Business
CDL Kiwi unit’s NZ$2.25-per-share offer ‘too low and inadequate’: M&C New Zealand
THE offer by City Development Limited’s (CDL) wholly owned subsidiary to take Millennium & Copthorne Hotels New Zealand (MCK) private at…
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Business
Business
Salesforce plans US$500 million in AI-related investments in Saudi Arabia
CLOUD software seller Salesforce said on Monday (Feb 10) that it plans to invest US$500 million in Saudi Arabia related to artificial…
Business
Macquarie, HSBC to start talks to join Australia Post pact
Australia Post has one of the largest retail networks nationally and runs more than 4,000 post offices A TRIO of major lenders may join a…
Business
Assisted dying bill: Plan to scrap need for High Court approval
Assisted dying cases would no longer have to be signed off by the High Court under changes suggested by the bill's supporters. The…
Business
Church risks further crisis if it doesn't act, says child abuse inquiry chair Alexis Jay
The Church of England risks further crisis if it fails to adopt a sweeping new independent system to keep people safe, the former head of…
Business
Australia’s Macquarie profit flattens as commodity trading drops
Macquarie Group’s profit was flat for the first three quarters of the fiscal year as business in its commodities trading arm continued to…
Business
Lendlease Global Commercial Reit appoints Guy Alexander Cawthra as CEO
LENDLEASE Global Commercial Real Estate Investment Trust (LReit) has appointed Guy Alexander Cawthra as its new chief executive, effective…
Business
MTV’s Johnny Bananas Denies Sending Gorilla Emoji to ‘Big Brother’ Winner Taylor Hale, Considering Legal Action Against Marketing Team: ‘I Do Not Take This Situation Lightly’
Johnny “Bananas” Devenanzio, best known for competing on two dozen seasons of MTV’s “The Challenge,” is under fire for a message posted on…
Business
SoftBank explores debt-heavy financing for US$500 billion AI push
A FEW weeks ago, SoftBank Group founder Masayoshi Son stood alongside US President Donald Trump to unveil the Stargate Project, an…
Business
Singapore shares rise on Tuesday; STI up 0.3%
SINGAPORE shares began Tuesday (Feb 11) trading in positive territory as investors digested US President Donald Trump’s announcement that…
Business
NetLink NBN Trust’s 9-month profit down 12.9% at S$74.1 million
FIBRE network provider NetLink NBN Trust posted S$74.1 million profit after tax for the nine months ended December, down 12.9 per cent…
Business
Temasek-backed Cuscaden moves to privatise Paragon Reit at S$0.98 per unit
TIMES Properties, a wholly owned subsidiary of Cuscaden Peak Investments, is looking to take Paragon Real Estate Investment Trust (Reit)…
Business
Chinese investors drive Hong Kong rally with HK$150 billion inflow
CHINESE investors are helping to drive a bull run in Hong Kong shares, ploughing almost HK$150 billion (S$26 billion) into the financial…
Business
Paragon Reit posts 10.4% lower H2 DPU of S$0.0233
THE manager of Paragon Real Estate Investment Trust (Paragon Reit) on Tuesday (Feb 11) posted a distribution per unit (DPU) of S$0.0233…
Business
Stocks to watch: Paragon Reit, GuocoLand, Keppel
THE following companies saw new developments that may affect trading of their securities on Tuesday (Feb 11): Paragon Real Estate…
Business
Huawei boosts smartwatch sales by registering them as medical devices
HUAWEI Technologies has found an unlikely way to boost sales of its latest smartwatches in the face of sluggish consumer spending in…
Business
McDonald’s profits dented by food poisoning outbreak
MCDONALD’S reported a dip in profits on Monday as it contended with lingering effects from a US food poisoning outbreak that depressed…
Business
Morgan Stanley sets US$3 billion X loan to tap into Musk mania
MORGAN Stanley kicked off another large sale of X debt on Monday (Feb 10), seizing on investors’ sudden embrace of the social media…
Business
Simon Property Plots Major Upgrade for Smith Haven Mall, Burnishing a ‘B’ Mall on Long Island
Zara, Sur la Table, Ford’s Garage burger and brewhouse and an updated food court are among the new retailers and features coming to the…
Business
DBG Group Acquires Full Ownership of MCoBeauty
Australian beauty brand MCoBeauty, best known for its affordable dupes, is now fully owned by billionaire Dennis Bastas’ DBG Group,…
Business
Elon Musk-led group makes $97.4bn bid for ChatGPT maker OpenAI
A consortium of investors led by Elon Musk offered $97.4bn to take over OpenAI, the maker of ChatGPT. The billionaire's attorney, Marc…
Business
Meta starts eliminating jobs in shift to find AI talent
The latest wave of firings are expected to be completed by the end of the performance cycle that goes to February META Platforms began…
Business
Coty’s Sales Decline in Q2 Amid Weak Demand in Asia and Tight Inventory Management Despite Strong Fragrance Performance
The fragrance effect that has boosted Coty for the past year was not enough to offset a trio of weak demand in Asia, FX headwinds and a…