Fashion
CLI fund buys 5-hectare Jurong site to build S$260 million automated logistics facility
71,000 sq m facility set for completion in 2028; CLI also takes minority stake in smart logistics firm Ally Logistic Property[SINGAPORE] CapitaLand Investment Limited (CLI) on Thursday (Jan 8)...
Former mm2 Asia subsidiary Vividthree receives letter of demand for S$1.2 million
[SINGAPORE] Former mm2 Asia subsidiary Vividthree on Wednesday (Jan 7) announced that it received a letter of demand from UOB for nearly S$1.2 million. This comes after the group...
Former mm2 Asia subsidiary Vividthree dives 17% on news of payment demand from UOB
[SINGAPORE] Former mm2 Asia subsidiary Vividthree on Wednesday (Jan 7) announced that it received a letter of demand from UOB for nearly S$1.2 million. Minutes into the opening bell,...
Samsung expects record Q4 operating profit, beating expectations
[SEOUL] Samsung Electronics on Thursday projected a 208 per cent jump in fourth-quarter operating profit from a year earlier, beating analysts’ estimates as tight supply and a surge in...
Jefferies takes US$30 million hit on First Brands as profit drops
[NEW YORK] Jefferies Financial Group posted a drop in quarterly profit as the bank took a US$30 million pre-tax loss tied to the collapse of auto-parts supplier First Brands...
Oil falls after Trump reveals plan for Venezuelan oil
[NEW YORK] Oil prices fell on Wednesday as US President Donald Trump’s plan to refine and sell Venezuelan crude oil raised concerns about the long-term impact of US actions.US data on Wednesday showed...
Chinese AI server leader xFusion hires investment bank in first step towards listing
The Chinese authorities have fast-tracked IPOs in the AI and chipmaking sectors due to US’ curbs on high-tech exports[SHANGHAI] China’s leading artificial intelligence (AI) server provider xFusion has hired...
Chinese refiners expected to replace Venezuelan oil with Iranian crude
Analysts say the Venezuela drama hits ‘teapots’ the hardest, and do not foresee them bidding up for unsanctioned barrels[SINGAPORE] Chinese independent refiners are expected to switch to heavy crude...
US seizing Venezuela-linked, Russian-flagged oil tanker after weeks-long pursuit
[WASHINGTON] The United States is attempting to seize a Russian-flagged oil tanker with links to Venezuela after a more than two-week-long pursuit across the Atlantic and as a Russian...
US seizes Venezuela-linked, Russian-flagged oil tanker after weeks-long pursuit
It appears to be the first time in recent memory that the US military seizes a Russian-flagged vessel[WASHINGTON] The US seized a Russian-flagged oil tanker that was being shadowed...
