Culture
TikTok strikes deal for new US entity, ending long legal saga
TikTok said on Thursday (Jan 22) that its Chinese owner, ByteDance, had struck a deal with a group of non-Chinese investors to create a…
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Culture
Culture
Malaysia’s strong ringgit squeezes export reliant glove makers
Malaysia’s world-leading producers of latex gloves are facing tightened profit margins as the nation’s strong currency bites into US…
Culture
Stocks to watch: Prudential, Keppel, Suntec Reit, Aztech Global, The Assembly Place
The following companies saw new developments that may affect trading of their securities on Friday (Jan 23): Source link
Culture
Crocs bets US$150 clogs shaped like Lego bricks will generate buzz
The casual footwear maker needs a new hit as the rapid growth of recent years fades fans will soon be able to wear the brand’s trademark…
Culture
Danantara shifts into deployment era with US$12 billion war chest
A global bond sale is also being targeted as Indonesian sovereign wealth fund scales up deployment Indonesian sovereign wealth fund…
Culture
Roomba maker’s sale to Chinese manufacturer approved by US bankruptcy judge
Amazon.com tried to buy iRobot for US$1.4 billion in 2023 but the deal fell through The company filed for bankruptcy in December after…
Culture
BNP Paribas seeks to cut about 1,200 roles on Axa IM integration
More recently, the CEO Jean-Laurent Bonnafe has been selling some stakes in various businesses Paribas is seeking to eliminate about 1,200…
Culture
Gold’s bullish outlook makes it a core portfolio asset, not just a hedge, say panellists
The precious metal will likely continue to rally amid geopolitical uncertainty and central bank demand, observers say Gold is increasingly…
Culture
From US tech to emerging markets, investors urged to diversify in volatile year
Panellists highlight investment opportunities for 2026 amid geopolitical uncertainties Steve Brice, Global Chief Investment Officer of…
Culture
Stretched valuations no barrier to global equity opportunities in 2026: panellists
Investors can still generate returns by being risk-on in a diversified manner, say market watchers Risk assets will likely continue to…
Culture
Amazon plans thousands more corporate job cuts next week, sources say
Amazon is planning a second round of job cuts next week as part of its broader goal of trimming some 30,000 corporate workers, according…
Culture
Bank of America, Citigroup weigh new cards with 10% rate
Some bank executives have publicly said that they agree with Trump’s focus on affordability Bank of America and Citigroup are exploring…
Culture
JPMorgan CEO Jamie Dimon’s pay rises to US$43 million in 2025
RGAN Chase said on Thursday its longtime CEO Jamie Dimon‘s 2025 pay package climbed about 10 per cent to US$43 million. His compensation…
Culture
Trump sues JPMorgan, CEO Jamie Dimon for US$5 billion over alleged debanking
JPMorgan said it closes accounts that create legal or regulatory risk for the bank PRESIDENT Donald Trump filed a US$5 billion lawsuit…
Culture
Intel gives weak forecast after supply shortages hurt sales
Despite the optimism, the company still has a long way to go to restore its former chip-industry glory Intel gave a lacklustre forecast…
Culture
Oil slides 2% as Trump tones down threats toward Greenland and Iran
Oil prices slid about 2 per cent to a one-week low on Thursday after US President Donald Trump softened threats toward Greenland and Iran,…
Culture
Autodesk to cut about 7% of staff amid sales reorganisation push
Software company Autodesk is planning to cut around 1,000 jobs, or about 7 per cent of its workforce, as it seeks to streamline its…
Culture
European shares rebound as Trump withdraws tariff threats over Greenland
PEAN shares logged their biggest daily jump in nearly two months on Thursday in investor relief that US President Donald Trump dropped…
Culture
US stocks: Wall Street ends up as investors buoyed by tariff relief, upbeat data
Many of the so-called Magnificent Seven stocks are due to report earnings next week Street’s main indexes ended higher on Thursday, the…
Culture
The Assembly Place’s IPO 35.5 times subscribed ahead of Catalist debut
Co-living operator The Assembly Place’s initial public offering (IPO) was 35.5 times subscribed on Thursday (Jan 22), ahead of its debut…
Culture
Wall Street opens higher on tariff relief
stocks opened higher on Thursday (Jan 22), inching towards all-time highs, after President Donald Trump dialed back his threat of tariffs…
Culture
Apple asks Indian court to stop antitrust body from seeking its financials
The US tech giant argues that being forced to comply now will defeat its main legal challenge against India’s penalty rules Apple has…
Culture
Singapore unveils new framework to rein in risks of autonomous AI agents
While agentic artificial intelligence may benefit the Republic’s digital economy, it also has its vulnerabilities Singapore has launched a…
Culture
Jumbo Group takes 20% stake in Xi’an restaurant joint venture
Chill crab purveyor Jumbo Group has entered into a joint venture (JV) with a Chinese company to operate a restaurant in Xi’an. A Jumbo…