Lifestyle
PwC expects six-month ban in China for Evergrande audit: report
PRICEWATERHOUSECOOPERS’ (PwC) China unit expects the Chinese government to hand down a six-month ban that will start as early as next month as part of punishment over its audit...
LVMH’s Sephora cuts around 10% of staff in China as woes deepen
COSMETICS retailer Sephora is cutting hundreds of staff in China, according to sources familiar with the matter, as one of LVMH’s biggest brands tries to turn around a loss-making...
In a rout no one’s safe, ESG-compliant or not
IF COMPANIES with strong environmental, social and governance (ESG) performance cannot protect you from a stock market rout, what good are they?Leading ESG indices have mostly tracked their vanilla...
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...
