Business
L’Oreal sales miss estimates as China demand remains weak
L’OREAL’s fourth-quarter sales fell short of analysts’ estimates after demand in the US failed to make up for a continued downturn in…
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Business
Business
Amazon offers weak outlook on rising spending for AI
AMAZON.COM projected profit in the current quarter that fell short of analysts’ estimates, suggesting the company continues to ramp up…
Business
C. Richard Kramlich, Early Investor in Silicon Valley, Dies at 89
C. Richard Kramlich, an early investor in Silicon Valley who co-founded the investment giant New Enterprise Associates, helping to fuel…
Business
Can you get bird flu from drinking milk? What to know as cows are infected
As a second strain of bird flu has spread to dairy cows, influenza experts tell Newsweek that consumers should not be concerned about…
Business
Trump Media Is Moving Into the Financial Services Industry
President Trump’s social media company is moving to position itself as a financial services firm that will allow his supporters to put…
Business
As Elon Musk Attacks DEI, Tesla Quietly Addresses Racism Complaints
In Washington, Elon Musk has been at the forefront of Trump administration efforts to gut programs designed to promote diversity. At the…
Business
Gen Z is giving more expensive Valentine's Day gifts than millennials
As Valentine's Day approaches, new data suggests that Generation Z consumers are poised to spend more on gifts and experiences than…
Business
Trump, the Panama Canal and China’s Role: What We Know
President Trump’s claim that China controls the Panama Canal has placed a Hong Kong tycoon and his conglomerate at the heart of a showdown…
Business
Cathay Cineplex has paid back S$12 million owed to landlords; remaining S$2.7 million is a quarter of total sum
mm2 Asia says slower-than-expected recovery of the cinema industry hit the cinema chain’s ability to pay its arrears on a timely basis THE…
Business
US: Wall St opens higher after big corporate results
Wall Street’s main indexes opened slightly higher on Thursday (Feb 6), as investors evaluated earnings from companies including Honeywell…
Business
Green Energy Ambitions of European Companies Take a Beating
Rasmus Errboe, the new chief executive of the Danish offshore wind developer Orsted, sounded as if he had inherited a mess as he explained…
Business
BRC Asia Q1 profit after tax rises 13.9% to S$19.5 million
This is despite revenue falling 12.4% year on year to S$349.8 million, from S$399.2 million STEEL fabricator BRC Asia on Thursday (Feb 6)…
Business
Japan Foods sinks into the red with S$2.9 million loss in Q3
JAPAN Foods sank into the red with a net loss of S$2.9 million for its third quarter ended Dec 31, 2024, compared with a net profit of…
Business
Japan Foods sinks into the red with 9M loss of S$2.9 million
JAPAN Foods sank into the red with a net loss of S$2.9 million for the nine months ended Dec 31, 2024, compared with a net profit of…
Business
Bank of England Cuts Interest Rates as British Economy Weakens
The Bank of England cut interest rates on Thursday for the third time in about six months, amid signs of weak economic growth in Britain…
Business
HSBC’s head of global banking for Asia-Pacific is exiting lender
HSBC Holdings’s head of global banking for Asia-Pacific, Christina Ma, is leaving the bank, according to people familiar with matter, as…
Business
China’s control over 75% of Indonesia’s nickel capacity raises concerns
Chinese companies currently control 75% of Indonesia's nickel refining capacity, raising concerns about supply chain resilience, according…
Business
Unstoppable retail crowd breaks US stock buying record despite rout
THE volatile start to the year has spooked some professional investors but has done little to dowse retail traders’ enthusiasm for the US…
Business
IHH unit may seek higher compensation in lawsuit against Japan’s Daiichi Sankyo over Fortis deal
AN INDIRECT, wholly owned subsidiary of integrated healthcare player IHH Healthcare, Northern TK Venture (NTK), on Thursday (Feb 6)…
Business
ST Engineering bags new contracts worth S$4.3 billion in Q4 2024
ST ENGINEERING on Thursday (Feb 6) announced that it secured S$4.3 billion in new contracts in the fourth quarter of 2024. These comprise…
Business
Despite housing crunch, German construction sector stuck in doldrums
Germany's residential construction industry continues to face a lack of work and difficult conditions as a crisis in the sector stretches…
Business
CapitaLand Ascendas Reit H2 DPU rises 3.2% to S$0.07681
THE distribution per unit (DPU) of CapitaLand Ascendas Real Estate Investment Trust (Clar) for the second half ended Dec 31, 2024, was…
Business
Friday’s Jobs Report Will Be Confusing. Here’s How to Make Sense of It.
The Labor Department’s latest monthly report on hiring and unemployment will include revisions for previous months that should give a more…
Business
DeepSeek fever fuels patriotic bets on Chinese AI stocks
CHINESE investors are rushing into AI-related stocks, betting the artificial intelligence advance of home-grown startup DeepSeek will lead…