Business
British Steel closure threat puts up to 2,700 jobs at risk
British Steel is launching a consultation that could see the closure of its two blast furnaces at Scunthorpe, putting up to 2,700 jobs at…
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Business
Business
Meta’s Asia-Pacific chief quits after a decade-long growth spurt
Meta Platforms is losing its senior-most business executive for the Asia-Pacific, an industry veteran who shepherded some of the social…
Business
SingPost completes A$1 billion sale of Australian logistics business
The divestment generated A$781.5 million in gross proceeds and an estimated gain of S$289.5 million Singapore Post (SingPost) said on…
Business
Sutton Hoo helmet may not be from Sweden after all, new discovery suggests
Adrienne Murray and James Brooks BBC News A discovery by a metal detectorist in Denmark has raised questions about the origins of the…
Business
Indonesia’s Widjaja family moves to delist Sinarmas Land from SGX; more large-cap exits on the horizon
An entity controlled by Indonesia’s billionaire Widjaja family has made a voluntary unconditional cash offer for all the shares in…
Business
STI hits new high on Thursday; closes up 0.5% amid mixed regional trading
Singapore stocks extended the week’s gains to end higher on Thursday (Mar 27), with the Straits Times Index (STI) hitting a new high…
Business
Sewage spilled into England's rivers and seas for record 3.6m hours last year
Esme Stallard Climate and science reporter Jonah Fisher Environment correspondent Becky Dale & Rob England BBC Verify Water companies…
Business
MAS seeks feedback on allowing retail investors access to private market assets
The move signals a broadening of access to such illiquid investments beyond wealthy individuals Retail investors in Singapore may soon be…
Business
MAS seeks feedback on proposals giving retail investors access to private market assets
The move signals a broadening of access to such illiquid investments beyond wealthy individuals Retail investors in Singapore may soon be…
Business
Saudi Aramco looks to invest in Indian refineries
Saudi Aramco is in talks to invest in two planned refineries in India as the world’s top oil exporter looks for a stable outlet for its…
Business
China, Hong Kong stocks shrug off new US tariff threat; tech, auto lead gains
The chip sector rallies 1.3%, while automobiles sub-index also reverses losses to climb up 0.9%, leading onshore markets higher China and…
Business
Digital Surges Ahead as India’s Media and Entertainment Sector Hits $29 Billion, Annual FICCI-EY Report Reveals
India’s media and entertainment sector hit INR2.5 trillion ($29.4 billion) in 2024, according to the annual Federation of Indian Chambers…
Business
Charlie Dean: England captaincy link is 'one of the biggest compliments'
Dean, who made her England debut in 2021, said she is trying to avoid "outside noise" regarding the captaincy as she prepares for her…
Business
Singapore fund inflows surge 167% to S$7.6 billion for 2024: Morningstar
Total net inflows into Singapore-registered funds hit S$7.6 billion for 2024, a surge of 167 per cent from S$2.85 billion in 2023,…
Business
H&M Net Profit Down 53% in Fiscal Q1 As Gross Margin Contracts
PARIS – Hennes & Mauritz AB said net profit halved in the first quarter as its gross margin came under pressure from markdowns, ongoing…
Business
SK Hynix says some customers brought forward orders ahead of US tariffs
South Korea’s SK Hynix, the world’s second-largest memory chipmaker, said on Thursday (Mar 27) that some customers have brought forward…
Business
BlackRock’s head of Asia-Pacific private credit Celia Yan to leave firm
Her team has deployed over US$200 million in 2024, over US$1.8 billion historically and been able to generate a 16 per cent gross internal…
Business
Foxconn plans EV event in Japan to woo manufacturers: sources
Foxconn is set to hold a seminar in Japan on April 9 to lay out its strategy on electric vehicles, two sources with direct knowledge of…
Business
Singtel’s NCS expands in the Philippines through a joint venture for clients to better access services
Move marks a significant point in company’s Apac growth journey, says CEO Ng Kuo Pin NCS, Singtel’s technology services arm, announced on…
Business
Hong Kong lures investment firms Ardian, Arga seeking expansion
Two investment firms are setting up offices in Hong Kong to attract money from the region, the latest sign of renewed financial activity…
Business
Marcolin Sees Profitability Growth in 2024 Amid Stable Sales and Strategic Brand Expansion
MILAN — Eyewear firm Marcolin closed 2024 on solid ground, with improved profitability and growth in the key Europe, Middle East and…
Business
Turkey says Chery Auto’s partners to invest US$1 billion in plant to make 200,000 cars a year
[ANKARA/BEIJING] Turkey said on Wednesday (Mar 26) that Chery Automobile’s partners will invest US$1 billion in a manufacturing facility…
Business
Microsoft pulls back from more data centre leases in US and Europe: analysts
Alphabet has said it will spend US$75 billion on its AI buildout this year, 29 per cent more than Wall Street expected, while Meta has…
Business
UOB set to issue US$2 billion in dollar-denominated notes across 3 tranches
UOB is set to issue US$2 billion in a three-tranche US dollar-denominated senior bond offering, it said on Thursday (Mar 27). The notes…