Sheng Siong H1 profit down 11.9% as grocery frenzy eases
SINGAPORE (THE BUSINESS TIMES) - Mainboard-listed supermarket operator Sheng Siong Group saw a more subdued first half, after the year-ago...
Business
Robinhood closes more than 8% down in grim stock market debut
NEW YORK (REUTERS) - Robinhood Markets' shares closed more than 8 per cent lower at US$34.82 per share on their...
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...
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...