News
DFI Retail’s Mannings shutters in mainland China
The beauty and wellness business intends to integrate its operations across Hong Kong and Macau[SINGAPORE] DFI Retail Group’s beauty and wellness business Mannings on Wednesday (Dec 17) announced the...
Coliwoo disposes Pasir Panjang co-living hotel space in S$43.9 million sale-and-leaseback deal
Estimated net proceeds of S$15.3 million will be used to repay working capital loans owed to LHN Group and for general working capital purposes [SINGAPORE] Coliwoo has entered into...
Stoneweg Europe Stapled Trust divests office asset in Italy for 34 million euros
Following the divestment, the trust’s exposure to Italy will fall from 18% to 17%[SINGAPORE] The managers of Stoneweg Europe Stapled Trust (Sert) on Friday (Dec 19) said that it...
Nike reports sales beat overshadowed by Converse, China slumps
NIKE posted better-than-expected sales in the latest quarter, showing progress in its turnaround efforts, but weakness persisted in China and the Converse brand. Revenue in the fiscal second quarter rose...
US Fed’s Goolsbee welcomes latest inflation data, says more rate cuts may loom
FEDERAL Reserve Bank of Chicago President Austan Goolsbee said on Thursday fresh inflation data is “good” and if it can be sustained it should help open the door for...
European shares gain after US inflation data, ECB rate decision aids investor optimism
EUROPEAN shares made broad-based gains on Thursday, with lower-than-expected US inflation strengthening hopes for Federal Reserve interest rate cuts in 2026 and the European Central Bank taking a more positive view of...
UBS plans January job cuts to kick off final year of integration
[ZURICH] UBS Group is set to begin its latest wave of job cuts in mid-January, according to people familiar with the matter. That step will be followed by another...
IndiGo faces India antitrust scrutiny after mass flight cancellations
Disruptions highlight risks of the 90% IndiGo-Air India duopoly in India’s air market[NEW DELHI] India’s competition regulator said on Thursday (Dec 18) it was reviewing allegations of antitrust violations...
Why fintech firm Bilt is funding its own original series ‘Roomies’
At the Angelika Film Center in New York earlier this month, 115 people gathered around the theater’s big screen. But it wasn’t to watch a Hollywood film. They came...
Singapore stocks track Wall Street declines; STI down 0.1%
Across the broader market, losers beat gainers 286 to 236, as 883.5 million securities worth S$1.1 billion change hands[SINGAPORE] Singapore shares ended lower on Thursday (Dec 18), tracking declines...
