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...
Business
Tycoon’s $8 billion surge unseats Samsung heir as richest South Korean
SEOUL (BLOOMBERG) - Mr Brian Kim, the founder of South Korean messaging giant Kakao Corp, has seen his fortune jump...
Elon Musk’s brain-computer start-up Neuralink raises $277 million
SAN FRANCISCO (BLOOMBERG) - Neuralink, the futuristic brain-computer interface company founded by Mr Elon Musk, said it has raised US$205...
Hotpot chain Haidilao is Hong Kong’s worst stock
HONG KONG (BLOOMBERG) - While Chinese technology and private-education giants have been stealing the headlines this week when it comes...
Singapore bank lending sees fastest growth since 2018, up 1.5% in June: MAS data
Singapore (THE BUSINESS TIMES) - Bank lending in Singapore grew 1.5 per cent in June, lifted mainly by stronger demand...
Sales at Birkin bag maker Hermes soar amid luxury rebound
PARIS (REUTERS) - Sales at Birkin handbag maker Hermes powered ahead in the second quarter, more than doubling from a...
British Airways parent downbeat on summer as rivals see rebound
LONDON (BLOOMBERG) - British Airways parent IAG issued a downbeat assessment of its summer fortunes after rival Air France-KLM said...
Tencent is world’s worst stock bet with $231 billion wipe-out
SHANGHAI (BLOOMBERG) - China's unprecedented crackdown on its technology industry has turned Tencent Holdings from a market darling into the...
CapitaLand China Trust sees 40.1% jump in first-half distribution per unit
SINGAPORE (THE BUSINESS TIMES) - CapitaLand China Trust (CLCT) has announced a distribution per unit (DPU) of 4.23 cents for the...
Airbus raises delivery and profit forecasts after strong first half
PARIS (REUTERS) - Europe's Airbus sharply raised its forecasts for full-year deliveries and earnings after reporting better-than-expected half-year results on...