MILAN (REUTERS) – Ferrari, the sports car maker synonymous with roaring petrol engines, welcomes the shift to electric powertrains and is confident of retaining its …
Asia’s mobility industry is driving into the future
SINGAPORE – Once a niche sector for investors, the global pandemic has lit a fire under the sustainable investing market. Inflows into environmental, social and …
South Korea’s inflation quickens as central bank mulls rate hike
(Bloomberg) – South Korea’s inflation unexpectedly climbed last month as the central bank prepares to meet on rates amid the nation’s worst coronavirus outbreak yet. …
Great Eastern Q2 profit falls 22% to $232.2 million amid less favourable market conditions
SINGAPORE (THE BUSINESS TIMES) – Great Eastern Holdings on Monday (Aug 2) posted a net profit of $232.3 million for the second quarter ended June …
Keppel makes $3.4 billion offer to take SPH private after media business is hived off
SINGAPORE – Keppel Corp is proposing to acquire Singapore Press Holdings (SPH) through a $3.4 billion privatisation offer after the hiving off of SPH’s media …
China seeks more communication with US on overseas IPOs
BEIJING (BLOOMBERG) – China’s securities regulator called for talks with its American counterpart after the United States Securities and Exchange Commission (SEC) halted the initial public …
Work from home is spurring some to retire early
(NYTIMES) – For Ms Mona Janochoski, a chemist who ran a laboratory, working from home during the coronavirus pandemic was the deciding factor. It was …
Singdollar recovers from recent dip, but outlook still weak
SINGAPORE – The Singapore dollar has bounced back to the level it held about two weeks ago after recovering from a slew of negative factors …
Amazon forecast falls short as Covid-19 online shopping bump fades
SEATTLE (BLOOMBERG) – Amazon.com emerged as the essential store for homebound shoppers during the coronavirus pandemic, propelling its sales and profits to new highs. Now, the …
Robinhood, gateway to ‘meme’ stocks, raises $2.85 billion in IPO: Source
NEW YORK (REUTERS) – Robinhood Markets, the owner of the trading app which emerged as the go-to destination for retail investors speculating on this year’s …
mm2 Asia gets offer for Cathay cinema business from Kingsmead Properties
SINGAPORE – Singapore-listed mm2 Asia announced on Wednesday (July 28) that it has received an offer for its Cathay cinema business from local financial investment …
CapitaLand Integrated Commercial Trust posts first-half DPU of 5.18 cents as revenue doubles post-merger
SINGAPORE (THE BUSINESS TIMES) – CapitaLand Integrated Commercial Trust (CICT), formerly known as CapitaLand Mall Trust, has posted a 75 per cent increase in distribution …
Ascott Residence Trust almost doubles first-half DPS despite 11% revenue drop
SINGAPORE (THE BUSINESS TIMES) – CapitaLand subsidiary Ascott Residence Trust (ART) on Tuesday (July 27) reported a 95 per cent increase in its distribution per …
Temasek prices US$2.5 billion bonds; three-tranche offering oversubscribed
SINGAPORE (THE BUSINESS TIMES) – Temasek Financial I (TFin-I) has priced its US dollar (USD) three-tranche offering of 10, 20 and 40-year guaranteed bonds, which …
Raffles Medical H1 profit more than doubles to S$39.4m
SINGAPORE (THE BUSINESS TIMES) – Raffles Medical on Monday announced a net profit of S$39.4 million for the six-month period ended June 30, 2021, more …
Japan’s July factory activity grows at slowest pace in 5 months
TOKYO (REUTERS) – Japan’s factory activity expanded at the slowest pace in five months in July, a private sector survey showed on Monday, underscoring the …
India reports first human death from bird flu
NEW DELHI (REUTERS) – An 11-year-old boy has died in India from a bird flu virus of the H5N1 strain, the first such fatality in …
London staff want big pay rises to return to office, survey says
LONDON (BLOOMBERG) – London office workers want an average pay rise equivalent to the cost of some annual railway season tickets to return to their …
Oil declines after OPEC+ agrees to boost production into 2022
NEW YORK (BLOOMBERG) – Oil eased after OPEC+ agreed to boost production into 2022, resolving an internal dispute that had shaken the alliance. Brent crude …
Are workers more creative in the office?
(NYTIMES) – When Yahoo banned working from home in 2013, the reason was one often cited in corporate America: Being in the office is essential …