SINGAPORE (BUSINESS TIMES) – It has been a long time coming for battered investors but the local market finally touched the 3,000-point level on Thursday (Jan 14). Traders looking to a big-spending package from United States President-elect Joe Biden helped drive the Straits Times Index up 0.76 per cent or 22.49 points to close dead on 3,000. This is the first […]

The owner of Primark has warned it faces losing over £1bn in sales if coronavirus lockdowns force the majority of its stores to remain closed through February. The store-only discount fashion retailer, which has traded well from pent-up demand during the COVID-19 crisis to date when restrictions have allowed, said it was clearly facing a “significant” financial hit. Parent firm […]

MILAN — Broken-hearted brides and grooms rejoice, 2021 might be a good one to get married — pandemic permitting. On Wednesday the Pronovias Group, the bridal powerhouse based in Barcelona, announced a partnership with Carlo Pignatelli, the Made in Italy groomswear brand, that will allow the group to enter the men’s category. This will “cement our reputation as the ultimate […]

SINGAPORE (THE BUSINESS TIMES) – SPH Reit has declared a first-quarter distribution per unit (DPU) of 1.2 Singapore cents, down from 1.38 Singapore cents in the year-ago period. The lower DPU, down by 13 per cent year on year, was “in line with the gradual Covid-19 recovery in both Singapore and Australia”, said the manager in an interim business update […]

(Reuters) – Apple Inc on Wednesday said it was putting $60 million into a fresh round of projects aimed at challenging systemic racism, including its first foray into venture capital funding to back entrepreneurs of color. Apple said it would invest $10 million in a fund with Harlem Capital, a New York-based early-stage venture firm, with the goal of helping […]

ASOS, the online fashion retailer, has reported a surge in sales over the Christmas season amid coronavirus disruption to the high street but warned it expects a financial hit from Brexit-related costs ahead. The company said the strength of its performance over the four months to 31 December meant it now expected that profits would be at the top of […]

Entrepreneur Tony Falkenstein is back from his “lost decade” and driving his latest company, Just Life Group, toward $100 million turnover. He looks back at 2020, and earlier, and forward to the New Year. What was the first job you ever had? My first part-time job was as an 8-year-old, delivering the Herald. The Herald bag was strung over the […]

(Reuters) – Wall Street’s main indexes inched higher on Tuesday ahead of the start of corporate America’s reporting season that could signal a rebound in earnings, while General Motors’ shares jumped on launching an electric delivery vehicle business.FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., November 24, 2020. REUTERS/Brendan McDermidThe […]

Gold joined Neiman Marcus Stores in 1991 and steadily advanced up the ranks through the buying and stores organizations, becoming Vice President of Neiman Marcus Last Call in 1997. Three years later, he was named vice president, divisional merchandise manager, women’s designer sportswear. In 2002, he was promoted to senior vice president, general merchandise manager over men’s, cosmetics and fragrances. He was appointed […]