Fashion
J&J to buy Halda Therapeutics in US$3.05 billion cash deal
[NEW YORK] Johnson & Johnson has agreed to buy the cancer treatment biotech Halda Therapeutics for US$3.05 billion cash, part of a strategy to cope with eroding sales for...
AirAsia X plans new long-haul European routes
[ISTANBUL] Malaysian low-cost carrier AirAsia X, which recently launched flights to Istanbul, is planning to establish more long-haul routes to Europe sometime next year, its CEO Benyamin Ismail told...
L’Oréal buys second Chinese skincare stake as C-Beauty brands snare market share
[BEIJING] Cosmetics giant L’Oreal said on Monday (Nov 17) it has taken a minority stake in mass-market Chinese skincare brand Lan, marking its second investment in recent months in...
Gold firms as investors focus on US data for more Fed cues
Traders are currently pricing in a 46% probability of a quarter-point Fed rate cut next month, down from 50% last week[BENGALURU] Gold prices inched higher on Monday (Nov 17)...
Airbus says Middle East regional aircraft to more than double by 2044
[DUBAI] Airbus expects the Middle East’s regional aircraft fleet to more than double to 3,700 planes by 2044, an official said on Sunday (Nov 16).The European planemaker expects passenger...
Luxury houses eye India, but barriers remain
India, with 1.4 billion people, offers “a promising market, but still a complicated one”[MUMBAI] The globe’s biggest luxury brands have dreamt of India’s vast consumer base for decades, but...
Tan Kok Huat, CEO of Reclaims Global, boosts stake
Financial services and telecommunications booked the most net institutional inflow for the week of Nov 7 to 13[SINGAPORE] Over the five trading sessions from Nov 7 to 13, institutions...
Vietnam’s EV boom: VinFast buys first, mass adoption follows
Domestic brands lead Vietnam’s EV market despite intense competition and limited government incentives[HO CHI MINH CITY] Vietnam is enjoying its position at the top as one of Asia’s biggest...
US jury says Apple must pay Masimo US$634 million in smartwatch patent case
A FEDERAL jury in California said on Friday(Nov 14) that Apple owes medical-monitoring technology company Masimo US$634 million for infringing a patent covering blood-oxygen reading technology.The jury agreed with...
Buffett acquires US$4.9 billion stake in Google parent Alphabet
WARREN Buffett’s Berkshire Hathaway acquired 17.9 million shares of Google parent Alphabet during the third quarter, while further trimming its holdings in Bank of America and Apple.Berkshire’s Alphabet stake,...
