Fashion
Hong Leong Asia unit’s director and ex-chief accountant detained in China
[SINGAPORE] The director and former chief accountant of China Yuchai International (CYI) have been detained by Chinese authorities.Hong Leong Asia, which holds a 48.7 per cent stake in the...
Dollar wavers with politics, credit risks and trade tensions in the spotlight
THE dollar edged up against the yen but was flat versus the euro on Monday (Oct 20) as investors shifted their focus to political developments in Japan and the...
Global companies hit by more than US$35 billion in US tariffs, but outlook stabilising
GLOBAL companies have flagged more than US$35 billion in costs from US tariffs heading into third-quarter earnings, but many are lowering their initial forecasts as new trade deals reduce...
Emirates NBD plans to invest US$3 billion in India’s RBL Bank
[MUMBAI] Emirates NBD bank will invest as much as US$3.1 billion in India’s RBL Bank in the biggest foreign investments in the country’s financial sector and underscoring growing overseas...
Kering agrees to sell beauty division to L’Oreal in partnership
[PARIS] Kering SA agreed to sell its beauty division to L’Oreal SA as part of a long-term strategic alliance, with chief executive Luca de Meo seeking to turn around...
Dublin office woes hit private equity firms from Blackstone to Brookfield
The city’s vacancy rate has doubled in the last six years, exceeding the 10% reached in Paris and 8% in London and LisbonA PARTIALLY empty, five-story building close to...
Drew & Napier to sue Switzerland over Asia losses on AT1s
ONE of Singapore’s biggest law firms is set to file claims against the Swiss government by the end of the year, seeking compensation for hundreds of Asian bondholders of...
Porsche’s new CEO is a luxury leader big on hybrids
The 911 maker is preparing to launch an electric version of the Cayenne in the coming months[BERLIN] Porsche named Michael Leiters its next chief executive officer, tapping a German...
China rare-earth product exports shrink as US frictions flare
[SINGAPORE] China’s exports of rare earth products fell in September from a month earlier, as Beijing’s tighter controls on strategic minerals ripple through global supply chains and heighten tensions...
Malaysia says multilateral power deal delayed by Thai politics, renewal expected next month
[KUALA LUMPUR] Thailand has delayed renewing a South-east Asian multilateral power trade deal due to local political changes, Malaysia’s energy minister said on Friday (Oct 17).The Lao PDR-Thailand-Malaysia-Singapore (LTMS)...
