Lifestyle
Hong Kong Exchange sees 9% profit gain on rising trading
HONG Kong Exchanges & Clearing (HKEX) is benefiting from mainland Chinese investors in need of diversifying their holdings at a time of turbulence in markets from Shanghai to Shenzhen.
Flows...
Court of Appeal upholds dismissal of Winson’s claim against OCBC and StanChart
THE Court of Appeal has on Wednesday (Aug 21) reaffirmed the High Court’s decision to dismiss Winson Oil Trading’s claim against OCBC and Standard Chartered (StanChart) over a US$60.9...
Xiaomi Q2 revenue beats estimate, reveals auto unit sales
CHINA’S Xiaomi Corp on Wednesday (Aug 21) reported higher-than-expected revenue for the second quarter, revealing for the first time its auto business unit’s contribution of 6.2 billion yuan (S$1.1...
GDS seeking RM10 billion in loans for Malaysia expansion
GDS Holdings is considering raising around RM10 billion (S$3 billion) in loans for its data centre operation in Malaysia, people familiar with the matter said, in what would be...
XPeng projects lower-than-expected Q3 revenue on stiff competition
CHINESE firm XPeng forecast third-quarter revenue below expectations and missed June-quarter sales estimates on Tuesday (Aug 20), hurt by stiff competition and a drop in demand for its ageing...
DBS launches 500 million yuan green loan facility to develop wind turbine farm in China
It is the first South-east Asian bank to tap the People’s Bank of China’s carbon emission reduction facility programmeDBS, in a tie-up with wind turbine provider Envision Energy, on...
China’s PBOC dials back support for yuan as currency steadies
CHINA’S central bank set its daily reference rate for the yuan broadly in line with expectations for the first time in more than a year, a sign it’s loosening...
7-Eleven deal talk reflects allure of Japan’s convenience stores
ANYONE who’s stepped into a 7-Eleven in Japan to grab a quick snack or withdraw cash from the ATM will understand why Alimentation Couche-Tard Inc. would want to pay...
