Fashion
Apple contests India’s antitrust penalty law with risk of US$38 billion fine, filing shows
[NEW DELHI] Apple is challenging India’s new antitrust penalty law under which the US company could potentially face a fine of up to US$38 billion, a court filing at...
JPMorgan flips forecast, sees Fed cutting rates in December
The Federal Open Market Committee, led by Chair Jerome Powell, meets in Washington on Dec 9 and Dec 10[NEW YORK] Economists at JPMorgan Chase see the US Federal Reserve...
New Zealand central bank says economic recovery picking up
[AUCKLAND] Early indicators suggest the economy had been expanding during the second half of this year and demand had stabilised, Reserve Bank of New Zealand Governor Christian Hawkesby told...
Shein faces EU pressure to curb sales of sex dolls and weapons
[PARIS] Shein is under pressure from the European Union to curb sales of childlike sex dolls and weapons on its third-party marketplace after French authorities reported the products earlier...
US: Wall Street extends rally on growing bets for December Fed rate cut
[NEW YORK] Wall Street gained ground on Wednesday as revived tech strength and the growing probability of a December interest rate cut from the US Federal Reserve put investors...
Wall Street opens higher as December Fed rate-cut bets grow
[NEW YORK] Wall Street’s main stock indexes opened higher on Wednesday (Nov 26), as investors parsed through a fresh batch of economic data and cemented expectations the Federal Reserve...
mm2 Asia gets 90-day extension to hold AGM; deadline is Jan 27
[SINGAPORE] Entertainment company mm2 Asia has obtained approval from the Accounting and Corporate Regulatory Authority (Acra) for an extension of time to hold its annual general meeting by Jan...
Li Auto adds to gloomy China EV outlook with revenue miss
In Q3, the company’s revenue fell 36%, the worst drop since its US listing in 2020[HONG KONG] Li Auto’s fourth quarter forecasts fell short of expectations, adding to investor...
Snapchat is nearing 1 billion monthly users. Why can’t it turn a profit?
Snapchat, an app whose disappearing messages and silly face filters made chatting with loved ones more casual, is close to a milestone that few social media platforms achieve: reaching...
Singapore stocks track Wall Street gains; STI up 0.4%
Across the broader market, gainers outnumber losers 280 to 258, after 1.3 billion securities worth S$1.3 billion change hands[SINGAPORE] Singapore stocks ended higher on Wednesday (Nov 26), tracking overnight...
Citigroup hires Nomura, Wells Fargo traders in foreign-exchange business push across Asia
[SINGAPORE] Citigroup has hired seven personnel, including former traders from Nomura International and Wells Fargo, to boost its foreign-exchange business in Asia. Nicky Lam, formerly of Nomura in Singapore,...
Commentary: California’s first partner pushes to regulate AI while Trump and tech bros thunder forward