NEW YORK (REUTERS) – Asian shares jumped on Thursday (Nov 5) as investors cheered US election results that pointed to a government less likely to …
Financial sector’s credibility key to Singapore’s economic success
SINGAPORE – Establishing and maintaining a clean and trusted financial hub has been at the core of Singapore’s economic success. While its strategic geographical location …
DBS Q3 profit drops 20% to $1.3 billion
SINGAPORE – DBS Group Holdings posted a 20 per cent drop in third-quarter net profit to $1.3 billion from $1.63 billion a year earlier, on higher allowances …
Whoever wins US election, investors see China, green and easy money bets as winners
LONDON/HONG KONG/SINGAPORE (REUTERS) – The close and inconclusive US election has scuppered some short-term trades premised on a clear Joe Biden sweep, but money managers …
12 dead in India factory blast
AHMEDABAD, INDIA (AFP) – At least 12 workers were killed on Wednesday (Nov 4) when part of a chemical warehouse collapsed following a powerful blast …
CapitaLand flags ‘materially adverse’ hit on full-year results from Covid-19 impact
SINGAPORE (THE BUSINESS TIMES) – CapitaLand expects its financial performance for FY2020 to be materially adversely impacted, despite seeing “encouraging signs of recovery” in operating …
China’s halt of Ant IPO ‘necessary, reasonable’ to curb risks: State media
SHANGHAI (REUTERS) – China’s move to suspend Ant Group’s US$37 billion (S$50.3 billion) listing is “necessary, reasonable and legal,” given rising concerns over risks to …
US stock futures climb with early vote counts coming in
SYDNEY (REUTERS, BLOOMBERG) – Asian share markets turned cautious on Wednesday (Nov 4), paring sharp early gains as results from the US Presidential election hinted …
Great Eastern Q3 profit up 40% to $287.9 million
SINGAPORE (THE BUSINESS TIMES) – Great Eastern Holdings on Wednesday (Nov 4) posted a 40 per cent rise in net profit to $287.9 million for …
UOB Q3 profit falls 40% to $668 million on higher provisions
SINGAPORE – United Overseas Bank posted a 40 per cent drop in third-quarter net profit to $668 million from $1.12 billion a year earlier as the …
ST Asian Insider video: China, India keenly watch US elections
WASHINGTON – There is a sense in the strategic community in New Delhi, intensified by clashes with China on the Himalayan border, that India needs …
Hong Kong police arrest producer behind investigation of Yuen Long mob attack
HONG KONG (AFP) – A Hong Kong journalist was arrested on Tuesday (Nov 3) in a probe linked to a recent documentary she co-produced investigating …
SGO, No. 1 Oilless Bearing Company in Korea, Goes Online
Seoul, Korea – The demand for bearings used in mechanical equipment has been increasing worldwide, and the bearing market is expected to grow rapidly. SGO …
Hong Kong index just made it easy for Ant to be included
HONG KONG (BLOOMBERG) – Hong Kong’s stock index compiler is rolling out the red carpet for new listings in its China gauge, just days before …
Mukesh Ambani loses $8.87 billion as oil sinks Reliance stock
MUMBAI (BLOOMBERG) – Mukesh Ambani, Asia’s richest man, saw US$6.5 billion (S$8.87 billion) wiped from his net worth as Reliance Industries shares tumbled the most …
Singapore-based hedge fund is world’s best-performing with 275% gains
SINGAPORE (BLOOMBERG) – Long before he ran the world’s best-performing hedge fund, Qian Yong Qiang chaired China’s biggest online dating service. The Yale graduate would …
Fin or tech? Why China’s Ant, biggest-ever IPO, says it’s a tech firm not a bank
BEIJING (REUTERS) – China’s Ant Group, about to make the biggest public sale of shares ever, poses a basic conundrum: what kind of company is …
Royal Caribbean suspends cruises through year end on rising Covid-19 cases
BENGALURU (REUTERS) – Cruise operator Royal Caribbean Group said on Monday (Nov 2) it would stop all its cruises through the end of the year, …
Race to save whales in Sri Lanka’s biggest mass stranding
COLOMBO (AFP) – Rescuers and volunteers were racing Monday (Nov 2) to save about 100 pilot whales stranded on Sri Lanka’s western coast in the …
Valarhash Officially Launches New Service Series for its Mining Hosting Operations
CHENGDU, CHINA, Oct 31, 2020 – (ACN Newswire) – Valarhash, a leader in digital asset services, officially launches a new series of cryptocurrency miner hosting services, now enabling customers …