Monday, 13 Jan 2025

Business

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Tech stocks drive Nasdaq to higher close, as hawkish Fed limits S&P

(Reuters) – Conviction in the strength of the economic recovery pushed investors into U.S. technology stocks on Thursday, driving the Nasdaq higher, although a post-Fed hangover limited a subdued S&P.FILE PHOTO: The New York Stock Exchange is pictured in the Manhattan borough of New York City, New York, U.S., April 16, 2021. REUTERS/Carlo Allegri/File PhotoThe […]

Creditor files to wind up Park Hotel Management

SINGAPORE – A winding up application has been filed against Park Hotel Management Pte Ltd, which until recently owned Singapore-based Park Hotel Group, a hospitality company chaired by Hong Kong billionaire Law Kar Po. ST understands that the issue behind the application, which was advertised in The Straits Times on June 16, involves alleged unpaid […]

Scotch whisky raises a glass as US trade dispute suspended

A deal to resolve a trade dispute over aircraft subsidies for at least five years has been cheered by Scotch whisky producers who were slapped with tariffs under the row. Tariffs were imposed on single malt by the Trump administration in 2019, despite the industry not being part of the historic spat over state support […]

Euronext examining glitches on derivatives contracts

FILE PHOTO: The Euronext logo is seen at the financial and business district of La Defense, amid the outbreak of the coronavirus disease (COVID-19), in Paris, France, November 10, 2020. REUTERS/Benoit Tessier/File photoPARIS (Reuters) – Pan-European financial markets operator Euronext said on Thursday that it was investigating technical glitches which had affected its index derivatives. […]

Victoria’s Secret Swaps Angels for ‘What Women Want.’ Will They Buy It?

The embattled lingerie giant is attempting the most extreme brand turnaround in recent memory: an effort to redefine not just itself but also the very idea of what “sexy” is. The VS Collective includes women famous for their achievements and not their proportions, like the soccer star and gender equality advocate Megan Rapinoe.Credit…Ryan Pfluger Supported […]

Taiwan Wants German Vaccines. China May Be Standing in Its Way.

The two sides have traded accusations about whether political motivations are keeping the Taiwanese people from receiving immunizations amid the island’s first major Covid-19 outbreak. By Raymond Zhong and Christopher F. Schuetze TAIPEI, Taiwan — This is the age of “vaccine diplomacy.” It is also the era of its bitter, mudslinging opposite. For months, Taiwan […]

Gallagher acquisition heralds animal management technology game changer

Global technology innovator Gallagher Group has fully acquired virtual fencing company Agersens en route to commercialising what it calls the biggest technology improvement the animal management industry has seen in decades. Melbourne-based Agersens developed the e-Shepherd, a collar which allows farmers and graziers to control the location and movement of cattle without fencing, using a […]

Digital euro might suck away 8% of banks' deposits – Morgan Stanley

LONDON (Reuters) – A digital euro could suck away 8% of euro zone banks’ customer deposits, analysts at Morgan Stanley have estimated, although the share may be far higher in some of the smaller countries in the 19-nation bloc.FILE PHOTO: The headquarters of the European Central Bank (ECB) in Frankfurt, Germany, March 12, 2016. REUTERS/Kai […]

Wall Street dips as data, Fed meeting keep investors wary

(Reuters) – The three benchmark U.S. indices traded lower on Tuesday after the S&P 500 briefly hit another record intraday high, with investor sentiment hit by a strong inflation reading for May as the Federal Reserve sat down for its latest policy meeting.FILE PHOTO: The New York Stock Exchange is pictured in the Manhattan borough […]

Design-minded Companies Come Together to Create Opportunities for Black Designers and Students

Nineteen interdisciplinary design companies and leaders in the field have banded together to launch an initiative to create a more diverse community and offer opportunities. Kickstarted by the Herman Miller Group and codeveloped by the company’s senior vice president of strategic projects Mary Stevens and Caroline Baumann, the former director of the Cooper-Hewitt Smithsonian National […]