Fashion
ECB reviews claims Deutsche Bank downplayed financial risks
It underplayed risks in its balance sheet and gave misleading picture of its financial health[BRUSSELS] The European Central Bank is examining claims that Deutsche Bank underplayed risks in its...
UK’s Domino’s Pizza CEO steps down as strategy shift takes hold
The move comes as the chain broadens its focus beyond core pizzas to drive growth in a tough market[LONDON] Britain’s Domino’s Pizza Group said on Tuesday (Nov 25) that...
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...
ABN Amro to cut 5,200 jobs by 2028
[AMSTERDAM] ABN Amro Bank outlined a plan to cut 5,200 full-time roles by 2028 as new chief executive officer Marguerite Berard unveiled her vision for the lender.The Dutch bank...
CDL sells 14 billion yen Osaka hotel to Blackstone-managed real estate funds
The proposed divestment aligns with the real estate company’s capital recycling and portfolio optimisation efforts [SINGAPORE] City Developments Limited (CDL) is proposing to divest a hotel in Osaka, Japan,...
CDL to sell Osaka hotel for 14 billion yen to Blackstone funds
The proposed divestment aligns with the real estate company’s capital recycling and portfolio optimisation efforts [SINGAPORE] City Developments Limited (CDL) is proposing to divest a hotel in Osaka, Japan,...
WeRide trims losses as China’s robotaxi race gains momentum
The company currently holds autonomous driving permits in eight countries, the most out of all robotaxi players in the region[HONG KONG] WeRide narrowed its third-quarter net loss on increased...
Syngenta is said to mull Hong Kong IPO after Shanghai pulled
A big chunk of the offerings come from Chinese companies pursuing a second listing in the city to help support their overseas expansion[HONG KONG] Syngenta Group is considering an...
Citigroup India nears US$1 billion book of asset backed securities
While securitisation deals are common in developed economies, the country’s market is still nascent [MUMBAI] Citigroup’s India unit has more than doubled its asset-backed securities book to nearly US$1...
Trump signs ‘Genesis Mission’ order to boost innovation with AI
[WASHINGTON] US President Donald Trump signed an executive order on Monday (Nov 24) establishing the “Genesis Mission”, a federal effort to boost innovation using artificial intelligence (AI), the latest...
