Fashion
Sri Trang Gloves’ production facilities in flood-hit areas in Thailand temporarily suspended
The dual-listed group says it is working to ensure that operations continue with minimal business impact[SINGAPORE] Sri Trang Gloves said on Tuesday (Nov 25) that its manufacturing facilities in...
Rate hikes drive Japan regional banks towards mergers to survive
The lenders are facing increased competition for deposits as an inexpensive funding source with interest rates rising, and new rivals such as internet-based banks are also growing[TOKYO] Three decades...
Telefonica to cut 5,000 jobs to slash costs, union says
The cuts, affecting about a fifth of the carrier’s Spanish workforce, will apply to three Telefónica units[MADRID] Spain’s largest telecommunications operator Telefonica aims to cut at least 5,040 jobs...
Saudi Aramco weighs raising billions of dollars from its biggest disposals yet
[RIYADH] Saudi Aramco is considering plans to raise billions of dollars by selling a range of assets, people familiar with the matter said, deals that could rank as its...
Singapore beats Hong Kong in gross tonnage registered as more vessels reflag
Higher tonnage in September makes Singapore the fourth-largest ship registry in the world[SINGAPORE] The ship registry of Singapore has pulled ahead of its closest competitor Hong Kong after some...
Wingtech urges Nexperia to respond on control dispute as it appeals Dutch decision over ownership
The Dutch suspend their Nexperia intervention but but do not revoke the original Sep 30 ruling[AMSTERDAM/BEIJING] Chinese semiconductor company Wingtech on Sunday (Nov 23) has escalated its dispute with...
Investing? Look beyond the S&P 500, says The Library of Mistakes’ founder
BT exclusive: The concept dedicated to the study of financial history comes to Singapore in 2027[SINGAPORE] In the 1820s, more than 200 people sailed across the Atlantic Ocean from...
Oracle slump sends Ellison sliding down ranks of world’s richest
[NEW YORK] A frenzied, artificial intelligence (AI)-fuelled rally in Oracle stock briefly made Larry Ellison the world’s richest person in September. But a prolonged slump since then has seen...
BofA Tower gets Chicago’s biggest mortgage bond deal since Covid
[NEW YORK] A mortgage loan for Chicago’s Bank of America (BOA) Tower is being refinanced with US$700 million in bonds, a rare bright spot for the city’s beaten-down real...
Oil prices settle down at lowest in a month as US seeks Russia-Ukraine peace deal
[NEW YORK] Oil prices eased about 1 per cent on Friday (Nov 21) to settle at one-month lows as the US pushed for a Russia-Ukraine peace deal that could...
