Business News

Singapore-based Perx Technologies inks partnership with StarHub

Perx Technologies enables companies such as StarHub to create adaptable and flexible customer campaigns driven by customer data

Nov 27, 2019

By IBTimes SG Desk

JD.com under fire: Regulators fine Chinabank Payments over forex transactions

A penalty of 29.43 million yuan has been slapped on Chinabank Payments for being negligent that allowed users from the Chinese mainland to make illegal foreign currency transfers.

Nov 27, 2019

By R. Ghosh

Global car sales heading for steepest decline in 2019; demand for passenger vehicles continue to shrink

Global passenger car sales are expected to decline by 3.1 million units in 2019 on a year-over-year basis, steeper than the one witnessed in 2008 during global recession.

Nov 27, 2019

By R. Ghosh

Hyundai plans to capture Southeast Asian market with new plant in Indonesia; to roll out small SUVs

The company will invest $1.55 billion in the plant from now till the end of 2030 and aims to produce 150,000 units annually.

Nov 27, 2019

By R. Ghosh

Amazon to roll out medication management features for Alexa users; tries to expand footprint in the healthcare industry

The e-commerce giant has partnered with Giant Eagle and will initially roll out the feature for all Alexa users in 200 locations.

Nov 27, 2019

By R. Ghosh

Amazon prime

Asian shares gain foothold amidst tense US-China trade fall out

Despite the global slowdown of growth, US economic data showed resilience in the country's economy

Nov 26, 2019

By IBTimes SG Desk

Westpac CEO Brian Hartzer booted out after playing down money-laundering and child exploitation scandal

Hartzer, who worked earlier in ANZ and RBS, joined Westpac in 2012 and became its CEO in 2014

Nov 26, 2019

By Jacob J

Ebay to sell StubHub to rival Viagogo for $4.05 billion; ticket marketplace goes back to where it belonged

Viagogo sold StubHub to Ebay for $310 million in 2007, seven years after it was launched by Viagogo CEO Eric Baker.

Nov 26, 2019

By R. Ghosh

Amazon prime

Data breach: Facebook, Twitter warn users that some Android apps may have used their logins to steal personal data

The two apps in question are Giant Square and Photofy. A software development kit, One Audience, allowed third-party developers to get access to personal information of hundreds of users.

Nov 26, 2019

By R. Ghosh

Facebook

Amazon to open pop-up store in China; changes gameplan to capture more market share

In a bid to compete with e-commerce players in China, Amazon will open a pop-up that will remain open till the end of the year and will offer around 1,000 foreign products to Chinese customers.

Nov 26, 2019

By R. Ghosh

Amazon prime

LMVH to acquire iconic Tiffany's for $16.6 billion; to expand its luxury jewellery segment

The deal is by far the largest ever in the luxury sector and will aid LMVH in expanding it footprint in the luxury jewellery market in the United States.

Nov 26, 2019

By R. Ghosh

No 'phase two' US-China deal on the horizon, officials say

The 16-month trade war with China has thrown US businesses and farmers into turmoil, disrupted global supply chains and been a drag on economies worldwide

Nov 25, 2019

By Reuters

Novartis nearing deal to acquire The Medicines Company for $7 billion; tries to rebuild portfolio of heart-failure drugs

The Swiss pharmaceutical giant will try to add muscle to its all-important heart-failure treatment drugs category with the acquisition of the New Jersey-based company.

Nov 25, 2019

By R. Ghosh

HMD Global announces launch of new Nokia smartphone on Dec 5, exactly a year after the launch of Nokia 8.1

Industry is speculating that the new smartphone is likely to be Nokia 8.2, although chances of an improved version of 2.3 too cannot be ruled out.

Nov 25, 2019

By R. Ghosh

elon-musk-calls-british-diver-who-helped-thai-schoolboys-is-a-pedo-guy-in-twitter-outburst

Elon Musk: About 150,000 orders thus far for Tesla Cybertruck

The launch of the Cybertruck pickup suffered a setback when its "armored glass" windows shattered in a much-anticipated unveiling

Nov 24, 2019

By Reuters

Elon musk

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