Business
Superprod Group and Kids First Merge to Expand Their Children’s Programming Distribution (EXCLUSIVE)
In a significant development for the animation and digital content industry, Superprod Group and Watch Next Media have announced a…
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Business
Business
Fox Corp. Gets Q2 Profit Boost From Political Ads, Sports
Fox Corporation saw profit in its fiscal second quarter surge due to its reliance on news and sports programming, with ads tied to the…
Business
KKR quarterly profit beats expectation on dealmaking revival
ALTERNATIVE asset manager KKR & Co reported a fourth-quarter profit that beat Wall Street expectations on Tuesday (Feb 4), as a rebound in…
Business
Stéphane de La Faverie Unveils New Organizational Structure and Executive Team to Revitalize Estée Lauder
Shortly after the Estée Lauder Cos. announced plans to cut as many as 7,000 jobs as sales fell 6 percent in the second quarter, it is also…
Business
FTI Consulting now in acting management of scandal-hit Indonesian unicorn eFishery
The move ‘aims to facilitate a thorough and objective business review to determine the best path forward for the group’, says eFishery’s…
Business
Scandal-hit unicorn eFishery ropes FTI Consulting into acting management team
The move ‘aims to facilitate a thorough and objective business review to determine the best path forward for the group’, says eFishery’s…
Business
The Estée Lauder Cos. Announces More Job Cuts
The Estée Lauder Cos. is more than doubling the number of employees it plans to lay off as part of its profit recovery plan. As the…
Business
Spotify forecasts profit above estimates on subscriber growth, price increases
In the fourth quarter, premium subscribers rose 11 per cent to 263 million, compared with Visible Alpha estimates of 260 million. SPOTIFY…
Business
Estee Lauder forecasts bleak quarterly profit, to cut up to 7,000 jobs
ESTEE Lauder on Tuesday (Feb 4) forecast third-quarter profit well below estimates, citing persistent weak demand at airports and travel…
Business
Singapore’s Syfe makes A$65 million bid for Australian investing platform SelfWealth
SINGAPORE-BASED digital wealth platform Syfe on Tuesday (Feb 4) said it made a non-binding indicative offer to acquire SelfWealth, an…
Business
Tesla supplier Panasonic to cut costs to support shift into AI
PANASONIC Holdings is considering an overhaul of personnel and trimming underperforming businesses to lower fixed costs, part of a shift…
Business
Convening EGM is 'waste of money': Sabana Reit internalisation committee
THE internalisation committee and incoming directors of Sabana Industrial Real Estate Investment Trust (Sabana Reit) said on Monday (Feb…
Business
Number of compulsory wind-ups rise more than 50% in 2024
AS MANY as 307 companies were forced to wind up last year, based on figures released by the Ministry of Law’s Insolvency Office. This was…
Business
UBS has cut 10,000 jobs since Credit Suisse takeover in 2023
UBS Group has cut more than 10,000 roles since it bought Credit Suisse, marking a milestone in the lender’s efforts to integrate its…
Business
Streamers Set to Outspend Commercial Broadcasters for First Time This Year, Report Claims
For the first time, 2025 will see streamers outpace commercial broadcaster in global content spend, according to a new report. New figures…
Business
HK-listed Chinese stocks hit 3-month high despite China, US tariffs
CHINESE stocks listed in Hong Kong surged on Tuesday (Feb 4) as investors loaded up on artificial intelligence and electric vehicle shares…
Business
Guinness-owner Diageo scraps medium-term goals as tariffs cloud outlook
GUINNESS-owner Diageo withdrew its ambitious sales growth target on Tuesday (Feb 4), in an acknowledgement a prolonged downturn in demand…
Business
Nintendo cuts outlook for final months before Switch 2 debut
Nintendo revised its full-year forecast down after profit and revenue plummeted over the holiday period, with gamers increasingly looking…
Business
Temasek and CenterSquare launch US$100 million commercial real estate debt co-investment vehicle
The portfolio continues a strategy across the global real state investment manager’s debt fund series TEMASEK and CenterSquare Investment…
Business
Infineon more positive on revenue outlook after Q1 stronger than expected
It expects revenue for the fiscal year until end-September 2025 to be flat to slightly up compared with the prior year German chipmaker…
Business
GIC makes senior leadership changes, appoints new group CIO
Bryan Yeo succeeds Jeffrey Jaensubhakij, who is stepping down after almost three decades at the firm GIC’S deputy group chief investment…
Business
Sam Warburton & John Barclay pick Lions XVs after Six Nations week one
Six Nations Rugby Special's Sam Warburton and John Barclay pick their British and Irish Lions XVs based on performances by players in the…
Business
UBS quarterly profit smashes expectations, US$3 billion buyback unveiled
UBS Group, Switzerland’s largest bank, on Tuesday (Feb 4) posted net income of US$770 million for the fourth quarter of 2024, trouncing…
Business
UBS trounces profit forecasts, US$3 billion share buyback conditional on capital rules
UBS Group on Tuesday (Feb 4) posted fourth-quarter profit that beat forecasts by a wide margin and said it would buy back up to US$3…