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...
Business
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...
Citi sees $20 billion Asia wealth inflow after hiring hundreds in S’pore, Hong Kong
HONG KONG (BLOOMBERG) - Citigroup attracted close to US$15 billion (S$20 billion) in net new money across its Asia-Pacific wealth management...
As Fed tiptoes around tapering, investors look to August meeting for clarity
NEW YORK (REUTERS) - Investors looking for clear guidelines on when the United States Federal Reserve will begin tapering its...
Record $6.65 billion raised in South-east Asia IPOs in first half of 2021
SINGAPORE (THE BUSINESS TIMES) - Companies in South-east Asia raised a record US$4.9 billion (S$6.65 billion) through initial public offerings...
Facebook doubles profit, but sees cooling growth from regulatory actions
SAN FRANCISCO (AFP) - Facebook on Wednesday (July 28) reported its profit doubled in the recently ended quarter as digital...