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These ultra-high-net-worth investors are turning to banks which offer alternative ways of managing their wealth The compliance costs incurred when setting up single-family offices (SFOs)…
US AUTHORITIES have seized 4.7 million unauthorised e-cigarettes valued at US$86.5 million in the largest operation of its kind to date, the Department of Health and Human Services said on…
EUROPEAN shares reversed course to close lower on Wednesday as a boost from Spanish fast-fashion giant Inditex was offset by a pullback in technology stocks. The pan-European Stoxx 600…
Food delivery app DoorDash is setting its sights on a new destination to test out flying drone deliveries: San Francisco. The tech company leased a warehouse in the Mission District last…
Property developer UOL has entered into an agreement to sell Kinex, a retail mall, for US$375 million. The buyers of the freehold property are Kinex Times Square and Xiaohong Property…
The S&P 500 and the Nasdaq hit intraday record highs at the open on Wednesday (Sep 10), after cooler-than-expected producer inflation data boosted bets on interest-rate cuts by the Federal…
A Malaysian unit of beleaguered entertainment group mm2 Asia has settled a dispute with its landlord, Hektar Real Estate Investment Trust, over unpaid rent and other charges for its movie…
This is due to higher sales from both the company’s domestic market in the Philippines and international markets Canned-food brand Del Monte Pacific has returned to the black with a net…
Oracle said on Tuesday (Sep 9) it expects booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion dollars, boosted by growing demand for its relatively…
Chinese private equity firm Centurium Capital is considering selling its stake in Taibang Biologic Group, people familiar with the matter said. Centurium has been sounding out potential…
As a result of the new share placement, controlling shareholder mm2 Asia’s stake in Vividthree will be diluted to 23% Vividthree Holdings will see private equity fund Hildrics Asia Growth…
Asian markets extended gains on Wednesday (Sep 10), with Tokyo and Seoul emulating a record day on Wall Street as fresh data pointing to a weakening US jobs market ramped up expectations…
Larry Ellison is closing in on Elon Musk for the title of the world’s richest person. His fortune soared US$70 billion after Oracle reported quarterly results after market close on Tuesday…
Ellison, who co-founded Oracle, has the bulk of his net worth tied up in the database software company Larry Ellison has become the world’s richest person for the first time, ending Elon…
South Korean shares hit a record high on Wednesday (Sep 10), boosted by investors’ hopes for President Lee Jae Myung’s plan to reverse a tax hike proposal following a backlash, and so…
Wegovy-maker Novo Nordisk will cut 9,000 jobs, or about 11.5 per cent of its workforce, in a restructuring to save eight billion Danish crowns (S$1.6 billion) annually, it said on…
Deutsche Bank hired three for its Asia Pacific credit trading and sales desk, underscoring high demand for staff, as finance professionals shift among banks in the region. The lender hired…
The company is building three other production lines in Arizona, Michigan and Ohio The immigration raid at an LG Energy Solution-owned battery plant in Georgia has disrupted construction…
ASIAN markets extended gains on Wednesday following a record day across Wall Street as fresh data pointing to a weakening US jobs market ramped up expectations for a series of Federal…
The South Asian nation offers strong economic expansion, with broader investment opportunities across sectors from infrastructure to manufacturing Global asset managers from KKR to…
A FEDERAL judge on Tuesday temporarily blocked President Donald Trump from removing Federal Reserve Governor Lisa Cook, an early setback for the White House in an unprecedented legal…
The Singapore Exchange has approved the mainboard listing of co-living business Coliwoo. Parent company LHN Group, which gave the update on Wednesday (Sep 10), said in a separate statement…
Prices of lithium carbonate has seen heightened volatility over supply uncertainties A Chinese lithium mine that pushed up battery-metal prices when it halted production last month is now…
Rising demand from long-term investors will be key to reviving market sentiment and help sustain the rally’s momentum Chinese insurance firms have increased their equity exposure to the…
