Lifestyle
Barclays to sell US$1.1 billion of US credit card debt to Blackstone
BARCLAYS has agreed to sell about US$1.1 billion of credit card debt in the United States to Blackstone, in a...
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Maersk says Red Sea disruptions could last into second half of 2024
DENMARK’S Maersk on Tuesday (Feb 27) told its clients in a statement that they should prepare for disruptions in the...
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Frencken’s H2 net profit down 20.7% to S$20.4 million; numbers show recovery from H1 despite tech downturn
SEMICONDUCTOR and machine manufacturer Frencken Group posted a 20.7 per cent decrease in its net profit for the half year...
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US retailer Macy’s forecasts annual sales below estimates, to shutter 150 stores
MACY’S forecast annual sales largely below market expectations on Tuesday (Feb 27) on weak demand for its apparel and shoes,...
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Sinarmas Land’s H2 net profit down 24.6 per cent; further slowdown expected this year
SINARMAS Land posted on Tuesday (Feb 27) a net profit of S$163 million for the six months ended Dec 31,...
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SBS Transit H2 profit up 2.7% as public transport operating profit grows 10.3%
TRANSPORT operator SBS Transit posted a 2.7 per cent rise in net profit to S$34.3 million for its fiscal second...
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Puma sees sneaker demand picking up in second half of year
PUMA sees demand for sneakers and sports gear picking up in the second half, building on major sporting events like...
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First China-made international jet could gain ground in Asia-Pacific on Airbus, Boeing delays: observers
THE first major China-made passenger jet – Commercial Aircraft Corporation of China’s (Comac) C919 airliner – could gain ground in...
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Alibaba’s South Asian e-commerce giant Daraz announces layoffs in memo
ALIBABA-owned e-commerce platform Daraz Group has announced layoffs across the group to “adopt a more streamlined and agile structure”, acting...
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Malaysian ringgit undervalued, central bank says
MALAYSIA’S central bank on Tuesday (Feb 27) said the ringgit currency, which briefly hit a 26-year-low last week, is undervalued...
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