Leadership
Giorgio Armani names veteran Giuseppe Marsocci new CEO as fashion house weighs potential sale
[MILAN] Giorgio Armani appointed company veteran Giuseppe Marsocci as chief executive officer as the Italian fashion house considers a potential sale following the death of its founder.Marsocci has spent...
Bitcoin extends decline to US$104,782 as Trump escalates US-China trade war
[BENGALURU] Bitcoin, the world’s largest cryptocurrency by market value, extended declines on Friday (Oct 10) after US President Donald Trump escalated his trade conflict with China.Trump on Friday said...
US: Wall Street opens slightly higher as traders buy the dip ahead of sentiment data
[NEW YORK] Wall Street’s main indexes opened slightly higher on Friday, as investors sought to buy the dip following a brief pullback, while awaiting the consumer sentiment data for...
Tata Consultancy Services slashes 19,755 jobs in biggest workforce cut amid AI, US strains
[MUMBAI] Tata Consultancy Services (TCS) made its steepest-ever job cuts as strained ties with the US and a rapid shift towards artificial intelligence reshape the country’s US$280 billion IT...
Seatrium shares plunge 7.8% after US$475 million Maersk offshore Wind contract termination
Citi analyst Luis Hilado said the contract termination will likely have a negative near-term impact on its shares[SINGAPORE] Shares of Seatrium plunged as much as 7.8 per cent on...
US dollar mixed as yen sell-off wanes, euro hit by French politics
[NEW YORK] THE US dollar was mixed on Thursday (Oct 9) as a sell-off in the Japanese yen appeared exhausted for now, while the euro was dented by political...