Culture
Guess to go private in US$1.4 billion deal with Authentic Brands, co-founders and CEO
Guess said on Wednesday (Aug 20) it has agreed to be taken private by a group, including its co-founders, CEO and Reebok-owner Authentic…
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Culture
Culture
Beng Kuang expands into chemical cleaning in oil and gas industry
Beng Kuang Marine has formed a new business for specialised industrial chemical cleaning, the company said in a bourse filing on Wednesday…
Culture
US: Wall St subdued at open on mixed retail earnings ahead of Fed meet
Wall Street’s main indexes were subdued at the open on Wednesday (Aug 20) as investors assessed uneven earnings from retailers such as…
Culture
Children of Wing Tai chairman granted options to buy four River Green units for S$7.9 million
Neither of the two children were given discounts; sale reviewed by the board and audit and risk committee Wing Tai Holdings has granted…
Culture
Sats grows Q1 profit 9.1% to S$70.9 million with higher cargo, food service volumes
AIRLINE caterer Sats grew its Q1 earnings 9.1 per cent year on year to S$70.9 million for the first quarter ended Jun 30, 2025, boosted by…
Culture
Intel rescue will depend on Trump as investor — and pitchman
A US government plan to take a stake in Intel would give the ailing chipmaker a powerful backer, even if a bigger challenge still lies…
Culture
Estee Lauder forecasts annual profit below estimates as tariffs hit
Estee’s organic net sales for the fourth quarter fell 13%, compared with an 8% rise a year ago Estee Lauder forecast annual profit below…
Culture
Buffett effect still holds as UnitedHealth soars through August
The Warren Buffett effect is proving true once again, spurring UnitedHealth Group’s reversal this month and giving the Dow Jones…
Culture
Baidu’s revenue dips ahead of intensifying Chinese AI contest
Baidu’s revenue fell, hurt by an economic downturn that’s capping its ability to fight bigger rivals in AI and make inroads in new growth…
Culture
STI rises 0.1% despite US big tech sell-off
Equities in Singapore rose slightly on Wednesday (Aug 20), as the market reacted to a sell-off among US big tech names such as Nvidia and…
Culture
UOB partners edtech player to teach digital skills to 90,000 Indonesian students
UOB has partnered with Indonesian edtech platform Ruangguru to give 90,000 students in the archipelago access to digital learning tools…
Culture
The Projector’s closure leaves film distributor scrambling for new screening venues
The abrupt closure of local indie cinema The Projector has dealt a major blow to its long-time partner Anticipate Pictures, which had…
Culture
Nexstar to buy Tegna for US$3.5 billion in bet on FCC reforms
Nexstar Media Group agreed to buy TV station operator Tegna for US$3.5 billion in a deal that stands to dramatically expand Nexstar’s…
Culture
India's Tata Motors returns to South African car market after six years
India’s Tata Motors returned to South Africa’s passenger vehicles market after a six-year absence, launching three ranges of SUVs and an…
Culture
Barclays’ Singapore private bank business unaffected by Asia head’s exit
Barclays’ private bank in Singapore will operate as normal, despite the departure of the business’ Asia chief amid a restructuring. “The…
Culture
China leaves benchmark lending rates unchanged in August, matching forecast
China kept benchmark lending rates in August unchanged for the third consecutive month on Wednesday (Aug 20), in line with market…
Culture
Pop Mart shares rise to record as CEO announces new mini Labubu
Shares of Chinese pop toy maker Pop Mart International Group rose to a record on Wednesday (Aug 20), after founder and chief executive…
Culture
China set to tackle petrochemicals overcapacity with overhaul
The Chinese government is set to launch a sweeping overhaul of its petrochemicals and oil refining sector, phasing out smaller facilities…
Culture
Is the silver squeeze about to get worse?
Silver is flashing red hot signs of a supply squeeze with prices climbing back towards multi-year highs as surging borrowing costs,…
Culture
Gold hits near three-week low on stronger US dollar; Fed symposium in focus
Minutes of the US central bank’s July meeting are anticipated to offer further insights into the central bank’s policy stance Gold prices…
Culture
Ex-Goldman trader Qin Xiao starts Singapore hedge fund, gets US$1 billion allocation from Millennium
Qin Xiao, the former co-head of Goldman Sachs’ global commodities trading team, has won an allocation from Millennium Management for his…
Culture
US hikes steel, aluminium tariffs on imported appliances, railcars, EV parts
The US Commerce Department said on Tuesday (Aug 19) that it is hiking steel and aluminium tariffs on more than 400 products, including…
Culture
BHP banks on China export resilience and India growth for demand
China’s export resilience and policy support, together with strong growth in India, will underpin future commodity demand despite an…
Culture
Europe: Stocks close at five-month highs as investors monitor progress on Ukraine
European shares closed at their highest level in more than five months on Tuesday (Aug 19) as investors assessed the chances of an end of…