Nike reports sales beat overshadowed by Converse, China slumps
NIKE posted better-than-expected sales in the latest quarter, showing progress in its turnaround efforts, but weakness persisted in China and the Converse brand. Revenue in the fiscal…
Section
Fashion
BNY to move Singapore offices to Marina One East Tower
Investments into new spaces with better amenities are part of the bank’s transformation process that started in 2022 BNY is entering its next phase of transformation that bets big on…
Instacart to pay US$60 million to settle FTC claims it deceived shoppers
INSTACART has agreed to pay US$60 million in refunds to settle the US Federal Trade Commission’s allegations that the online grocery delivery platform deceived consumers about its…
Oil prices settle slightly higher as market assesses mounting supply risks
Oil prices settled marginally higher on Thursday as investors assessed the likelihood of further US sanctions against Russia and the supply risks posed by a blockade of Venezuelan oil…
US stocks close higher fuelled by tech rally, soft inflation data
WALL Street’s main indexes closed higher on Thursday as a soft inflation report fed expectations for interest rate cuts by the Federal Reserve, while chipmaker Micron’s blowout forecast…
Wall Street opens higher as inflation eases; forecast boosts Micron
Wall Street’s main indexes opened higher on Thursday (Dec 18) after softer-than-expected inflation data boosted expectations for more interest rate cuts by the Federal Reserve, while…
UBS plans January job cuts to kick off final year of integration
UBS Group is set to begin its latest wave of job cuts in mid-January, according to people familiar with the matter. That step will be followed by another round later in 2026 as UBS intends…
IndiGo faces India antitrust scrutiny after mass flight cancellations
Disruptions highlight risks of the 90% IndiGo-Air India duopoly in India’s air market India’s competition regulator said on Thursday (Dec 18) it was reviewing allegations of antitrust…
Bank of England lowers rates after tight vote but signals caution about further cuts
Five MPC members vote to lower the benchmark rate for the fourth time in 2025 to 3.75% The Bank of England (BOE) cut interest rates on Thursday (Dec 18) after a narrow vote by policymakers…
Why fintech firm Bilt is funding its own original series 'Roomies'
At the Angelika Film Center in New York earlier this month, 115 people gathered around the theater’s big screen. But it wasn’t to watch a Hollywood film. They came together to celebrate an…
Singapore stocks track Wall Street declines; STI down 0.1%
Across the broader market, losers beat gainers 286 to 236, as 883.5 million securities worth S$1.1 billion change hands Singapore shares ended lower on Thursday (Dec 18), tracking declines…
Elliott woos other Toyota Industries investors in buyout fight
Elliott Investment Management has been approaching asset managers and other institutional investors in Japan to build support for its campaign and push Toyota group to sweeten its 4.7…
Google works to erode Nvidia’s software advantage with Meta’s help
The effort is part of Google’s aggressive plan to make its TPU a viable alternative to Nvidia’s GPUs Alphabet’s Google is working on a new initiative to make its artificial intelligence…
South Korea digs deeper into intervention toolkit as won slides
The won has been Asia’s worst-performing currency in the second half of the year In South Korea, calls for action to stem the won’s decline are getting louder by the day. On Thursday (Dec…
StanChart, Ant International launch blockchain-based tokenised deposits in Singdollar, greenback
The new solution demonstrates how businesses can use blockchain technology to make transactions faster, more secure and more efficient Standard Chartered (StanChart) on Thursday (Dec 18)…
Trump says next Fed chair will believe in lower interest rates ‘by a lot’
US President Donald Trump said on Wednesday the next chairman of the US Federal Reserve will be someone who believes in lower interest rates “by a lot.” “I’ll soon announce our next…
OCBC users hit by short-lived mobile and online log-in error; bank says issue resolved
OCBC digital users are now able to access mobile and online banking services, following a short-lived outage on Thursday (Dec 18) morning. About 1,000 outage reports were lodged on…
Asian markets track Wall Street lower as AI fears mount
ASIAN markets sank on Thursday after another sell-off on Wall Street as worries over the tech sector’s colossal spending on artificial intelligence continued to dog investor sentiment.…
KGI starts Ever Glory at ‘outperform’ with S$1.20 target amid high construction demand in Singapore
Its asset-light model and careful working-capital management enable disciplined expansion, says analyst KGI Securities has initiated coverage on Ever Glory United with an “outperform”…
Apple makes changes to iOS software in face of stricter Japanese rules
APPLE is making changes to its iOS software in Japan to comply with a new local law aimed at fostering competition, part of broader efforts by the iPhone maker to adapt to regulations…
Stocks to watch: Singtel, Stoneweg Europe Stapled Trust, Acrophyte Hospitality Trust, HG Metal
The following companies saw new developments that may affect trading of their securities on Thursday (Dec 18): Singtel: The board of its unit, Optus, on Thursday released a report from an…
US FTC probes Instacart’s AI pricing tool, source says; shares drop
Shoppers viewing Instacart prices saw wildly different prices for the same items sourced at the same stores THE US Federal Trade Commission is probing Instacart, two sources familiar with…
ANZ hit with second “strike” as shareholders dissent over pay report
AUSTRALIAN lender ANZ Group’s new CEO will forgo his short-term bonus this year, while a significant minority of shareholders opposed the bank’s executive pay report at its 2025 annual…
Sembcorp’s purchase of Alinta has green risks
Post-acquisition, the Australian utility may present significant capital expenditures or a slower-than-expected green transition At the heart of Sembcorp’s plan to buy Australian utility…