Fashion
Giorgio Armani names veteran Giuseppe Marsocci new CEO as fashion house weighs potential sale
[MILAN] Giorgio Armani appointed company veteran Giuseppe Marsocci as chief executive officer as the Italian fashion house considers a potential sale following the death of its founder.Marsocci has spent...
Singapore shares dip 0.3%, even as regional markets rise
[SINGAPORE] Shares on the Singapore bourse closed lower on Thursday (Oct 16), bucking the gains charted in most regional markets.The benchmark Straits Times Index (STI) slipped 0.3 per cent,...
Nio shares plunge 13.8% after Singapore’s GIC files lawsuit
The Chinese EV maker and its top execs are being sued for ‘fraudulent recognition’ of at least US$600 million revenue[SINGAPORE] Shares of Nio tumbled as much as 13.8 per...
J&J faces first UK lawsuits alleging its baby powder caused cancer
[LONDON] Johnson & Johnson is facing the first lawsuits in Britain over allegations that its talc products cause cancer, as it fights tens of thousands of similar claims in...
Former OCBC CEO Samuel Tsien appointed as new Jardine C&C independent chairman
[SINGAPORE] Jardine Cycle & Carriage has appointed former OCBC group chief executive officer Samuel Tsien as its new independent chairman, effective Nov 11.The 71-year-old, who is currently a lead...
Garuda Indonesia appoints new CEO Glenny Kairupan
The airline also appoints Balagopal Kunduvara, a former executive of Singapore Airlines, as new CIO[JAKARTA] State airline Garuda Indonesia on Wednesday (Oct 15) appointed a new chief executive officer,...
Market sees higher ship refinancing amid conflicts between US and China
Likely beneficiaries of the spat are shipowners that are neither Chinese nor American, such as Singapore-based players[SINGAPORE] With the US levying fees on Chinese-related vessels and China retaliating with...
Singapore’s GIC seeks redemption from Jefferies’ Point Bonita
Other investors seeking redemptions include BlackRock, Morgan Stanley’s asset-management arm and Texas Treasury Safekeeping Trust[NEW YORK] Singapore’s sovereign wealth fund asked to pull some cash from a Jefferies Financial...
Spotify video podcasts are coming to Netflix
Spotify video podcasts are coming to Netflix, further diversifying the types of content on the Los Gatos, Calif.-based streaming service beyond movies, TV shows and games.The move reflects how...
Goldman Sachs profit jumps as bankers cash in on big deals
[NEW YORK] Goldman Sachs’ quarterly profit jumped more than 37 per cent on Tuesday (Oct 14) as its investment bankers earned higher advisory fees and rallying markets boosted revenue...
