US stocks push higher while gold, silver notch fresh records
WALL Street stocks pushed higher on Monday to begin a holiday-shortened trading week, while oil prices rallied amid worsening tensions between the United States and Venezuela. Gold and…
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Fashion
European shares muted at start of holiday-shortened week
EUROPEAN shares were little changed on Monday, with beverage stocks weighing on the index, as investors navigated a holiday-shortened week on a tepid note after a record close in the…
Jeffrey Epstein Is Seen in New Photos Kissing and Cuddling Minor Girls on Lolita Express as More Files Are Released
Disturbing images released as part of the Justice Department's latest batch of documents appear to show Jeffrey Epstein cuddling and kissing young girls on his private jet. The chilling…
Telefonica to cut 5,500 jobs with total cost of 2.5 billion euros
The Spanish carrier has signed an agreement with unions to implement the exit plans Telefonica will book a cost of 2.5 billion euros (S$3.8 billion) to pay for the exit of about 5,500…
Wall Street climbs as tech rebound gathers momentum
US stocks rose on Monday (Dec 22), kicking off the holiday-shortened week on a positive note, as technology stocks continued to rebound from last week’s sell-off, while investors awaited…
Ever Glory United to move to SGX mainboard on Dec 29; public offer 7.6 times subscribed
Catalist-listed engineering services provider Ever Glory United will transfer to the mainboard of the Singapore Exchange (SGX) on Dec 29. Trading in its shares on the mainboard will…
HTC bets its open AI strategy to drive smart glasses sales
The glasses support multiple platforms, letting users benefit from improvements by various models Taiwan’s HTC is betting its open platform strategy will allow it to build market share in…
CapitaLand Malaysia Trust to acquire five industrial facilities in Johor for RM220.8 million
The properties are strategically located within the Johor-Singapore Special Economic Zone to capitalise on rising demand CapitaLand Malaysia Trust (CLMT) has entered into an agreement to…
Chinese AI firm MiniMax to launch Hong Kong IPO in early January
The firm develops multimodal AI models which can process text, audio, images, video and music Chinese artificial intelligence (AI) firm MiniMax is seeking to launch a Hong Kong initial…
Singapore stocks edge higher, tracking regional bourses; STI up 0.9%
Local shares closed higher on Monday (Dec 22), tracking regional bourses. The benchmark Straits Times Index (STI) rose 0.9 per cent or 40.51 points to close at 4,610.29. Meanwhile, the…
SingPost’s 2024 fraud incident allegedly involved e-commerce shipments bound for Canada
More details have emerged about Singapore Post’s (SingPost) parcel delivery fraud incident that came to light in 2024. The Business Times understands the major client involved was Cainiao,…
Shein’s global ambitions survive French store uproar
The e-commerce giant, whose model of high-volume, ultra-cheap fashion has upended traditional retailing, looks like it’s in France to stay Shein’s choice of Paris for its first physical…
Uber teams up with Baidu to start robotaxi trials in UK
Global robotaxi rollouts are accelerating, with Chinese companies and Alphabet’s Waymo leading the charge Uber Technologies said that it’s teaming up with Baidu to trial driverless taxis…
Asia: Markets rally with Wall Street as rate hopes rise, AI fears ease
ASIAN markets rallied on Monday and gold hit a record high as the latest round of US data boosted hopes for more interest rate cuts, while worries over AI spending also subsided. Investors…
From Amazon to DBS: AI is driving thousands of job cuts worldwide
Global banks alone will cut as many as 200,000 jobs in the next three to five years The global march of artificial intelligence (AI) continues, and in its shadow, hundreds of thousands of…
Tips for wealthy property families seeking to pass ownership of empires through multiple generations
Applying lessons from Geneva’s Pictet family Source link
Uniqlo’s owner boosts new graduate pay as Japan faces inflation
UNIQLO owner Fast Retailing will raise base salaries for new graduates in Japan by as much as 12 per cent, stepping up efforts to secure and retain talent as the country’s workers grapple…
Gold smashes past US$4,400, silver hits record as rate cut bets fuel rally
Bullion has surged nearly 68% this year, marking its biggest annual rise since 1979 Gold crossed the US$4,400-per-ounce level for the first time on Monday (Dec 22), propelled by…
CNMC Goldmine shares fall 7.3% on extra tax, penalty in Malaysia
A Malaysian unit of CNMC Goldmine is facing additional income tax and a penalty worth RM29.6 million Shares of Catalist-listed CNMC Goldmine fell as much as 7.3 per cent on Monday (Dec 22)…
Li Ka-shing is remaking his empire as a generational shift looms
Li Ka-shing and his family set in motion a series of deals this year that stand to completely transform his business empire. The Hong Kong billionaire’s flagship conglomerate, CK Hutchison…
Seatrium, Maersk resolve contract dispute with giant line to pay US$360 million upon vessel delivery
Offshore, marine and energy specialist Seatrium has reached an agreement with buyer Maersk Offshore Wind’s affiliate Phoenix II, for the latter to pay the balance of the contract price –…
Chinese chipmakers race to IPO after back-to-back listings surge
The surge in listings is coming on the back of two blockbuster trading debuts in Shanghai Chinese chipmakers are rushing to the initial public offering (IPO) market, raising funds that are…
USD/CHF trades within key range as SNB holds rates and Fed turns cautious
THE US dollar/Swiss franc (USD/CHF) FX pair is widely considered a safe-haven currency pair due to Switzerland’s neutral geopolitical stance and its low-risk financial system, in contrast…
After a tepid 2025, cautious optimism is building for private equity in 2026
More sectors could become attractive to investors next year as valuations are largely reset The expected rebound in the private-equity (PE) sector did not materialise in 2025, but…