HBC, the owner of Saks Fifth Avenue, said on Friday it would launch the luxury department store's e-commerce segment as a separate business following a US$500 million infusion from Insight Partners, a U.S. private equity firm, in the online business.
During several days of brutal cold in Texas, the city of Austin saw its fleet of 12 new electric buses rendered inoperative by a statewide power outage. That problem will be magnified next year, when officials plan to start purchasing electric-powered vehicles exclusively.
A group of U.S. lawmakers will visit an Amazon.com Inc facility in Alabama on Friday, lending their support to a growing push to unionize workers at the e-commerce firm.
THE Monetary Authority of Singapore (MAS) on Friday announced new senior management appointments as its head of financial supervision Ong Chong Tee leaves.
Cryptocurrency trading volumes soared by 17per cent last month in the wake of Tesla's US$1.5 billion bitcoin bet, with larger exchanges taking a growing share of the overall volumes, data showed on Friday.
U.S. grocery delivery app Instacart is considering going public through a direct listing, concerned that it could leave money on the table through a traditional initial public offering (IPO), according to people familiar with the matter.
BEIJING: China will invest more in coal to power its economy over the next five years, according to a government plan released Friday (Mar 5) that only modestly increased renewable ambitions. Environmentalists had been hoping China's five-year national development plan, unveiled at its annual ...
SYDNEY: An Australian court upheld a landmark class-action lawsuit against Johnson & Johnson for "negligent" marketing of pelvic mesh implants on Friday (Mar 5), paving the way for thousands of women to receive compensation in a costly setback for the US pharma giant. Johnson & Johnson had ...
ZURICH: Switzerland votes Sunday (Mar 7) on a free trade deal with Indonesia but the agreement, which opens up a vast potential market, could slip up over the issue of palm oil imports. Under the deal, tariffs would be gradually removed from almost all of Switzerland's biggest exports to the...
ZURICH: Credit Suisse is winding down its supply chain finance funds which held most of their roughly US$10 billion in notes backed by beleaguered Greensill Capital, it said on Friday (Mar 5). "The fund boards have now decided to terminate the funds. Credit Suisse Asset Management's priority is to ......
