Business
Stocks to watch: Suntec Reit, China Everbright Water, Tan Chong International
THE following companies saw new developments that may affect trading of their securities on Thursday (Jan 9): Suntec Real Estate…
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Business
Seven & i convenience store recovery hits wider retail headwinds
SEVEN & i Holdings will show some signs of recovery at its convenience stores in Japan and North America when it reports quarterly…
Business
Japan’s Seven & i Holdings reports 24% drop in third-quarter profit
Profit fell to 128 billion yen (S$1.1 billion) in the period from September to November Japan’s Seven & i Holdings, operator of the…
Business
BlackRock to cut about 1% of its employees; asset managing giant has over 20,000 staff
BLACKROCK told employees it’s cutting roughly 1 per cent of its workforce after it committed more than US$25 billion for acquisitions last…
Business
Blackstone’s infrastructure fund for individuals raises more than US$1 billion
BLACKSTONE is betting individuals will turn the firm into a bigger force in roads, ports and data centres. The alternative asset manager…
Business
Jefferies profit triples in sign dealmaking slump is ending
JEFFERIES Financial Group’s profit soared on a rebound in mergers and acquisitions (M&A ) and a surge in equity-trading revenue, signs…
Business
Fed minutes show officials were eager to slow interest-rate cuts
FEDERAL Reserve officials in December adopted a new stance on rate-cutting amid elevated inflation risks, deciding to move more slowly in…
Business
Sebastian Mallaby on Finance’s Intellectual Adventure Stories
Sebastian Mallaby is a senior fellow at the Council on Foreign Relations and the author of five books, including, most recently, “The…
Business
Hyundai Teases Upcoming Ioniq 5 N 'DK Edition' With Big Rear Wing
The Hyundai Ioniq 5 N is a revelation — a fun-forward twist on the performance EV that turns a good crossover into a great hot hatchback.…
Business
Venâncio Mondlane is Mozambique’s political challenger: what he stands for
When people watched political debates on Soico TV, one of the most watched private channels in Mozambique, around 2010, they often saw a…
Business
US: Wall St opens muted as investors assess data, Trump economic emergency report
Wall Street’s main indexes opened subdued on Wednesday (Jan 8), as investors digested softer-than-expected jobs data and took stock of a…
Business
Gordon Tang and wife increase cash offer for Suntec Reit to S$1.19 a unit
THE mandatory conditional cash offer made by property tycoon Gordon Tang and his wife Celine to acquire all the units of Suntec Real…
Business
Tesla poised for US$1 billion windfall from EU’s emissions curbs
TESLA could collect more than 1 billion euros (S$1.4 billion) in compensation from rival automakers that need help meeting tougher…
Business
Tesla poised for 1 billion euros windfall from EU’s emissions curbs
TESLA could collect more than 1 billion euros (S$1.4 billion) in compensation from rival automakers that need help meeting tougher…
Business
How long will Genesis be the inconspicuous luxury brand?
It took Toyota decades to crack the European market with Lexus but look at it now: from the low thousands year in year out to what should…
Business
Car dealer Tan Chong expects unrealised loss of HK$29 million for FY2024
TAN Chong International said on Wednesday (Jan 8) that it expects to record an unaudited unrealised loss of HK$29 million (S$5.1 million)…
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Business
A Lesson in Creativity and Capitalism from Two Zany YouTubers
James Hobson began publishing videos on YouTube in 2006, when he was still a high-school student in Ontario, Canada. His early uploads…
Business
China Everbright issues first tranche of medium-term notes for 2025
CHINA Everbright Water has issued its first tranche of medium-term notes (MTNs) for 2025 with a principal amount of 1.5 billion yuan…
Business
Japan’s Seven & i deal related to national security: economy minister
JAPANESE economy minister Ryosei Akazawa said on Wednesday (Jan 8) he believed a potential foreign acquisition of retail giant Seven & i…
Business
Japan flags foreign takeover of 7-Eleven owner as a national security issue
A POTENTIAL foreign acquisition of Japanese retail giant Seven & i would be “heavily related” to national security, Japan’s Economy…
Business
Apple executives discuss potential investment in Indonesia
Indonesia's Industry Minister Agus Gumiwang Kartasasmita reportedly held talks recently with Apple executives about the company's…
Business
iShares MSCI Asia ex-Japan Climate Action ETF crosses US$1.22 billion in AUM
IN over a year since its launch, the iShares MSCI Asia ex-Japan Climate Action ETF has surpassed US$1.22 billion in assets under…
Business
BlackRock becomes Yangzijiang Shipbuilding’s substantial shareholder
Asset manager acquires 10.8 million shares of maritime vessel maker for an unknown amount of consideration ASSET manager BlackRock is…
Business
World’s biggest asset manager BlackRock is now Yangzijiang Shipbuilding substantial shareholder
BlackRock, which manages over US$10 trillion in assets, acquires 10.8 million shares of maritime vessel maker to raise its deemed interest…