Fashion
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...
ASL Marine soars up to 9.3% on share placement; Yangzijiang Shipbuilding falls as much as 3.7% on port fees
The shipbuilders are subject to contrasting investor views on their fortunes.[SINGAPORE] Shares of ASL Marine surged as much as 9.3 per cent on Tuesday (Oct 14), while those of...
Oil settles higher as US, China try to de-escalate trade tensions
The Organization of the Petroleum Exporting Countries has kept its relatively high global oil demand growth forecasts unchanged for this year and next[NEW YORK] Oil prices rose on Monday...
