few minutes after trading opened in New York, shares in Google-parent Alphabet were down 7.16% Shares in Google dropped by more…
Business
US: Nasdaq, S&P 500 open lower as Alphabet, AMD forecasts disappoint
THE tech-heavy Nasdaq led losses among the major Wall Street indexes at the open on Wednesday (Feb 5), following downbeat forecasts from…
Business
Parkway Life Reit H2 DPU falls 1.3% to S$0.0738 on enlarged unit base
PARKWAY Life Real Estate Investment Trust’s (Reit) distribution per unit (DPU) for the second half ended Dec 31, 2024 was S$0.0738,…
Business
Uber’s fourth-quarter earnings miss overshadows bookings growth
UBER Technologies reported weaker-than-expected fourth-quarter earnings and operating income, overshadowing steady bookings growth.…
Business
Bullying and discrimination at fire service - review
One of Wales' fire brigades has been described as an "operational boys' club" where people are more likely to get promoted if they go…
Business
Capri Hit Hard by $675M Impairment Charge in Q3
Capri Holdings is still looking for its footing. The company, which owns Michael Kors, Versace and Jimmy Choo, logged a $675 million…
Business
CapitaLand Malaysia Trust to buy three freehold industrial properties in Johor-Singapore SEZ for RM72 million
CAPITALAND Malaysia Trust (CLMT), a subsidiary of CapitaLand Investment, on Wednesday (Feb 5) signed a conditional agreement to acquire…
Business
Over 500 investors, including 300 Singaporeans, kick off claim against Switzerland over Credit Suisse bond losses of over US$250 million
Drew & Napier is leading action by investors who saw their investments wiped out when CS AT1 bonds were written down as part of takeover…
Business
Huawei chairman says 2024 revenue exceeded 860 billion yuan
HUAWEI’S chairman said on Wednesday (Feb 5) that the tech company’s annual revenue exceeded 860 billion yuan (S$159.6 billion) last year,…
Business
GSK plans £2 billion share buyback, boosts long-term outlook
The buyback comes after GSK saw earnings per share, excluding some items, at 23.2 pence in the fourth quarter GSK plans to buy back £2…
Business
South Korea’s top listing in years flops in debut as IPO fever cools
SOUTH Korea’s biggest new listing in more than two years got off to weak start as LG CNS fell on its Seoul trading debut after a 1.2…
Business
Investors eye more share buybacks, special dividends as DBS, OCBC, UOB release Q4 earnings
The local banking trio are due to report their fourth quarter and full year 2024 results in February INVESTORS are keenly watching the…
Business
Credit Agricole reports 27% Q4 profit jump, aided by Amundi and trading
CREDIT Agricole, France’s second-biggest listed bank, blew past quarterly earnings forecasts on Wednesday (Feb 5) with a 27 per cent jump…
Business
Cristiano Ronaldo: Rio Ferdinand reflects on star's 'greatness'
Rio Ferdinand looks back at the career achievements of his former Manchester United team-mate, Cristiano Ronaldo ahead of the Portuguese…
Business
Singapore investors lead Asean peers with 22% surge in purchase of gold bars, coins in 2024
SINGAPORE investors did not shy away from physical gold despite its soaring prices in 2024, leading the demand growth in Asean region with…
Business
EXCLUSIVE: Anine Bing Divulges Ambitions to Double Revenues and Store Count Globally
Scandinavian simplicity continues to win more fashion fans worldwide — and Anine Bing is certainly doing her part. The Los Angeles-based…
Business
Thailand to roll out next phase of handout scheme in Q2, plans more stimulus
So far about 17.5 million people have received payments since it started last September THAILAND’S government will implement the third…
Business
Philippine central bank to take ‘measured approach’ in easing as inflation steadies
THE Philippine central bank will take a “measured approach” in easing policy rates, it said on Wednesday (Feb 5), as annual inflation held…
Business
Toyota raises full-year profit outlook by 9% to 4.7 trillion yen, to establish EV, battery unit in China
TOYOTA Motor raised its full-year operating profit forecast by 9 per cent on Wednesday, in a sign of confidence in its ability to ride out…
Business
Carol Hamilton to Retire From L’Oréal USA
Carol Hamilton, a key architect of the growth of L’Oréal USA, will retire from the company on May 1. During the course of her 40-year…