Fashion
Singapore’s DBS eyes Malaysian bank stakes in expansion push, sources say
SINGAPORE’S biggest lender DBS is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian neighbour, including in one of Malaysia’s smallest banks by...
OpenAI’s ChatGPT faces massive outage with thousands of users impacted
MICROSOFT-backed OpenAI said on Friday (Nov 8) night it is facing an issue that has resulted in its popular chatbot ChatGPT being unavailable.The company said in a statement on...
Gold logs biggest weekly fall in over five months on dollar strength
GOLD prices dropped on Friday (Nov 9), logging their steepest weekly decline in over five months, pressured by a stronger dollar and as markets absorbed the implications of Donald...
Europe: Shares log third week of declines on China, tariff jitters
EUROPE’S benchmark Stoxx 600 logged its third consecutive week of declines on Friday (Nov 8), hurt by underwhelming stimulus measures from China as well as concerns about tariffs under...
Tesla hits US$1 trillion market value as Musk-backed Trump win fans optimism
TESLA’S market value breached the US$1 trillion-mark in a sharp rally on Friday (Nov 8), on growing bets of a favourable treatment for CEO Elon Musk’s companies in return...
Delivery Hero’s Talabat to launch over US$1 billion Dubai IPO next week: sources
TALABAT, the Middle East business of Delivery Hero, plans to launch its Dubai initial public offering next week, three people familiar with the plans told Reuters, in one of...
Old Chang Kee H1 profit rises 42% to S$6.2 million
CURRY puff maker Old Chang Kee on Friday (Nov 8) posted a net profit of S$6.2 million for the six months ended Sep 30, climbing 42 per cent from...
Pierre Cardin to be hit with EU antitrust fine for cross-border sales curbs: sources
FRENCH fashion house Pierre Cardin is set to be fined in the coming weeks for licensing and distribution deals with German clothing maker Ahlers in breach of European Union...
Sembcorp Industries to sell waste management unit to Indonesian energy company for S$405 million
ENERGY and urban development company Sembcorp Industries on Friday (Nov 8) announced that it intends to sell its wholly owned unit Sembcorp Environment to SBT Investment 2 for S$405...
Ikea reports higher profit despite revenue hit from price cuts
INTER Ikea, the owner of the world’s biggest furniture brand, reported higher profits for 2024 thanks to lower interest payments, despite a sharp decline in revenues after it cut...