Culture
Sportswear giants Adidas and Puma weighing job cuts - The Business Times
GERMAN sportswear giants Adidas and Puma have both said they are seeking to reduce costs, including through possible job cuts, as they aim…
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Fashion
OUE Reit’s H2 DPU increases 8.7% to S$0.0113 - The Business Times
THE distribution per unit (DPU) for OUE Real Estate Investment Trust (Reit) rose 8.7 per cent to S$0.0113 for the second half of its…
Culture
Vanke in talks to sell logistics firm stake to GIC: source - The Business Times
INDEBTED property developer China Vanke is in advanced talks to sell a controlling stake in VX Logistics to Singaporean sovereign wealth…
Culture
Meta, WhatsApp win relief as India tribunal suspends data sharing ban - The Business Times
AN INDIAN tribunal temporarily suspended a five-year data sharing ban between WhatsApp and owner Meta Platforms, a major relief for the US…
Culture
Databricks caps US$15 billion fundraise with Meta as new investor - The Business Times
DATABRICKS, one of the world’s most valuable privately held tech companies, said on Wednesday (Jan 23) that it has raised more than US$15…
Fashion
MPACT Q3 DPU falls 9.1% to S$0.02 amid global headwinds - The Business Times
MAPLETREE Pan Asia Commercial Trust’s (MPACT) distribution per unit (DPU) fell 9.1 per cent to S$0.02 for its third quarter ended Dec 31,…
Culture
Suntec Reit’s H2 DPU slides 13.9% to S$0.0315 - The Business Times
SUNTEC Real Estate Investment Trust’s (Suntec Reit) distribution per unit (DPU) slid 13.9 per cent to S$0.0315 for the second half of 2024…
Fashion
HSBC’s payments app closure puts around 400 jobs at risk: source - The Business Times
Additional lower-ranking job cuts are also expected in the first quarter, with bank management keen to offset headwinds to earnings from…
Culture
ByteDance plans US$20 billion capex in 2025, mostly on AI: sources - The Business Times
BYTEDANCE, the Chinese owner of TikTok, has earmarked over 150 billion yuan (S$27.9 billion) in capital expenditure for this year, much of…
Culture
AI spending is set to grow in 2025: report - The Business Times
ARTIFICIAL intelligence (AI) adoption is set to rise as most companies expect to ramp up spending on the technology in their next fiscal…
Fashion
Tariffs will leave everyone worse off, Bundesbank chief warns - The Business Times
GERMANY’S top central bank warned against trade levies, a day after US President Donald Trump reiterated a call for the European Union to…
Culture
Japanese investors boost foreign stock purchases on Fed rate-cut hopes - The Business Times
JAPANESE investors raised their holdings in foreign stocks, driven by a benign US core inflation report that fuelled expectations of…
Fashion
Cathay Pacific to cut profit payout to staff by around 50% - The Business Times
CATHAY Pacific Airways is planning to slash its profit-share payout to its workers by almost 50 per cent. The Hong Kong carrier is only…
Culture
Asian oil refiners mull run cuts, closures as crude costs soar - The Business Times
A SURGE in the cost of physical crude cargoes as China and India rush to replace Russian flows is prompting refiners in other parts of…
Fashion
Hyundai Motor nears GM tie-up deal; sees revenue growth slowing in 2025 - The Business Times
SOUTH Korea’s Hyundai Motor said on Thursday (Jan 23) it is in talks with General Motors to supply commercial electric vehicles to its US…
Culture
Cut-off yield on latest Singapore 1-year T-bill inches up to 2.95% - The Business Times
SINGAPORE’S latest one-year tranche of Treasury bills (T-bills) is offering a cut-off yield of 2.95 per cent, auction results released by…
Culture
Taiwan’s HTC to sell part of XR unit to Google for US$250 million - The Business Times
TAIWAN’S HTC said on Thursday (Jan 23) it will sell part of its unit for extended reality (XR) headsets and glasses to Google for US$250…
Fashion
Sembcorp launches short-term mobile solar farm at PSA’s Keppel Terminal - The Business Times
For three years, the renewable energy generated from the farm will be channelled to the national grid A new 18 megawatt-peak ground-mount…
Culture
JPMorgan plans major revamp of Manhattan’s Madison Avenue skyscraper - The Business Times
JPMORGAN Chase is planning a renovation of its old headquarters building at 383 Madison Avenue and will use the space to house…
Fashion
SoftBank, OpenAI plan US$19 billion each for Stargate: report - The Business Times
SOFTBANK Group and OpenAI each plan to commit US$19 billion of capital to Stargate, the US$100 billion US artificial intelligence (AI)…
Fashion
Barclays sees heightened competition in India from Japan banks - The Business Times
A RENEWED push by Japan’s biggest banks and other global lenders in India is driving down loan prices with the new players having more…
Culture
Shareholders of Australian apparel retailers Myer, Premier approve merger - The Business Times
SHAREHOLDERS of Australian apparel retail firms Myer and Premier Investments approved on Thursday the merger of the latter’s apparel…
Fashion
JPMorgan, Goldman CEOs resist calls to roll back DEI programmes - The Business Times
JPMORGAN Chase and Goldman Sachs are pushing back on demands to roll back their diversity initiatives. In television appearances on…
Culture
Ley Choon surges 15% as investors positive on construction upturn - The Business Times
SHARES of construction and engineering company Ley Choon jumped on Thursday (Jan 23) morning, after The Business Times reported that the…