Asia
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Asia: Markets advance after record rallies
ASIAN shares climbed on Friday following a day of record highs in Japanese, US and European markets after demand for AI-powering chips drove tech gains. Investors celebrated on Thursday as…
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Asia: Markets open higher after US tech gains
ASIAN markets opened mostly up on Thursday, after higher-than-expected earnings from tech giant Nvidia and as investors weigh Fed minutes signalling most US officials are in no rush to cut…
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Delivery Hero terminates talks on potential sale of foodpanda business in South-east Asia
GERMAN food delivery company Delivery Hero said on Wednesday that the ongoing talks for the potential sale of its foodpanda business in selected markets in South-east Asia have been terminated. The parties…
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Dealmaking booms in Japan as most of Asia suffers through bust
DEALMAKING is booming in Japan. Management buyouts are on the rise. The stock market is nearing an all-time high, giving companies more scope for acquisitions. And the government and investors…
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Asia: Stocks lower after Wall Street losses
ASIAN markets were mostly down on Wednesday, tracking US losses as investors await a key tech earnings report and Fed policy meeting minutes later in the day. The tech-rich Nasdaq…
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Digital banks should count on more than ecosystems, tech to expand in South-east Asia
DIGITAL banks have emerged in South-east Asia as a means to reach out to the underbanked or underserved segments in a cost-effective manner. But strong competition is putting their strengths…
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SIA Q3 earnings up 4.9% to S$659 million as North Asia markets fully reopen to robust passenger demand
MAINBOARD-LISTED Singapore Airlines (SIA) on Tuesday (Feb 20) recorded a net profit of S$659 million for the third quarter ended Dec 31, 2023, rising 4.9 per cent from S$628 million…
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Asia: Stocks struggle even as China slashes rates
ASIAN shares were pinned below 1-1/2 month highs on Tuesday as even a larger-than-expected interest rate cut in China failed to excite investors jaded at the lack of bigger stimulus…
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Asia: Stocks mixed as China enjoys Lunar New Year bump
CHINESE stocks were buoyant after Lunar New Year but other Asian markets were mixed on Monday as a hot US inflation report rekindled worries over the timing of Fed rate…
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Asia Stocks Mixed As China Enjoys Lunar New Year Bump
Chinese stocks were buoyant after Lunar New Year but other Asian markets were mixed on Monday as a hot US inflation report rekindled worries over the timing of Fed rate…
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Manulife extends Asia earnings goal by two years
CANADA’S largest insurer Manulife Financial Corp on Thursday (Feb 15) extended its goal to account Asia unit for half of its core earnings by 2025 by 2 years, citing the…
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Asia: Markets rally after Wall Street highs
ASIAN markets rose on Friday, supported by Wall Street and eurozone records, as traders shrugged off weak US retail sales and recession in Britain and Japan. US and European stocks…
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UBS taps debt capital market Asia co-head to lead private credit
UBS Group has appointed Ben Sung as head of Corporate Book for South-east Asia, leading its charge to boost private credit business in the region In his new role, Sung…
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Asia: Markets mostly up, tracking Wall Street gains
MOST Asian markets rose on Thursday (Feb 15), tracking a rebound in Europe and New York and following positive remarks from a senior Federal Reserve official that inflation was headed…
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Manulife beats profit estimates on strong Asia, Canada performance
CANADA’S largest insurer Manulife Financial on Wednesday (Feb 14) beat analysts’ estimate for quarterly core earnings, driven by strong performance at its Canadian and Asia units. Manulife’s results mirror that…
