Business
What is Macrovalue – set to purchase Cold Storage and Giant – and who are its owners?
Supermarket and retail operator DFI Retail, which owns Cold Storage and Giant in Singapore, said on Mar 24 that it will sell its food…
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Business
Business
Cold Storage, Giant customers can expect cheaper products, more variety after takeover, buyer says
Customers of Cold Storage and Giant can expect more value for money, a greater variety of merchandise and new outlets following the sale…
Business
Samsung Electronics Executive Han Jong-Hee Dies at 63
Han Jong-Hee, the co-chief executive of Samsung Electronics and a nearly four-decade veteran of the South Korean consumer technology…
Business
Alibaba’s chairman warns of a ‘bubble’ in AI data centre buildout
Alibaba Group Holding chairman Joe Tsai warned of a potential bubble forming in datacenter construction, arguing that the pace of that…
Business
Ex-Goldman analyst’s hedge fund reaps 300% on small Japan banks
Katsunori Tanaka spent most of his 19 years at Goldman Sachs scrutinising Japan’s biggest banks as an equity analyst. Now he’s making…
Business
Old video from India falsely shared as 'locals fighting robbers in Bangladesh'
As concerns grew at the rising crime levels in Dhaka, an old clip was mispresented as locals battling criminals in the Bangladeshi…
Business
China’s steel market is still in thrall to bleak property data
Chinese steel prices are languishing, despite signs of resilience in the wider economy and the approach of peak demand season in the…
Business
Yeo’s chairman Daryl Ng to step down, veteran banker Na Wu Beng to succeed him
Yeo Hiap Seng announced on Tuesday (Mar 25) that its board chairman Daryl Ng will step down from his role after its upcoming annual…
Business
Stocks to watch: DFI Retail Group, Frasers Centrepoint Trust, ESR Reit, GuocoLand, Yeo Hiap Seng
The following companies saw new developments that may affect trading of its securities on Tuesday (Mar 25). DFI Retail Group: The…
Business
Xiaomi raises US$5.5 billion in share sale for business expansion
China’s Xiaomi Corp said on Tuesday it had raised US$5.5 billion in an upsized share sale that will help fund the acceleration of its…
Business
HSBC weighs outsourcing some trading operations to lift returns
HSBC Holdings is considering outsourcing part of its sprawling trading business as executives struggle to justify making technology…
Business
FCC's new national security unit investigating Chinese tech companies
The Federal Communications Commission's new national security team is investigating Chinese tech companies suspected of skirting U.S.…
Business
23andMe shares tumble after bankruptcy filing and California attorney general's privacy warning
South San Francisco-based genetic testing venture 23andMe saw its shares plunge more than 50% Monday after the company announced it had…
Business
South Korea’s Hyundai to announce US$20 billion US investment, new steel plant
[WASHINGTON/SEOUL] South Korea’s Hyundai Motor Group is set to announce a US$20 billion investment in the US at the White House on Monday…
Business
A Car Reporter on Elon Musk and Tesla
Surprisingly, Mr. Ewing, who joined The Times in 2010 as a European economics reporter based in Frankfurt, doesn’t consider himself much…
Business
US: Wall St opens higher on Trump's softened tariff stance
US stock indexes opened higher on Monday (Mar 24), helped by signs the Trump administration is taking a measured approach on tariffs…
Business
Prudential launches dedicated space for high-net-worth customers to capture wealth management demand
As life insurers increasingly focus on high-net-worth (HNW) clients and expand their wealth management services, Prudential has introduced…
Business
BYD surpasses US$100 billion in annual sales, beating estimates
BYD’s sales last year surpassed the US$100 billion mark, leapfrogging Elon Musk’s Tesla on revenue, as the Chinese auto giant wows…
Business
ESR Reit completes sale of two logistic warehouses for S$6.8 million
THE manager of ESR Real Estate Investment Trust (ESR Reit) has completed the divestment of two logistics properties in Singapore for S$6.8…
Business
ESR Reit completes sale of logistic warehouse for S$6.8 million
THE manager of ESR Real Estate Investment Trust (ESR Reit) has completed the divestment of a logistics property in Singapore for S$6.8…
Business
Anti-Tesla Terrorism
There is no excuse for the violence, but it is revealing about the Left. Source link
Business
DBS' new CEO eyes 'bolt-on' acquisitions to bolster tech capabilities
DBS Group’s incoming CEO Tan Su Shan is eyeing “bolt-on” acquisitions that align with the Singaporean lender’s digital and AI-driven…
Business
DBS’ new CEO Tan open to ‘bolt-on’ acquisitions
DBS Group’s incoming CEO Tan Su Shan is open to “bolt-on” acquisitions, and will focus on boosting the Singaporean lender’s high-return…
Business
GuocoLand names new managing director for China business
Kevin Zhou will oversee the group’s operations there, including its portfolio of developments and investment assets Property developer…