Leadership
China’s thrifty shoppers create new stock winners and losers
CHINA’S price-conscious shoppers are trading down amid a fragile economic recovery, delivering a boon to firms that cater to the trend while adding pressure on premium brands. The frugality...
Singapore shares fall at Wednesday’s open; STI down 0.3%
SINGAPORE shares fell at the opening bell on Wednesday (Feb 28) morning, after a mixed performance in global markets. The Straits Times Index (STI) fell 0.3 per cent or 9.23...
Family Dollar fined US$41.7 Million over rodent-infested warehouse
THE value-store chain Family Dollar was fined US$41.7 million, the largest-ever financial criminal penalty in a food safety case, for distributing food, drugs, medical devices and cosmetics from a...
CDL net profit drops 75% to S$317.3 million for 2023, targets S$1 billion in divestments
CITY Developments Ltd’s (CDL) net profit dropped 75 per cent to S$317.3 million in 2023, as higher financing costs ate into profits in the absence of divestment gains. This...
WuXi is now most-sold Chinese stock by foreigners on US ban fear
WUXI AppTec has become the most-sold Chinese stock this year on fears of United States sanctions, a reversal from last year when the shares of the biotech company were...
Chinese chipmaker cleared in US criminal trade secrets case
A CHINESE chipmaker was cleared of economic espionage and other criminal charges in a setback for a United States Justice Department crackdown on intellectual property theft by China. More...
Hot stock: OCBC falls 3.1% after Q4 earnings miss
SHARES of OCBC retreated on Wednesday (Feb 28) morning amid heavy trading after the bank reported a fourth quarter net profit of S$1.62 billion, falling short of the S$1.72...
Starbucks, US union agree to form ‘framework’ for organising, bargaining
STARBUCKS and a union seeking to organise the coffee chain’s US workforce said on Tuesday they have agreed to create a “framework” to guide organising and collective bargaining and...
