KUALA LUMPUR (REUTERS) – Malaysia said audit firm KPMG has agreed to pay a US$80 million (S$108 million) settlement to resolve all claims related to their fiduciary duties on auditing […]
PARIS (BLOOMBERG) – Renault plans to eliminate 2,000 more jobs while still making nine new models in France as the struggling automaker reshapes operations in its home country and shifts […]
SINGAPORE (THE BUSINESS TIMES) – Singapore Airlines (SIA) on Thursday said that it has exhausted the $8.8 billion in gross proceeds raised from its rights issue in June last year, […]
SAN FRANCISCO (BLOOMBERG) – Technology consulting firm Thoughtworks Holding climbed as much as 40 per cent in its trading debut after raising US$773 million (S$1.05 billion) in one of four […]
SEOUL (BLOOMBERG) – South Korean regulators are set to shut down dozens of cryptocurrency exchanges in coming days, though the impact is likely to be felt only on the margins […]
MACAU (BLOOMBERG) – When investors started calling early on Wednesday morning (Sept 15) after China moved to tighten its grip on the world’s biggest gambling hub, the junket operator had […]
NEW YORK (AFP) – Wall Street stocks finished solidly higher on Wednesday (Sept 15), shrugging off a series of lacklustre sessions that had left the market primed for bargain hunting. […]
SEOUL (BLOOMBERG) – South Korean unemployment unexpectedly dropped to a record low last month as restrictions to combat the nation’s worst Covid-19 outbreak prevented job seekers from searching for work. […]
WASHINGTON (BLOOMBERG) – TikTok, the video-sharing app owned by China’s ByteDance, said it is stepping up tools to support users facing mental health issues, including redirecting potentially distressed users to suicide […]
WASHINGTON (AFP) – Republicans leaders in Congress on Tuesday (Sept 14) continued to withhold support for efforts by the Democratic majority to increase the United States debt ceiling. Treasury Secretary […]
NEW YORK (AFP) – Debt-crippled Chinese real estate giant Evergrande’s troubles are being watched closely by foreign investors, but markets do not seem to fear a major contagion, at least […]
HONG KONG (BLOOMBERG) – Hongkong Land Holdings, the biggest landlord in the heart of the Asian financial hub, signed a lease with a crypto asset firm for the first time […]
NEW YORK (NYTIMES) – The news release went out at 9.30am Eastern time on Monday (Sept 13), just as the US stock market opened. It claimed to be from Walmart […]
SINGAPORE (THE BUSINESS TIMES, REUTERS) – Grab sank deeper into the red in its second quarter, even as revenue more than doubled. South-east Asia’s ride-hailing and delivery giant cut its full-year […]
SINGAPORE – More than one in three employers – 35 per cent – surveyed in July expect to hire more in the October to December period – mostly those in the […]
NEW YORK (AFP) – US shares rebounded after a negative week, closing Monday’s (Sept 13) session higher as investors await key economic data and a Federal Reserve meeting in coming […]
BEIJING (REUTERS) – Beijing wants to break up Alipay, the hugely popular payments app owned by Jack Ma’s Ant Group, and create a separate app for the company’s highly profitable […]
SINGAPORE (THE BUSINESS TIMES, BLOOMBERG ) – City Developments (CDL) is selling its stake in Sincere Property Group for US$1, as it ends the tumultuous backing of the cash-strapped Chinese […]
HONG KONG (BLOOMBERG) – China Evergrande Group may undergo one of the country’s biggest-ever debt restructurings, if the developer’s distressed-level bond prices are any indication. It’s “almost unavoidable”, said Nomura […]
SINGAPORE – Firms that deal with furnishings and paints have reaped gains from forays into Africa. SMJ Furnishings, which started in Singapore in 1988, participated in a trade mission to […]
