Fashion
Hapag-Lloyd’s nine-month profit drops 50% as shipping market volatility persists
Security risks and US policy shifts unsettle demand and freight rates, hurting shipping profits[FRANKFURT] German container shipping firm Hapag-Lloyd on Thursday (Nov 13) posted a 50 per cent drop...
DBS, Ant International expand partnership to boost cross-border payments
[SINGAPORE] Singapore’s biggest bank DBS Group and Ant International have signed a memorandum of understanding to expand their partnership and scale up cross-border payments and fintech services.The deal, announced...
Singapore’s bonds set to gain on tighter supply, more liquidity: Barclays
[SINGAPORE] Singapore’s government bonds may see elevated demand through the end of the year, according to Barclays Plc.Yields on the island nation’s 10-year sovereign debt have fallen by around...
Toyota opens US battery plant, confirms US$10 billion investment plan
TOYOTA Motor said on Wednesday it had begun production at its US$13.9 billion North Carolina battery plant as it ramps up hybrid production and confirmed plans to invest US$10 billion...
Asia: Stocks stutter with focus on Fed, tech after US reopen vote
ASIAN markets trod water on Thursday as euphoria over the end of a record US government shutdown petered, with focus back on Federal Reserve interest rates and tech bubble...
Shares of JB Foods, Food Empire soar on positive earnings
[SINGAPORE] Shares of food exporters in Singapore JB Foods and Food Empire on Thursday (Nov 13) jumped significantly in early trade following their positive financial results. JB Foods’ shares...
Boeing ordered to pay more than US$28 million to 737 MAX crash victim’s family
[CHICAGO] A jury in federal court in Chicago ordered Boeing on Wednesday to pay more than US$28 million to the family of a United Nations environmental worker who was...
Ex-Twitter CEO Agrawal’s AI search startup Parallel raises US$100 million
AI STARTUP Parallel Web Systems, founded by former Twitter CEO Parag Agrawal, has raised US$100 million to build web search infrastructure for artificial intelligence agents and fund deals with...
Waymo taxis are coming to Los Angeles and Bay Area freeways
Nearly one year after Waymo launched its autonomous ride-hailing service in Los Angeles, the company is ready to take on freeways. Waymo announced Wednesday that it would begin taking...
Bostic announces retirement amid Trump push for more influence over Federal Reserve
[WASHINGTON] Atlanta Federal Reserve President Raphael Bostic, the first Black and openly gay person to lead one of the US central bank’s 12 regional banks, said on Wednesday he...
