Business
HSBC launches UAE asset management business to tap into wealth influx
The bank has focused its growth efforts on regions such as Asia and the Middle East HSBC is opening an asset management business in the…
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Business
Business
Europe and China’s feud over chips is reaching a breaking point
Since a Dutch court intervened in Nijmegen-based Nexperia’s ownership in October, the stand-off has threatened to disrupt car production…
Business
Returns generated by GIC, Temasek ‘reasonable and within expectations’: Jeffrey Siow
He says Temasek operates mainly as a ‘bottom-up investor’, while GIC’s mandate is to preserve the international purchasing power of the…
Business
US to host meeting on rare earths as China-Japan spat simmers
The discussions are expected to also include officials from Australia, South Korea, India, Mexico and the European Union THE US will host…
Business
Australia to prioritise antimony, gallium, rare earths in A$1.2 billion reserve
Australia will prioritise antimony, gallium and rare earth elements as part of its A$1.2 billion (S$1 billion) strategic reserve, it said…
Business
Rio-Glencore deal closer than ever with premium and CEO in focus
The idea of a combination of the two companies has been discussed several times over more than a decade Glencore boss Gary Nagle has…
Business
OpenAI, SoftBank invest US$1 billion in SB Energy as Stargate buildout expands
The data centre construction boom has also prompted major players, including Meta Platforms OpenAI and SoftBank Group will invest US$500…
Business
Apple shares on pace to match longest losing streak since 1991
The company and other computer and device makers have been under pressure from rising prices for components such as memory chips Apple…
Business
'Out of stock': What went wrong at luxury retailer Saks?
Danielle KayeBusiness reporter On a recent January morning, tourists admired the rows of Balenciaga and Burberry handbags on display at…
Business
China buys at least 10 cargoes of US soybeans for April-May shipment, traders say
China’s state stockpiler Sinograin purchased at least 10 cargoes of US soybeans on Friday (Jan 9), or at least 600,000 tonnes, for…
Business
Why 2016 nostalgia is taking over social media in 2026
Naomi de SouzaBBC Newsbeat Wake up – it's 2016. The Chainsmokers are playing wall to wall, you've perfected your Snapchat dog filter pose…
Business
Debt charities report January spike in calls as worries mount
Kevin PeacheyCost of living correspondent Debt charities say they are receiving an influx of calls as people worry their financial…
Business
Europe stocks close at record as Glencore jumps on Rio Tinto interest
Technology stocks led the advance in the Stoxx 600 on the day and logged their best week in nearly two years European shares ended on…
Business
S&P 500 notches record high close driven by Broadcom, other chipmakers
The S&P 500 is trading at about 22 times expected earnings, down from 23 in November The S&P 500 rallied to a record high close on Friday…
Business
Bay Area semiconductor testing company to lay off more than 200 workers
Semiconductor testing equipment company FormFactor is laying off more than 200 workers and closing manufacturing facilities as it seeks to…
Business
Western Demand Continues to Boost Boot Barn Sales as Preliminary Q3 Results Exceed Expectations
Boot Barn disclosed late on Friday that its preliminary third quarter results exceeded expectations. Released ahead of its appearance at…
Business
A Challenged Luxury Shoe Business Is Bracing for Major Impact Ahead of Probable Saks Global Bankruptcy
A Saks Global bankruptcy would have a significant impact on independent luxury shoe designers and fashion houses that derive a large…
Business
Dramatic Downsizing of the Saks Global Store Fleet Seen in a Bankruptcy
A Saks Global bankruptcy filing is expected by early-to-mid next week, with the struggling luxury retailer submitting a reorganization…
Business
Wegovy just became available in an unexpected place
Days after hitting the market, the new pill version of Novo Nordisk’s wildly popular weight-loss drug will be available through Amazon’s…
Business
Nobis Celebrating 20th Anniversary With Expanded Offering
This is shaping up to be a big year for Nobis. The Toronto-based outerwear brand is celebrating its 20th anniversary and will be expanding…
Business
U.S. companies are ready to pony up $100 billion to build up Venezuela's oil infrastructure
U.S. oil companies are prepared to invest $100 billion to rebuild the oil infrastructure in Venezuela, President Trump announced Friday…
Business
GM to take $6 billion charge after EV pullback
General Motors will be hit with charges of about $6 billion as sales of electric vehicles sputter after the U.S. cut tax incentives to buy…
Business
Unemployment falls to 4.4% in December, closing out a frustrating year for job seekers
Sluggish December hiring concluded a year of weak employment gains that have frustrated job seekers even though layoffs and unemployment…
Business
Stock market ticks up toward records after mixed job market data
U.S. stocks are rising toward records Friday following a mixed report on the U.S. job market, one that may delay another cut to interest…