Leadership
Sam’s Club, Lululemon among brands defying China consumption dip
AMID anaemic consumer demand in China, some brands are still seeing double-digit sales growth in signs that it’s not all gloom and doom in the world’s No 2 economy.While...
Bank of Korea to consider timing for rate cut while keeping policy tight
THE Bank of Korea (BOK) said it will consider the timing to reduce its benchmark interest rate while keeping its policy restrictive, suggesting its cautious approach remains ahead of...
Olam raises bid for Australia’s Namoi Cotton to A$0.75 per share
This comes days after independent directors of Namoi unanimously recommended that shareholders accept Louis Dreyfus Company Melbourne’s takeover offerTHE tussle for Australia’s largest cotton ginner is heating up as...
US FAA head to testify before Senate panel on Boeing oversight
THE head of the Federal Aviation Administration will testify on Sept 25 before the Senate Permanent Subcommittee on Investigations on the planemaker’s oversight of Boeing, a committee aide told...
Midea raises US$4 billion in upsized Hong Kong listing
CHINESE appliance giant Midea Group raised US$4 billion in its Hong Kong listing in an enlarged deal that was priced at the top of the marketed range, in a...
GM looks to Japan’s TDK to make US batteries with China tech
GENERAL Motors (GM) is in discussions to buy electric vehicle (EV) batteries that would use technology from China’s Contemporary Amperex Technology (CATL) and be assembled at a new plant...
Flood of new F&B brands, players leaves trail of local casualties
But some operators say cut-throat competition also present new opportunities for incumbents and new playersLOCAL food and beverage (F&B) operators are facing increasing pressure from a flood of new...
Nvidia CEO says customer relations are ‘tense’ due to shortages
NVIDIA CEO Jensen Huang, whose products have become the hottest commodity in the technology world, said that the scramble for a limited amount of supply has frustrated some customers...
