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Coinbase pledges further US$25 million of political funding for crypto
Coinbase Global committed another US$25 million of funding to Fairshake, a political action committee for the digital-asset industry that…
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Trafigura facing US$1.1 billion hit in Mongolia after fraud probe: sources
Trafigura Group is preparing to take a US$1.1 billion hit after discovering what it suspects was fraud involving employees in its…
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New Starbucks CEO is testing investors’ US$21 billion bet
Starbucks’ new chief executive Brian Niccol is facing a key test: convincing investors he’s worth the US$21 billion in market value the…
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Siemens agrees to buy software group Altair in US$10 billion deal
Siemens reached an agreement to buy software maker Altair Engineering for US$10 billion including debt in its largest-ever acquisition.…
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Oil rises on US stockpiles drawdown, Opec+ mulls output hike delay
Oil prices rebounded on Wednesday (Oct 30), rising more than 2 per cent after data showed US crude and gasoline inventories fell…
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In 'concerning development,' officials say H5N1 bird flu has infected a pig in Oregon
Oregon state and federal officials confirmed Wednesday that H5N1 bird flu was found in a pig living Crook County — the first such swine…
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DHL cuts earnings outlook on weak B2B volumes
DHL cut its guidance for 2024 earnings before interest and taxes (Ebit) on Wednesday (Oct 30), citing continuously weak…
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Police arrest 3 suspects in kidnapping of American citizen in Philippines
Philippine police announced Wednesday that they have arrested three suspects linked to the Oct. 17 kidnapping of American citizen Elliot…
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AstraZeneca says its China operations president under investigation
It was not immediately clear whether the executive Leon Wang was in the custody of the Chinese government AstraZeneca’s China president is…
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US: Wall St subdued at open as investors weigh earnings, data
US stock indexes were subdued at the open on Wednesday (Oct 30), as investors assessed mixed earnings reports and data that showed the…
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BYD Q3 revenue rises 24% year on year to 201.1 billion yuan, eclipses Tesla for first time
BYD notched up another win over Tesla on Wednesday (Oct 30), reporting quarterly revenue that beat Elon Musk’s carmaker for the first time…
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BYD revenue beats Tesla for first time; Q3 sales surge 24% to 201 billion yuan
BYD notched up another win over Tesla on Wednesday (Oct 30), reporting quarterly revenue that beat Elon Musk’s carmaker for the first time…
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Tencent-backed Airwallex seeks funding at US$6 billion value
FINTECH company Airwallex is in talks with investors to raise about US$200 million in a new funding round to finance its growth, according…
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Karaoke operator Goodwill Entertainment aims to hit the right notes in Catalist IPO, raise S$6.5 million in net proceeds
Shares in initial public offering priced at S$0.20 apiece; founder seeks growth in F&B, Malaysia KARAOKE and live show operator Goodwill…
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Aston Martin posts smaller-than-expected quarterly loss
BRITISH luxury carmaker Aston Martin reported a smaller-than-expected third-quarter loss on Wednesday (Oct 30) and reaffirmed its annual…
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Malaysian ringgit set for biggest monthly decline since 2015
MALAYSIA’S currency is on course for its worst month in more than nine years, as investors scale back on risk assets amid concerns over…
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Australian lender ANZ launches structural overhaul amid regulatory woes
ANZ Group has unveiled an organisational overhaul, with an aim to streamline operations and enhance data analytics, the Australian lender…
Business
UBS posts bigger-than-expected net profit in third quarter
UBS Group on Wednesday (Oct 30) reported a forecast-beating quarterly net profit of US$1.4 billion helped by cost reductions and revenue…
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StanChart boosts return plan to US$8 billion as profit beats
STANDARD Chartered vowed to return at least US$8 billion to investors by 2026 as it reported better-than-estimated third-quarter earnings…
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Crypto exchange Gemini gets MAS’ in-principle nod for major payment institution licence
AMERICAN cryptocurrency exchange Gemini has received in-principle approval from the Monetary Authority of Singapore (MAS) for a major…
Business
Visa, Coinbase offer real-time crypto purchases via debit cards
VISA customers with eligible debit cards will be able to deposit funds into their Coinbase Global accounts – sometimes instantly – via a…
Business
Luckin Coffee, Haidilao and other China chains may be suffering indigestion from regional expansion
WITH competition at home squeezing profits, a growing number of Chinese restaurateurs are looking overseas for fresh opportunities. But…
Business
Hot stock: Hongkong Land rises 12.3% after unveiling new business strategy
It will pivot towards fund management and focus on ultra-premium integrated commercial properties in Asia’s gateway cities SHARES of…
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Hong Kong family office partners with top China fund to target the rich
ONE of Hong Kong’s biggest property agencies is ramping up its family office business by partnering with China’s No 2 mutual fund to push…