HONG KONG (BLOOMBERG) – Hong Kong’s on-demand logistics and delivery firm Lalamove has filed confidentially for a US initial public offering, according to people with …
Yangzijiang gets new orders for 14 vessels worth $962 million
SINGAPORE (THE BUSINESS TIMES) – Yangzijiang Shipbuilding on Wednesday (June 24) announced that it had recently secured agreements to build and deliver 14 vessels with …
Hong Kong’s accountants push back after government power grab
HONG KONG (BLOOMBERG) – The staid accounting profession is the latest to be rattled by the chaotic changes sweeping through Hong Kong. The government, via …
Bitcoin bounces back after tumbling below US$30,000 threshold
NEW YORK (BLOOMBERG) – Bitcoin whipsawed investors by tumbling below US$30,000 for the first time since January and erasing gains for the year before recouping …
Fed chief offers more assurances on US economy despite inflation
NEW YORK (AFP) – The United States economy remains on a positive trajectory even as it contends with higher inflation, according to congressional testimony released …
Nasdaq rallies, Dow falls in post-Fed rotation
NEW YORK (AFP) – Wall Street investors shifted their patterns on Thursday (June 17), buying technology giants and shunning financial and energy equities as long-term …
Alphabet’s Waymo raises US$2.5b in first fresh funding in a year
BERKELEY, BENGALURU (REUTERS) – Alphabet’s self-driving unit Waymo said on Wednesday it has raised US$2.5 billion (S$3.34 billion) in its first fresh funding round in …
Work-from-home boom risks loss of 6 million UK professional jobs
LONDON (BLOOMBERG) – One in five jobs based in the UK could be outsourced to other countries in the wake of the coronavirus pandemic, threatening …
Singapore car marketplace Carro raises $478m to become a unicorn, eyes IPO
SINGAPORE (REUTERS) – Singapore-based car marketplace Carro said on Tuesday (June 15) it has raised US$360 million (S$478 million) in its latest funding round led …
Grab CEO confident Spac merger to close by year-end after delay
SINGAPORE (BLOOMBERG) – Grab Holdings chief executive Anthony Tan said he is confident the merger of the ride-hailing and food-delivery giant and a United States …
Chinese ride-hailing giant Didi reveals $2 billion loss in US IPO filing
NEW YORK (BLOOMBERG) – Chinese ride-hailing company Didi revealed a US$1.6 billion (S$2 billion) net loss for 2020 as it moves ahead with plans for …
GameStop says US securities regulators are investigating trading of its shares
NEW YORK (BLOOMBERG, REUTERS) – GameStop, one of the popular “meme” companies whose stock has soared this year, said United States securities regulators are looking …
US remains far ahead of global pack as financial centre: Study
LONDON (REUTERS) – The United States remains the world’s dominant financial centre, well ahead of nearest rival Britain, whose lead over Frankfurt and Paris so …
Sheng Siong signs lease agreement for third store in Kunming, China
SINGAPORE (THE BUSINESS TIMES) – Sheng Siong Group on Wednesday (June 9) said its subsidiary has entered into a lease agreement for its third store …
Keppel to book impairment loss of $318m in first-half due to KrisEnergy exposure
SINGAPORE (THE BUSINESS TIMES) – Keppel Corporation on Tuesday (June 8) said it will recognise a loss of $318 million in respect of its exposure …
Sembmarine seeking alternative sources for skilled workers; likely to incur extra costs
SINGAPORE (THE BUSINESS TIMES) – Sembcorp Marine (Sembmarine) has begun exploring alternative sources of skilled labour, as it continues to face a shortage with the …
Investors call for ethical approach to facial recognition technology
LONDON (REUTERS) – A group of 50 investors managing more than US$4.5 trillion (S$5.95 trillion) in assets is calling on companies involved in the development …
Thousands descend on US city to glorify Bitcoin
MIAMI (NYTIMES) – There was money in the air. Buzzwords floated around, like NFT, BTD, blockchain, token. There was a frenzied energy. And there was …
Yellen says higher interest rates would be ‘plus’ for US, Fed
WASHINGTON (BLOOMBERG) – Treasury Secretary Janet Yellen said that President Joe Biden’s US$4 trillion (S$5.3 trillion) spending plan would be good for the US, even …
Meme stock AMC takes traders on a wild ride, pockets $780 million cash
NEW YORK (BLOOMBERG) – AMC Entertainment Holdings dizzied investors on Thursday (June 3) by losing 40 per cent of its market value, then regaining more …