News
Raffles Education seeks shareholder nod on RMB426.4 million sale of private college in China
[SINGAPORE] Raffles Education is seeking shareholder approval for the proposed sale of its China asset for 426.4 million yuan (S$75.9 million) via an extraordinary general meeting (EGM). The proposed...
Making batteries to woofers, GP’s Lo sways to the rhythms of geopolitics and music
The chairman’s solution for the company’s challenges is to somehow expand the market[SINGAPORE] If you thought this whole headache of geopolitics roiling business was a recent phenomenon, you need...
Shiseido faces tough turnaround after costly cosmetics stumbles
The company has embraced a turnaround plan that involves drastic cost-cutting and a refocus on its luxury brands[TOKYO] Shiseido, once a formidable challenger to L’Oreal and Estee Lauder Companies,...
Can the Singapore market support growth stocks?
Despite the STI outperforming the S&P 500 in the last five years, investors continue to cast doubt on buying growth[SINGAPORE] “Can Asians think?” A collection of essays by Singapore...
Sovereign wealth funds join clamour for private credit in EMs
[LONDON] A record wave of private credit deals across emerging markets (EMs) looks set to extend this year, with a host of institutional and sovereign wealth investors seeking to...
Hassett says Trump may be right to keep him out as Fed chair
[WASHINGTON] White House economic adviser Kevin Hassett said that US President Donald Trump may well keep him in his current job, which would eliminate him from contention for the...
Micron to buy Taiwan chip fabrication site for US$1.8 billion
The investment is part of Micron’s global expansion as it seeks to meet continued demand for memory chips[NEW YORK] Micron Technology has signed a letter of intent to buy...
Creative’s new CEO is no Sim Wong Hoo – but he shouldn’t strive to be
New chief Sim Li Ern’s main task is to convince investors that the company still has viable businesses[SINGAPORE] Sim Li Ern, the nephew of the late Creative Technology founder...
Bank of Japan keeps yen watchers on edge for rate-hike clues
Yen weakness and negative real rates risk fuelling inflation, leaving the BOJ behind the curve[TOKYO] The upcoming Bank of Japan (BOJ) meeting offers scope for sharp movements in the yen as...
OpenAI to test ads in ChatGPT in bid to boost revenue
The move marks a major departure for the company that had so far relied on subscriptionsOpenAI said it would start showing ads in ChatGPT to some US users, ramping...
