NEW YORK (BLOOMBERG) – A global rout in stock markets sparked by concerns over China Evergrande Group hit the world’s biggest fortunes on Monday (Sept 20), with the richest 500 […]
BERLIN (AFP) – Europe’s largest airline group Lufthansa, hit hard by the coronavirus pandemic, said Sunday (Sept 19) it would seek to raise more than two billion euros with a […]
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, […]
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 […]
NEW YORK (BLOOMBERG) – Singapore’s Sea Ltd fell in postmarket trading on Wednesday (Sept 8) after launching the largest secondary offering of 2021 to date. The online gaming and e-commerce […]
SHANGHAI (REUTERS) – China’s Alibaba Group Holding will invest 100 billion yuan (S$20.8 billion) by 2025 in support of “common prosperity”, it said, becoming the latest corporate giant to pledge […]
HONG KONG (REUTERS) – Mingling with power brokers at celebrations to mark the centenary of the Chinese Communist Party on July 1, a beaming Hui Ka Yan showed no signs […]
MAHARASHTRA (BLOOMBERG) – Ride-hailing startup Ola has selected banks including Citigroup Inc. and Kotak Mahindra Bank Ltd. to manage its Mumbai initial public offering that could raise about US$1 billion, […]
BENGALURU (REUTERS) – Zoom Video Communications Inc posted its first billion-dollar revenue quarter but signaled a faster-than-expected easing in demand for its video-conferencing service after a pandemic-driven boom, sending its […]
TOKYO (BLOOMBERG) – Japan’s Denso Corp is gunning for the title of top-selling automotive parts supplier by stoking its electrification push with a bond sale and setting aside hundreds of […]
(BLOOMBERG) – Mr Byron Trott, consigliere to some of the world’s wealthiest families, doesn’t like being called the billionaires’ banker. After all, the 62-year-old is a billionaire himself. Mr Trott, […]
SINGAPORE – Sembcorp Marine has announced a $1.5 billion renounceable rights issue. This is to strengthen its balance sheet after the company was badly bruised by a recession in the […]
STOCKHOLM (REUTERS) – As Klarna’s billionaire founder Sebastian Siemiatkowski prepares to stage one of the biggest-ever European fintech company listings, a feast of capitalism, he credits an unlikely backer for […]
BENGALURU (REUTERS) – Hong Kong-based ESR Cayman will buy the entire share capital of real estate fund manager ARA Asset Management for US$5.2 billion (S$7 billion), the companies said on […]
SINGAPORE – DBS Group Holdings posted on Thursday (Aug 5) a 37 per cent jump in second-quarter net profit to a quarterly record of $1.7 billion amid higher fee income […]
SINGAPORE (THE BUSINESS TIMES) – UOB’s net profit for its second quarter rose 42 per cent, as more economies reopened and as it posted lower credit allowance, it said on […]
SAN FRANCISCO (REUTERS) – Square will purchase buy now, pay later (BNPL) firm Afterpay for about US$29 billion (S$39.3 billion) in Australia’s biggest-ever buyout, creating an online payments giant to […]
SYDNEY (REUTERS) – Star Entertainment Group said it has withdrawn its all-stock proposed takeover of larger rival Crown Resorts, valued at A$9 billion (S$9 billion), on Friday (July 23) over […]
NEW YORK (NYTIMES) – Facebook is setting up a programme to pay US$1 billion (S$1.35 billion) to creators through the end of 2022, Mark Zuckerberg, Facebook’s chief executive officer, said […]
US, Jun 30, 2021 – (ACN Newswire via SEAPRWire.com) – News flows the past week has centred around BTC’s big flash dip and about how long-term investors are taking the […]
