Google held a monopoly in online ad tech, U.S. judge finds
In another major legal blow to Google, a federal judge on Thursday ruled that the search giant held an illegal monopoly over some advertising technology. Judge Leonie Brinkema of the U.S.…
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Fashion
US dollar benefits from selling exhaustion, ECB cuts rates
THE US dollar rallied on Thursday (Apr 17) after its recent weakness across peer currencies appeared exhausted for the time being, while the euro weakened slightly after the European…
Nickel scam accused’s buying spree extends to S$8 million on semi-detached house, S$2 million on art pieces: witnesses
Ng Yu Zhi spent S$8 million on a semi-detached house and splurged S$2 million on a total of 41 works of art, allegedly using the ill-gotten gains from his purported nickel trading. Ng, 37,…
AmEx profit rises on resilient card spending
Provisions for credit losses were US$1.2 billion in the quarter, compared with US$1.3 billion a year earlier American Express reported a 6 per cent rise in first-quarter profit on…
ECB cuts rates again to help economy weather erratic US trade policy
The European Central Bank (ECB) cut interest rates for the seventh time in a year on Thursday (Apr 17), looking to prop up an already struggling eurozone economy that will take a large hit…
‘Fallacy’ to say OCBC does not know insurance business: board chairman
It will be a fallacy to say that OCBC does not know the insurance business, given that its insurance arm, Great Eastern Holdings (GEH), has been associated with the banking group for the…
Singapore shares settle higher on Thursday; STI extends rally, up 1.6%
The benchmark index’s gains mirror major regional indices, such as the Kospi, which rose 0.9% The Straits Times Index (STI) continued to rally on Thursday (Apr 17), tracking regional…
Luxury brand Hermes to pass on tariff costs to US clients as sales growth slows
France’s Hermes will fully shift the burden of tariffs in the US to its wealthy clientele, the company said on Thursday (Apr 17), as it posted first-quarter sales that slightly missed…
India’s IDFC First Bank to raise 75 billion rupees from Warburg Pincus, Adia
The Mumbai-based lender will issue 1.25 billion preference shares to the investors First Bank has approved a plan to raise 75 billion rupees (S$1.2 billion) from Warburg…
Temu, Shein see US sales surge ahead of small parcel tariff
Online shopping giants Temu and Shein saw their sales rebound in March and April as US shoppers stockpiled products such as makeup brushes and home appliances before tariff-led price…
‘Compelling yields’: DBS flags opportunity in hotel S-Reits on Mice, concert hub status
Hotel Singapore-listed real estate investment trusts (S-Reits) could benefit from the Republic’s drive to establish itself as a regional hub for meetings, incentives, conventions and…
Bank of Korea holds rate steady after inflation speeds up and won wobbles
The Bank of Korea (BOK) held its benchmark interest rate steady to foster stability after consumer inflation unexpectedly picked up and the won weakened to a 16-year low, as Donald Trump’s…
Frasers Property Industrial enters JV to invest in A$600 million Aussie industrial portfolio
Frasers Property Industrial has entered into a capital partnership with an investment vehicle sponsored by Morgan Stanley Real Estate Investing for industrial assets in Australia. The…
Malaysia Airlines parent reports lower profit in 2024
Malaysia Airlines’ parent company Malaysia Aviation Group (MAG) reported a second consecutive annual profit in 2024, but it fell 93 per cent from the previous year due to lower airfares…
EV maker Xpeng charts steady global expansion despite tariff war
Chinese electric vehicle (EV) maker Xpeng is ramping up its global expansion, despite the intensifying trade war between Washington and Beijing, and the European Union’s punitive tariffs…
PGIM to invest US$2 billion in Asia property, unfazed by tariffs
PGIM Real Estate, the property arm of Prudential Financial’s asset manager, expects to invest about US$2 billion across the Asia-Pacific region this year even as Donald Trump’s trade…
CapitaLand Investment launches first retail Reit in China with assets worth 2.8 billion yuan
CapitaLand Investment (CLI) announced on Thursday (Apr 17) that it intends to launch its first real estate investment trust (Reit) in China, to be named CapitaLand Commercial C-Reit…
CapitaLand Investment launches its first retail Reit in China with assets worth 2.8 billion yuan
CapitaLand Investment (CLI) is moving to list its first real estate investment trust (Reit) in China with two major malls valued at 2.8 billion yuan (S$499 million). The listing on the…
Keppel Pacific Oak US Reit Q1 distributable income continues slide, tumbling 19.3% to US$9.6 million
Keppel Pacific Oak US Reit (Kore) posted a distributable income of US$9.6 million for its first quarter ended Mar 31, down 19.3 per cent from US$11.9 million in the previous corresponding…
Temu, Shein slash digital ads as tariffs end cheap shipping from China, data show
The online retailers are cutting ad spending on most platforms, according to two digital marketing firms that measure ad spending Chinese online marketplace Temu and fast-fashion…
TSMC upbeat on outlook as robust AI demand offsets tariff uncertainty
Taiwan Semiconductor Manufacturing Co (TSMC) gave a bullish outlook for the year on robust demand for artificial intelligence (AI) applications, adding that while there was uncertainty…
AMD says US rule on chips to China could cost it US$800 million
Chip developer Advanced Micro Devices (AMD) on Wednesday (Apr 16) said it expects new US licensing requirements for semiconductors exported to China to cost it as much as US$800 million.…
Europe: Shares close lower as ASML warns US tariffs cloud outlook
European shares closed lower on Wednesday (Apr 16), weighed down by semiconductor-related stocks after the world’s biggest chip-making equipment supplier ASML warned that US tariffs were…
Industry players see room for private credit market to grow in South-east Asia
Private credit funds, where investors pool their capital to enable the fund manager to provide loans to companies, are seeing greater interest in South-east Asia, with regional governments…