Leadership
Oil gains 1% on hopes of firmer demand
OIL prices settled about 1 per cent higher on Friday, with global benchmark Brent crude recording its first weekly gain in three weeks, after economic indicators from the world’s...
As Singapore moves towards EVs, labour shortages threaten survival of small workshops
AS SINGAPORE’S automotive landscape moves towards electric vehicles (EVs), which require less maintenance, smaller workshops may face less demand.
Keppel Reit unit obtains 131 billion won loan facility
A SUBSIDIARY of Keppel Real Estate Investment Trust (Reit) has procured a loan facility of 131 billion won (S$130.1 million), guaranteed by its trustee HSBC Institutional Trust Services, said...
Bank of America to pay US$2.9 billion for portfolio of WaFd multifamily loans
BANK of America agreed to buy a portfolio of commercial real estate loans from WaFd for about US$2.9 billion, helping the regional lender reduce its exposure to a sector...
Dollar edges up, but still set for weekly decline
THE dollar edged up against major currencies on Friday (May 17) but was still headed for a weekly fall, as market speculation continues to swirl about the timing of...
Luxury group Richemont reports slowdown in Q4 sales, appoints new CEO
Richemont confirmed the slowdown in the luxury sector when the Cartier jewellery owner reported a 1 per cent drop in its fourth quarter sales on Friday (May 17).The company,...
Vietnam forfeits billions of US dollars in foreign aid amid anti-graft freeze
VIETNAM has forfeited at least US$2.5 billion in foreign aid over the last three years and may lose another US$1 billion because of administrative paralysis, the United Nations, the...
Dolce & Gabbana metaverse fashion offering leaves shopper fuming
Dolce & Gabbana USA was sued by a customer who said the non-fungible tokens (NFTs) he spent US$6,000 on that came with outfits to wear in the metaverse lost...
