Fashion

Kraft Heinz explores grocery business spinoff worth up to US$20 billion: source
[Bengaluru] Kraft Heinz is studying a potential spinoff of a large chunk of its grocery business, including many Kraft products, into a new entity that could be valued at...

Europe: Stocks down with bank and healthcare drag, US-EU tariffs in focus
[BENGALURU] European shares closed lower on Friday (Jul 11), as losses in banks and healthcare stocks weighed at the end of a week marred by US President Donald Trump’s...

NTT DC Reit’s Singapore public offer 9.8 times oversubscribed
It has received applications for 294.8 million units compared to the 30 million available in public tranche of IPO[SINGAPORE] The manager of NTT DC Reit (real estate investment trust)...

Misinformation is already a problem during natural disasters. AI chatbots aren’t helping
When deadly flash floods hit central Texas last week, people on social media site X turned to artificial intelligence chatbot Grok for answers about whom to blame.Grok confidently pointed...

Japan’s MUFG targets US for securitisation business, plans to boost headcount
[TOKYO] Mitsubishi UFJ Financial Group (MUFG) plans to expand its securitisation business globally, with a focus on North America, and will increase headcount in this area by around 25...

Pimco sees Japan wooing capital as tariffs spur diversification
[SINGAPORE] Japan has emerged as a prime destination for global investors as the trade war triggers a reassessment of capital flows into the US, according to Pacific Investment Management...

Temasek sees more opportunities in Europe after investing S$10b in the region last year
[SINGAPORE] Singapore’s state investor Temasek sees growing investment opportunities in Europe as the impact of trade tensions on the economic climate makes some companies more attractive in terms of...

Temasek sees more opportunities in Europe after investing S$10 billion in the region last year
[SINGAPORE] Singapore’s state investor Temasek sees growing investment opportunities in Europe as the impact of trade tensions on the economic climate makes some companies more attractive in terms of...

Jack Ma-backed Ant to add Circle’s stablecoin to global net: sources
[HONG KONG] Jack Ma-backed Ant Group is working with Circle Internet Group to adopt its stablecoin on the Chinese fintech company’s blockchain platform, according to people familiar with the...