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China’s consumer slump claims another victim as Shiseido profit slides
SHISEIDO became the latest victim on Friday (Feb 9) of a slowing Chinese economy that has battered earnings at many global consumer goods companies, when the Japanese cosmetics maker...
China January new bank loans hit record high on policy support
NEW bank loans in China jumped by more than expected to an all-time high in January, as the central bank moves to shore up the sputtering economy. Policymakers have...
Barclays buys Tesco bank for £600 million
BARCLAYS said it will acquire Tesco’s banking business as the lender seeks to establish a greater foothold in retail banking in the UK. Barclays is expecting to pay about...
Hermes sales jump as Birkin bag maker weathers luxury slowdown
HERMES sales surged at the end of last year as the Birkin bag maker weathered the slowdown in demand for luxury goods with its unique model driven by scarcity....
Food Empire subsidiary files police report after uncovering false claims
A SUBSIDIARY of food and beverage manufacturer Food Empire has filed a police report in Malaysia after it discovered that a junior staff had made false claims for cash...
New highs for Nikkei, nervous new year break for China
JAPANESE shares hit 34-year highs on Friday (Feb 9) as world stocks eyed a third week of gains, while adjustments to interest rate expectations sent the yen to a...
Straco Corporation expects a ‘substantial’ net profit for FY2023
TOURISM facilities operator Straco Corporation is expected to report a substantial net profit for its 2023 financial year. The company, which operates the Singapore Flyer, provided a profit guidance...
Blackstone-owned Crown Resorts clears CEO of law breach allegations
BLACKSTONE-OWNED Crown Resorts has cleared CEO Ciaran Carruthers after investigating an allegation that he had overruled the Australian casino operator’s security officers over banning intoxicated customers. Crown Resorts had...
