Meituan shares rebound on reports China is nearing end of probe
BEIJING (BLOOMBERG) - Meituan shares rallied in Hong Kong Monday (Aug 9) following reports Chinese antitrust authorities may be wrapping...
Business
China Telecom eyes US$8b Shanghai IPO, world’s biggest in 2021
SHANGHAI (AFP) - China Telecom could raise more than US$8 billion (S$10.8 billion) in a Shanghai initial public offering (IPO)...
Will remote workers get left behind in the hybrid office?
(NYTIMES) When offices finally reopen, some companies plan to use them in a very different way than they did before...
Amazon lures advertisers from Facebook after Apple privacy shift
NEW YORK (BLOOMBERG) - Amazon.com's move into digital advertising so far has mostly come at the expense of market leader...
Keep an eye on inflation, Fed Speak in US and 2nd-quarter GDP in S’pore
SINGAPORE - Last Friday's US non-farm payroll (NFP) numbers for July were probably the biggest data set that mattered for...
China’s export slowdown in July may signal more bumps ahead
BEIJING (REUTERS) - China's export growth unexpectedly slowed in July following outbreaks of Covid-19 cases, while imports also lost momentum,...
GK Goh to sell Boardroom to Temasek-related consortium for $312 million
SINGAPORE (THE BUSINESS TIMES) - Mainboard-listed investment firm GK Goh Holdings (GKGH) has proposed to sell its entire 92 per...
Economists see upgrade in Singapore’s 2021 growth forecast
SINGAPORE - The health prognosis of Singapore's trading partners will likely have a significant bearing on how its trade-dependent economy...
Aramco bucks trend by prioritising oil output over dividends
RIYADH (BLOOMBERG) - Saudi Aramco is bucking the trend among oil majors by spending the windfall from this year's surge...
NetEase’s music service to delay Hong Kong IPO launch
HONG KONG (BLOOMBERG) - Cloud Village, the music streaming arm of Chinese gaming giant NetEase, is postponing the launch of...