Technology
China’s Tencent takes over two ByteDance video game teams: source
CHINA’S Tencent has taken over two ByteDance video games units after ByteDance retreated from the gaming business last year, according to a person familiar with the matter. The two...
Deliveroo beats earnings guidance, sees positive cash flow in 2024
BRITISH meal delivery company Deliveroo reported better-than-expected core earnings of £85 million (S$145.1 million) for 2023, and expected further progress during 2024 with a move into positive cash flow....
Hong Kong weighs scaling back plan to open stock market in typhoons
HONG Kong is considering scaling back its plans to open up trading during the most severe weather, according to sources familiar with the matter. As part of a discussion...
Singapore Airlines readies 10-year dollar bond issuance, term sheet shows
SINGAPORE Airlines is preparing to issue a 10-year dollar bond that could raise at least US$300 million, according to three sources with direct knowledge of the matter. Initial price guidance for...
Gold prices tepid as traders seek more US data
GOLD prices traded flat in early Asian trade hours on Thursday (Mar 14), within close range of record-high levels on a broadly weaker US dollar, as traders awaited more...
Nestle faces investor challenge over healthy food targets
NESTLE is facing a formal demand from some shareholders, including Legal & General Investment Management, to significantly improve the amount of healthy food the Swiss consumer group sells. A...
Buyouts help Temasek-backed hospital firm vie for top India spot
MANIPAL Health Enterprises is looking to acquire a smaller India hospital chain – its fourth buyout since 2020 – that can propel the Temasek Holdings-backed firm to being the...
Insurer AIA new business value up 33% for FY2023 on strong premium sales
ASIA-FOCUSED insurer AIA Group reported a 33 per cent rise in FY2023 value of new business (VONB), driven by strong sales growth across its key markets. The insurer’s VONB,...
