Lifestyle
Chanel buys minority stake in cutting-edge Swiss watchmaker MB&F
Chanel is buying a minority stake in Swiss watch brand MB&F in a deal that will give the independent watchmaker financial security while boosting the French fashion brand’s standing...
Baidu reports flat Q2 revenue as China’s economic slowdown hits ad spending
SeaRCH engine giant Baidu reported flat quarterly revenue on Thursday, as a sluggish economy weighed on advertiser spending.
Revenue in the second quarter was 33.93 billion yuan (S$6.2 billion), compared...
Hong Kong crypto exchanges face challenges to get full licences
HONG Kong’s push for a digital-asset hub faces growing pains amid uncertainty over whether 11 crypto exchanges will all achieve full licences after earlier receiving initial approvals. The city’s...
Budget carrier AirAsia gets US$443 million private credit funding
BUDGET carrier AirAsia Bhd has secured a US$443 million dual-tranche private financing to use partly for refurbishing planes grounded during the pandemic, according to sources familiar with the matter.Private...
Chinese EV maker BYD eyes state incentives for Mexico plant
CHINESE electric vehicle (EV) maker BYD has narrowed its list of finalists for the location of a manufacturing plant in Mexico down to three states and is reviewing a...
Bank of Korea signals rate cuts as inflation, growth slow
SOUTH Korea’s central bank kept interest rates unchanged on Thursday but signalled it was ready to start easing policy as price pressures and growth eased, raising expectations for a...
Malaysian bonds set to gain most in EM Asia from treasury rally
THE sensitivity of emerging Asian bonds to Treasuries is climbing back towards its 2024 peak, with Malaysia’s debt set to be the biggest beneficiary.The 30-day correlation between EM Asia...
PwC expects six-month ban in China for Evergrande audit: report
PRICEWATERHOUSECOOPERS’ (PwC) China unit expects the Chinese government to hand down a six-month ban that will start as early as next month as part of punishment over its audit...
