Asian share markets turned mixed on Monday as U.S. lawmakers struggled to hammer out a new stimulus plan amid a global surge of new coronavirus cases, though a squeeze on crowded short positions left the dollar clinging to a tentative bounce.
HONG KONG: HSBC on Monday (Aug 3) said profits for the first half of 2020 plunged by 69 per cent on year as the banking giant was hammered by the COVID-19 pandemic and spiralling China-US tensions. The lender reported post-tax profits of US$3.1 billion while pre-tax profit was US$4.3...
MANILA: The Philippines stock market tumbled on Monday (Aug 3) after the government reimposed coronavirus lockdown measures in and around Manila in response to fresh outbreaks, dashing hopes of a swifter economic recovery. The restrictions, due to take effect from Tuesday, are being reinstated ...
China said on Monday that 28-nanometre chips that enable mobile devices to receive signals from the Beidou navigation system are in mass production and mass manufacturing of high-precision 22-nanometre positioning chips will soon kick off.
Men's Wearhouse owner Tailored Brands filed for bankruptcy on Sunday, adding to a list of brick-and-mortar retailers that have succumbed to the economic fallout from the COVID-19 crisis.
The Chinese firm also said it faced "complex and unimaginable difficulties" as it worked to grow into global company.
The negotiations between ByteDance and Microsoft will be overseen by the Committee on Foreign Investment in the United States, a U.S. government panel that has the right to block any agreement, the sources added.
REUTERS: President Donald Trump has agreed to give China's ByteDance 45 days to negotiate a sale of popular short-video app TikTok to Microsoft Corp, two people familiar with the matter said on Sunday. U.S. officials have said TikTok under its Chinese parent poses a national risk because of the...
SINGAPORE: The Monetary Authority of Singapore (MAS) will award Standard Chartered Bank (Singapore) additional privileges as a Significantly Rooted Foreign Bank (SRFB), allowing it to operate more places of business. Standard Chartered is the first bank to qualify as a Significantly Rooted Foreign ...
STANDARD Chartered Bank Singapore has been granted additional privileges as the first bank to qualify as a Significantly Rooted Foreign Bank (SRFB) in the Republic, the Monetary Authority of Singapore (MAS) said on Monday.
