Leadership
DBS can resume non-essential activities, but 1.8 times multiplier on its assets stays
A TEMPORARY restriction on DBS Bank from undertaking non-essential activities is over. This comes after the Monetary Authority of Singapore (MAS) on Tuesday (Apr 30) said it will not...
No extension to 6-month pause on DBS’ non-essential activities, but 1.8 times multiplier stays
THE Monetary Authority of Singapore (MAS) will not extend the six-month pause on non-essential activities imposed on DBS, after “substantive progress” was made on remediation efforts following service disruptions.The...
Dying salmon trouble Norway’s vast fish-farm industry
THEY are hailed for their omega-3 fatty acids and micronutrients, but Norway’s salmon are not in the best of health themselves at the fish farms where they are bred.Almost...
Boosted by name brand beers, Carlsberg sees higher sales
Danish brewer Carlsberg on Tuesday (Apr 30) reported a 4.4 per cent increase in revenue in the first quarter, boosted by higher sales of name brand beers.In a comment,...
L’Occitane’s billionaire owner Geiger to take firm private in US$1.8 billion deal
Hong Kong-listed L’Occitane International’s chairman and controlling shareholder, Reinold Geiger, will take the skin-care firm private, giving it an equity value of US$6.4 billion, the company said.The deal will...
Mercedes earnings drop on model changeovers, EV slump
Mercedes-Benz Group’s earnings plummeted 34 per cent in the first quarter, weighed down by model changes and sluggish demand for electric vehicles.Adjusted group earnings before interest and tax dropped...
Fast-fashion giant Shein wants to sell skincare, toothpaste and toys, too
ONLINE fast-fashion retailer Shein is courting brands such as toothpaste conglomerate Colgate-Palmolive and toymaker Hasbro as it tries to sell more household names on its platform.Known for cheap own-brand...
Asia’s first spot Bitcoin and Ether ETFs gain in Hong Kong debut
SIX spot bitcoin and Ether exchange traded funds (ETFs) gained in their Hong Kong debut on Tuesday (Apr 30) with the three Bitcoin ETFs climbing more than 2 per...
Hong Kong team plants seeds to safeguard legacy grains
FAR from the soaring skyscrapers synonymous with Hong Kong, scientists and farmers labour in a paddy field on the city’s outskirts to revive dormant rice varieties that once sprung...
Computer parts maker Logitech Q4 sales rise; first positive quarter in over two years
LOGITECH International increased its sales during its fourth quarter, the computer peripherals maker said on Tuesday (Apr 30), snapping two-and-a-half years of sales downturns after a pandemic-driven boom.The maker...