Fashion
Founder of TikTok owner ByteDance jumps to top of China’s rich list
BYTEDANCE founder Zhang Yiming is China’s richest person, with personal wealth of US$49.3 billion, an annual rich list showed on Tuesday (Oct 29), although counterparts in real estate and...
HSBC to buy back US$3 billion shares as profit beats estimates
HSBC Holdings announced a fresh multi-billion US dollar stock buyback as it reported better-than-estimated earnings days after unveiling a major restructuring of its business.Europe’s largest bank said on Tuesday...
L.A. Times, Washington Post see subscription cancellations over not endorsing in presidential race
The Los Angeles Times and Washington Post have seen significant subscription cancellations in the days since their billionaire owners decided not to endorse in the presidential race after the...
Australia’s Myer to buy rival Premier’s apparel business in A$864 million deal
AUSTRALIAN department store owner Myer will buy retail billionaire Solomon Lew’s Premier Investments’ apparel brands business, in a deal valued at A$863.8 million (S$752 million), the companies said on...
StarHub mobile network outage reported by users; over 2,000 reports on Downdetector
SOME StarHub customers experienced disruptions to their mobile network on the morning of Oct 29, leaving them unable to access the internet.Outage monitoring site Downdetector registered more than 990...
Nippon Paint shares jump most in 24 years on US$2.3 billion deal
SHARES of Nippon Paint surged following its announcement of a deal to acquire a US-based chemicals formulator. The stock price for the Japanese firm gained as much as 23.6...
Singapore shares open almost flat on Tuesday; STI up 0.02%
SINGAPORE shares opened almost flat on Tuesday (Oct 29), after US and Europe’s indices rose overnight.As at 9.01 am, the Straits Times Index (STI) rose 0.71 point or 0.02...
Bitcoin tops US$71,000 for first time since June as election nears
BITCOIN rose past US$71,000 for the first time since June, bolstered by inflows into dedicated exchange-traded funds (ETFs) as well as speculation about potential outcomes from next week’s US...
M1 to acquire 70% stake in Vietnamese IT solutions provider for 719.9 billion dong
MOBILE network operator M1 is acquiring a 70 per cent stake in Vietnam-based IT solutions provider, ADG National Investment and Technology Development, for a total purchase consideration of 719.9...
Sequoia to rake in more than US$100 million from crypto acquisition
VENTURE capital (VC) firms are set to make hundreds of millions of US dollars from Stripe’s acquisition of crypto platform Bridge for US$1.1 billion in cash and stock, according...
