Real Estate
China’s grey market is dominating luxury brands’ online sales
CHINA’S grey market – where brand new, authentic products are sold at steep discounts – is increasingly dwarfing some global luxury giants’ official sales channels in the country’s dominant...
Gold steady as US payrolls data takes centre stage
GOLD prices held steady on Wednesday (Sep 4) as investors braced for a monthly US payrolls report that could influence the size of a likely interest rate cut this...
SIA checking Rolls-Royce engines in A350 planes after Cathay cancels dozens of flights
SINGAPORE Airlines (SIA) said on Tuesday (Sep 3) it is inspecting the Rolls-Royce Trent XWB-84 engines in its fleet of A350-900 planes as a precaution after Hong Kong’s Cathay...
US safety commissioners call for investigation into Shein, Temu
TWO leaders of the US Consumer Products Safety Commission are calling for the agency to investigate e-commerce retailers Shein and Temu after “deadly baby and toddler products” were sold...
Tesla gets outsold in Spain by upstart Chinese car brand Omoda
CHERY Automobile’s Omoda outsold Tesla, Jeep and Fiat in Spain last month, a promising sign for the Chinese automaker’s ambitious push into Europe.Omoda sold 744 new cars in Spain...
US fines ratings agencies for ‘significant’ record-keeping failures
THE US market regulator charged and fined six major ratings agencies on Tuesday (Sep 3), including Moody’s, S&P and Fitch, over what it called “significant record-keeping failures”.The six agencies...
US: Nasdaq ends down 3.3%, concluding rough day for stocks
THE Nasdaq index slumped more than three per cent on Tuesday as Nvidia and other semiconductor equities retreated ahead of key jobs data later in the week.The tech-focused Nasdaq...
Silverlake Axis should ask IFA to push the boundaries in assessing take-private offer
This will underscore the board’s independence on the matter, and signal its confidence in the value creation capacity of the companyTake-private deals are not uncommon in the Singapore market,...
