Fashion
FTX to distribute US$5 billion in next round of creditor payments
Published Fri, May 16, 2025 · 07:06 AM[NEW YORK] Advisers overseeing the bankruptcy of former cryptocurrency firm FTX are preparing to distribute another US$5 billion to company creditors, in...
Walmart shoppers to face price hikes as Trump tariffs hit
WALMART, the world’s largest retailer, will have to start raising prices later this month due to the high cost of tariffs, executives said on Thursday, in a clear signal...
Microsoft layoffs hit its Silicon Valley workforce
Microsoft is slashing its Silicon Valley workforce.The tech giant, which is based in Washington but also has Bay Area offices, is cutting 122 positions in Silicon Valley, according to...
Amara loses free float, trading to be suspended
[SINGAPORE] The mandatory cash offer for hotel group Amara by a consortium led by property company Hwa Hong has turned unconditional. As at 6 pm on Thursday (May 15),...
NetLink NBN Trust’s net profit slips 6.9% to S$46.9 million for H2 FY25
[SINGAPORE] Internet service provider NetLink NBN Trust posted a 6.9 per cent decrease in net profit to S$46.9 million for the second half ended Mar 31, 2025.NetLink’s earnings were...
Coinbase expects up to US$400 million hit from cyberattack
The company says the attackers stole some data including names, addresses and emails, but they did not get access to login credentials or passwordsPublished Thu, May 15, 2025 ·...
IEA predicts slower oil demand growth for the rest of 2025
[LONDON] The International Energy Agency (IEA) said on Thursday (May 15) that economic headwinds combined with record sales of electric vehicles will slow global oil demand growth for the...
Singtel’s new 5G+ Priority plans are key for its premium customer push
[SINGAPORE] Premium customers remain top of mind for Singtel with new 5G+ Priority plans.
The new plans promising faster streaming speeds and priority access to the network were launched...
Shein to set up huge Vietnam warehouse in US tariff hedge: sources
[HANOI/SHANGHAI] Fast-fashion online retailer Shein is leasing a huge warehouse in Vietnam, its first in the country, in a move that could reduce its exposure to unpredictable US-China trade...
SGX RegCo consults on regulatory changes to streamline IPO rules
[SINGAPORE] Listed issuers on the Singapore Exchange (SGX) will be expected to take on a more proactive role in providing timely and relevant disclosures, focusing on material information rather...
