Leadership
China gives green light to Stellantis-Leapmotor joint venture: sources
A PROPOSED joint venture that would allow world No 4 automaker Stellantis to build and sell Leapmotor’s electric vehicles (EVs) outside China has received approval from a Chinese regulator,...
SK Hynix investing US$1 billion to widen lead in AI memory chips
SK HYNIX is ramping up its spending on advanced chip packaging, in hopes of capturing more of the burgeoning demand for a crucial component in artificial intelligence (AI) development:...
Victoria’s Secret falls on weak guidance in faltering turnaround
VICTORIA’S Secret & Co reported net sales guidance for the full year that fell short of analysts’ expectations, underscoring the retailer’s struggle to grow as it works to gain...
Australia’s corporate regulator fines ASX, issues infringement notice
AUSTRALIA’S corporate regulator said on Thursday (Mar 7) that ASX has paid a A$1.1 million (S$966,988) fine following a compliance investigation, marking the first such infringement notice issued to...
Amazon loses trademark appeal over ‘targeting’ UK shoppers
AMAZON lost an appeal on Wednesday (Mar 6) against a ruling that it had infringed UK trademarks by targeting British consumers on its US website, in a potentially significant...
Paramount in talks to sell India TV stake to Ambani’s Reliance
PARAMOUNT Global is in discussions to sell its stake in its media joint venture in India to Mukesh Ambani’s Reliance Industries, according to sources familiar with the matter, as...
Over 75% of S-Reits log DPU declines in H2; expected interest rate cuts may offer reprieve
HIGHER interest costs continued to weigh on distributions for locally listed real estate investment trusts (S-Reits) in the second half of 2023. More than three-quarters of the trusts that...
China’s Antfin sells Zomato stake worth US$341.5 million
CHINA’S Antfin sold a 2.1 per cent stake in Indian food delivery platform Zomato worth US$341.5 million on Wednesday (Mar 6), stock exchange data showed. The stake sale comes...
