Business
Manchester United posts smaller Q1 loss on cost cuts
Adjusted net loss was £349,000 (S$591,428) for the three months ended Sept 30, compared with a loss of £8.6 million a year earlier…
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Business
Business
Singapore Post in exclusive talks for Australia business sale
Singapore Post’s Australian business had posted a revenue of S$574.8 million in the half year ending Sept 30, up from S$398.8 million a…
Business
Citigroup slashes promotions as it seeks to overhaul bank, FT reports
CITIGROUP is cutting the number of year-end promotions it awards as it seeks to hold costs down amid a long-term restructuring to shrink…
Business
Indonesia rejects Apple’s US$100 million investment offer
Tech giant has not met the government’s requirements when compared with its investments in other countries, says industry minister…
Business
Hong Kong tycoon Cheng’s jeweller sees steep revenue fall amid slowdown
CHINA’S largest jewellery retailer Chow Tai Fook Jewellery Group saw revenue plunge 20.4 per cent in the half year ended September, the…
Business
Americans will throw out 316 million pounds of food on Thanksgiving. Here's how it fuels climate change
Mexico City — Each day, an army of trucks delivers tens of thousands of pounds of fresh fruit and vegetables to Mexico City’s Central de…
Business
Fireworks imports continue to rise in Germany after pandemic-era ban
The amount of fireworks being imported into Germany remains noticeably below the pre-coronavirus pandemic levels, although it has risen so…
Business
Thai banks’ bad loans highest in nearly 3 years, but manageable: central bank
THAI banks’ non-performing loans (NPLs) rose to 2.97 per cent of outstanding loans at the end of September, the highest level in nearly…
Business
Roche to acquire cell therapy maker Poseida Therapeutics in US$1.5 billion deal
SWITZERLAND’S Roche will acquire its US collaboration partner Poseida Therapeutics in a cash deal worth up to US$1.5 billion, banking on…
Business
SingPost should quickly cut borrowings by divesting its non-core properties now
Over the past two years, the group has shuttered 12 post offices, leaving another 44 that are located at SLA properties, ground floors of…
Business
Maybank’s Q3 net profit rises 7.6% to 2.5 billion ringgit
MAYBANK’s net profit for the third quarter ended Sep 30, 2024, amounted to 2.5 billion ringgit (S$770 million), up 7.6 per cent from 2.4…
Business
Maybank’s Q3 net profit rises 7.6% to RM2.5 billion
MAYBANK’s net profit for the third quarter ended Sep 30, 2024, amounted to RM2.5 billion (S$770 million), up 7.6 per cent from RM2.4…
Business
Russian hypermarkets struggle as online sales soar
In November 2024, Russia’s retail market continues to undergo a significant transformation, shaped by the rapid growth of e-commerce and…
Business
Rivian wins approval for US$6.6 billion loan for Georgia plant
RIVIAN Automotive won preliminary approval for a US$6.6 billion federal loan that will help support the construction of its delayed…
Business
TPG is said in advanced talks to buy Siemens Gamesa India assets
TPG is in advanced talks to buy the Indian wind energy assets of Siemens Energy’s Gamesa unit, sources familiar with the matter said. TPG…
Business
British Airways to introduce new first class to A380 jet in 2026
BRITISH Airways plans to introduce a new first class on its Airbus A380 double-deckers in mid-2026, betting that the most expensive seats…
Business
Haidilao operator Super Hi swings back to black with US$37.7 million Q3 net profit
HAIDILAO restaurant operator Super Hi International posted a net profit of US$37.7 million for the third quarter ended Sep 30, reversing…
Business
Hot stock: Yangzijiang Shipbuilding dips over 4% as volumes surge on married deals
It is the most highly-traded company in terms of volume as at Tuesday’s midday trading break SHARES of Yangzijiang Shipbuilding fell in…
Business
Macquarie initiates coverage on 11 S-Reits with top picks including data centre plays
MACQUARIE Research initiated coverage on 11 Singapore real estate investment trusts (S-Reits) that it prefers amid a higher-for-longer…
Business
Walmart, world’s biggest retailer, will curb diversity efforts
WALMART is reversing course on diversity, equity and inclusion (DEI) initiatives, joining a growing list of businesses retreating on DEI…
Business
Australian stock exchange targets 2029 for phase two of trading software overhaul
AUSTRALIAN bourse operator ASX said on Tuesday (Nov 26) it aimed to implement the second phase of its clearing and settlement software…
Business
Qualcomm’s takeover interest in Intel is said to cool
QUALCOMM’s interest in pursuing an acquisition of Intel has cooled, according to sources familiar with the matter, upending what would…
Business
StanChart is front-runner as dollar settlement bank in India hub
STANDARD Chartered has emerged as the front-runner to become the settlement bank for real-time US dollar-denominated trades in India’s…
Business
Yankees, Dodgers, Red Sox $70 Million Target Reportedly Off Trade Block
Share ✓ Link copied to clipboard! A few weeks ago, rumors emerged the Milwaukee Brewers could be open to dealing away their All-Star…