Culture
Orsted axes quarter of jobs, pivots to Europe after US setbacks under Trump
[COPENHAGEN] Orsted, the world’s biggest offshore wind farm developer, will cut about 2,000 jobs by the end of 2027, a quarter of its workforce, and will focus more on...
Gold poised for eighth weekly rise on firm safe-haven demand
The non-yielding asset, traditionally considered a hedge during geopolitical and economic uncertainty, has gained about 52% this year[BENGALURU] Gold edged higher on Friday (Oct 10) and headed for its...
Shein, hit with big fines, boosts internal controls
The online fast-fashion retailer has grown to become the world’s biggest fast fashion retailer by sales [LONDON] Online fast-fashion retailer Shein is strengthening its controls after a string of...
Levi Strauss forecasts annual profit below estimates as tariffs bite
The retailer has leaned into full-price sales through its direct-to-consumer channel, broadened its product offerings and kept a tight leash on SKUs, an industry term for inventory[BENGALURU] Levi Strauss...
Europe: Ferrari’s steepest fall drags Europe’s stocks, HSBC pulls parking brake
The central bank kept rates unchanged and struck a cautiously optimistic tone on the economy[BENGALURU] European stocks fell on Thursday (Oct 9), dragged lower by steep losses in HSBC...
Serving with purpose: Expectations of non-profit board directors
Unlike directors of listed companies, NPO directors operate in an environment where the Code of Corporate Governance, Companies Act and SGX Listing Rules do not applyIN RECENT years, Singapore...
US dollar mixed as yen sell-off wanes, euro hit by French politics
[NEW YORK] THE US dollar was mixed on Thursday (Oct 9) as a sell-off in the Japanese yen appeared exhausted for now, while the euro was dented by political...
Ex-CIMB Singapore chief Victor Lee to join Security Bank in the Philippines as CEO
[SINGAPORE] Victor Lee, the former chief executive officer of CIMB Singapore, has been appointed president and CEO of the Philippine-listed Security Bank Corp, reported the Philippine Daily Inquirer on...
US: Wall Street subdued at open after Powell offers no rate clues
[NEW YORK] Wall Street’s main indices posted subdued gains at Thursday’s (Oct 9) open, after Federal Reserve chair Jerome Powell offered no fresh policy signals, leaving investors to rely...
Launch of knowledge hub aims to beef up AI use among financial institutions: Chee Hong Tat
[SINGAPORE] The Monetary Authority of Singapore (MAS) has launched an artificial intelligence (AI) knowledge hub to help the city-state’s financial institutions strengthen their capabilities in the implementation of AI....
