Ralph Lauren beats quarterly revenue estimates on resilient demand
It posted quarterly revenue of US$1.70 billion, compared with estimates of US$1.65 billion Ralph Lauren surpassed quarterly revenue estimates on Thursday (May 22), helped by…
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Fashion
Xiaomi billionaire touts SUV, Chinese chip in tech showcase
Xiaomi’s billionaire founder outlined plans for its first SUV and top-end gadgets with self-developed mobile chips, showcasing ambitions to expand its technology portfolio and move past a…
Yangzijiang Shipbuilding order wins dip to US$0.3 billion
This is down from US$3.3 billion in the year-ago period, but vessel deliveries remain on track Marine vessel manufacturer Yangzijiang Shipbuilding reported that its year-to-date order wins…
Changi Airport Group full-year net profit doubles to S$841 million
Changi Airport Group (CAG) saw its net profit almost double to S$841 million for the full year ended Mar 31, up from S$431 million in the year-ago period. The 95 per cent rise in net…
Can these short films convince people that AI is a force for good?
MOUNTAIN VIEW — For decades, Hollywood directors including Stanley Kubrick, James Cameron and Alex Garland have cast artificial intelligence as a villain that can turn into a killing…
CGSI downgrades Delfi, cuts target price as high cocoa prices sour sentiment
CGS International (CGSI) has downgraded its recommendation on chocolate confectioner Delfi to “hold”, from “add” previously, and slashed its target price by more than 19 per cent to…
Lenovo reports 64% profit decline in fourth quarter
China’s Lenovo, the world’s largest personal computer manufacturer, on Thursday reported a worse-than-expected 64 per cent fall in fourth-quarter profit, which it said was mostly…
Former PBOC deputy governor Liu Guiping to head Bank of China: sources
China will appoint financial veteran Liu Guiping as chairman of Bank of China, the nation’s fourth largest state-owned bank, two sources with knowledge of the matter said. Liu,…
Former central bank deputy governor to head Bank of China: sources
China will appoint financial veteran Liu Guiping as chairman of Bank of China (BOC), the nation’s fourth-largest state-owned bank, two sources with knowledge of the matter said.…
CPF Special, MediSave and Retirement Accounts’ interest rate remains at 4% for Q3 2025
The interest rate for the Central Provident Fund’s (CPF) Special, MediSave and Retirement Accounts (SMRA) will remain at 4 per cent per annum in the third quarter of 2025 – the same as the…
Asia: Equities track Wall Street sell-off as US deficit fears grow
Asian equities sank and Treasuries remained under pressure following sharp losses on Wall Street fuelled by US economy fears as Donald Trump tries to push through fresh tax cuts that could…
Bank of Japan policymaker rules out intervention to stem bond yield spike
Bank of Japan (BOJ) board member Asahi Noguchi said on Thursday (May 22) that he saw no need for the central bank to intervene in the bond market to stem recent sharp rises in super-long…
Singtel jumps 2.6% on S$0.10 per share dividend, S$2 billion share buyback plan
Company’s shares hit highest price in more than 5 years as telco returned to the black with S$2.8 billion H2 net profit Shares of Singtel rose on Thursday (May 22) morning after the telco…
Singtel jumps 3.6% on S$0.10 per share dividend, S$2 billion share buyback plan
Company’s shares hit their highest price in more than 5 years as telco returns to the black with S$2.8 billion H2 net profit Shares of Singtel rose on Thursday (May 22) morning after the…
Dollar-store billionaire poised to emerge from Malaysia IPO
A discount chain with signature red storefronts has drawn legions of Malaysians looking for good deals – and made its founder a billionaire. Eco-Shop Marketing, which operates more than…
Singtel initiates its first share buyback programme of up to S$2 billion; incorporates cloud business
The buyback will be delivered over the course of three years until financial year 2028 and involves the purchase of shares in the open market that will subsequently be cancelled Local…
Chinese firms go on fundraising spree amid rush of easy money
Chinese companies are seizing on a window of opportunity to raise capital as global investors pour money into Asian assets in search of alternatives to the US. The surge in inflows created…
Consumer groups want airlines to pay for baggage fees ‘distress’
Sixteen European consumer groups on Wednesday called on the European Union to take action against seven low-cost airlines over their baggage fees. The European Consumer Organisation, BEUC,…
Nike to raise prices by next week, to return to selling on Amazon, media reports say
NIKE is set to raise prices on several of its products starting next week and will also return to selling its products at online retail giant Amazon, according to media reports, as…
Google brings ads to AI search in ChatGPT battle
Google said on Wednesday it is beginning to weave advertisements into its new AI Mode for online search, a strategic move to counter the challenge posed by ChatGPT as the primary source…
Oil prices fall on news that US-Iran will hold nuclear talks
Oil prices settled lower on Wednesday, after Oman’s foreign minister said a fresh round of nuclear talks between Iran and the US would take place later this week. Prices had gained earlier…
US: Stocks tumble as bond yields spike amid deficit worries
WALL Street stocks slid on Wednesday as US Treasury yields surged amid investor unease over President Donald Trump’s giant tax cut legislation moving through Congress. The yield on the…
OpenAI teams up with former Apple design chief Jony Ive as AI race heats up
Jony Ive, a former Apple executive known for designing the iPhone, is joining forces with OpenAI, the San Francisco startup behind popular chatbot ChatGPT. On Wednesday, OpenAI said it’s…
Surge AI is latest San Francisco startup accused of misclassifying its workers
Artificial intelligence training company Surge AI has been hit with a lawsuit alleging it has misclassified contractors hired to improve chat responses from AI software for some of the…