Fashion
US debt load could undercut Warsh‘s plan to shrink Fed balance sheet
[WASHINGTON] Incoming Federal Reserve chief Kevin Warsh‘s plans to shrink the US central bank’s “footprint” in financial markets could be constrained by rising federal debt and the potentially lost luster...
H&M lays off staff in Singapore, moves regional headquarters to Malaysia
Published Fri, May 15, 2026 · 10:15 PM[SINGAPORE] Swedish fashion retailer H&M has laid off staff in Singapore as it relocates its South-east Asian headquarters from Singapore to Kuala...
Wall St down at open as yields jump on inflation worries
Published Fri, May 15, 2026 · 09:44 PM[NEW YORK] Wall Street indexes opened sharply lower on Friday (May 15), as inflation fears triggered by the Middle East conflict drove...
Starbucks cuts 300 US corporate jobs and closes some regional offices
It’s also reviewing its international support organisations and expects more job cuts outside the USPublished Fri, May 15, 2026 · 09:25 PM[WASHINGTON] Starbucks is laying off 300 US corporate...
Samsung executives make rare union visit as strike fears mount
Published Fri, May 15, 2026 · 08:58 PMSAMSUNG Electronics’ top management made a rare visit to leaders of the company’s largest labour union late Friday in an effort to...
SingLand buys out UOB’s stake in Novena Square JVs for S$299 million
The move will enhance SingLand’s share of recurring income from a stabilised asset, the company says[SINGAPORE] Property player Singapore Land Group (SingLand) has purchased UOB’s shares in two entities...
Keppel inks further Bifrost deal with Telstra, in ‘advanced’ talks with more customers
[SINGAPORE] Asset manager Keppel on Friday (May 15) announced a definitive 25-year deal with the global arm of Australian telco Telstra for a fibre pair on the Bifrost Cable...
SIA Group passenger traffic rises 7% in April
Singapore Airlines and Scoot carried a total of 3.6 million passengers, a 7.5% year-on-year increase[SINGAPORE] Singapore Airlines (SIA) Group’s passenger traffic grew 7 per cent year on year in...
UOL to buy out UOB stake in former Faber House for S$68 million amid Nomad Hotel rebuild
[SINGAPORE] Property developer UOL on Friday (May 15) inked a deal to purchase the interest it does not already own in the Orchard Road property formerly known as Faber...
Japan’s biggest banks expect another year of record profit
They project earnings will scale new heights as rising interest rates spur loan profitabilityPublished Fri, May 15, 2026 · 06:51 PM[TOKYO] Mitsubishi UFJ Financial Group and Mizuho Financial Group...
