News
US firm Firefly makes its first moon landing with uncrewed Blue Ghost spacecraft
FIREFLY Aerospace succeeded in its first attempt to land on the Moon with its uncrewed Blue Ghost spacecraft on Sunday (Mar 2), kicking off a two-week research mission as...
How far can the Hang Seng Tech Index rise with AI and Beijing’s private-sector shift?
THE Hang Seng Tech Index Futures contract is based on the Hang Seng Tech index (HST), which tracks the 30 largest tech stocks listed in Hong Kong. HST saw...
CDL bypass of nominating committee ‘unusual’, goes against spirit of corporate governance rules: observers
Court can determine if directors’ appointments are in accordance with company’s constitution THE appointment process for two of City Developments Ltd’s (CDL) directors as well as the dismantling of...
Australia’s Star Entertainment expects rescue offers, warns earnings may miss deadline
AUSTRALIAN cash-strapped casino operator Star Entertainment said it expects to receive bailout offers on Friday but warned it might not be able to file its first-half earnings which should...
Blackstone’s Schwarzman takes home more than US$1 billion in pay and dividends
BLACKSTONE chief executive officer Steve Schwarzman collected just over US$1 billion in pay and dividends in 2024, putting the spotlight on the billionaire’s wealth just as Washington takes aim...
China’s Zara tries going global in hopes of Shein-like success
FAST-FASHION retailer Shein blazed a trail for Chinese companies in the US and European markets. Now, another China-based apparel brand wants to replicate its success.With more stores than Inditex...
More tech layoffs hit Bay Area, as HP, Autodesk announce job cuts
Another round of layoffs hit the Bay Area’s volatile tech industry.HP Inc. plans to lay off up to 2,000 more employees as the company looks for ways to slash...
CDL chief Sherman Kwek’s denial of coup attempt ‘misses the point’: Kwek Leng Beng
CITY Developments Ltd (CDL) chairman Kwek Leng Beng has alleged that his son’s denial of an attempt to oust him “misses the point”, in yet another twist to the...
US: Wall St opens subdued after in-line inflation data
WALL Street’s main indexes had a subdued start on Friday (Feb 28) after data showed inflation rose as expected in January, while concerns that US President Donald Trump’s policies...
AirAsia owner Capital A swings to annual loss on forex losses, expects profitability in 2025
Capital A swung to an attributable loss of RM475.1 million (US$106.5 million) in 2024, from a profit of RM255.3 million in the previous yearMALAYSIA’S Capital A Berhad, owner of...
