Fashion
TikTok to invest more than 200 billion reais in Brazil data centre
[NEW YORK] ByteDance’s TikTok will invest more than 200 billion reais (S$49 billion) to build a data centre in Brazil, marking its first project in Latin America.TikTok will partner...
Wall Street opens lower as investors assess data, Microsoft falls
[NEW YORK] Wall Street’s main indexes opened lower on Wednesday (Dec 3), as investors assessed data pointing to a weak jobs market, while Microsoft fell after a report said...
DFI Retail Group hikes dividend payout ratio to 70% in three-year plan
The group is targeting a compound annual growth rate of 11 to 15% for its underlying profit[SINGAPORE] DFI Retail Group has unveiled a three-year strategic roadmap targeting double-digit profit...
Retail investors push e-commerce platform Meesho’s US$604 million India IPO to full subscription
The company has raised about US$270 million from anchors including Government of Singapore ahead of its IPO[MUMBAI] Meesho’s US$604 million initial public offering was fully subscribed the first day...
Global accounting body IASB consults on new model for assessing bank risks
The model will attempt to replace a transaction-driven view of how banks manage interest rate risks[LONDON] Banks could give investors a clearer view on how they manage risks, such...
Airbus cuts 2025 delivery target after issues with top-selling jet
[PARIS] Airbus cut its 2025 delivery target to around 790 commercial aircraft on Wednesday (Dec 3), 30 fewer than previously expected, but maintained financial goals following a quality issue...
China’s LandSpace fails to complete reusable rocket test
The rocket was not able to complete a controlled landing following an initial launch[BEIJING] The maiden test of LandSpace’s next-generation Zhuque-3 rocket ended in failure on Wednesday (Dec 3),...
HSBC names Brendan Nelson chairman in surprise move
The bank says Nelson’s appointment follows a robust process assessing internal and external candidates[LONDON] HSBC Holdings’ interim chairman Brendan Nelson will move into that role on a permanent basis,...
Cordlife faces S$5.45 million civil claim from clients over damaged cord blood units
[SINGAPORE] Cordlife Group is facing claims of at least S$5.45 million in damages from clients who stored 109 cord blood units (CBUs) with the company.In a bourse filing on...
Philippines’ slow growth raises chance of December rate cut, says central bank chief
Data last month showed annual growth slowed to a four-year low of 4.0% in the third quarter[MANILA] A slower growth outlook for the Philippines raises the chances of another...
