Qantas considers shifting headquarters from Sydney in new cost-cutting drive

SYDNEY (BLOOMBERG) - Qantas Airways is considering shifting its headquarters from Sydney in an effort to cut costs as the coronavirus pandemic forces it...

China’s Tencent picks Singapore as Asia hub after India, US bans

HONG KONG/SINGAPORE (BLOOMBERG) - Tencent Holdings has picked Singapore as its beachhead for Asia, joining rivals Alibaba Group Holding and ByteDance in the race...

Wall Street closes broadly higher on deal news, Covid-19 vaccine hopes

NEW YORK (REUTERS) - US stocks ended sharply higher on Monday (Sept 14) as signs of progress in developing a Covid-19 vaccine and a...

Airbus CEO warns of compulsory layoffs as airline crisis deepens

TOULOUSE (REUTERS) - The head of European planemaker Airbus has warned staff of compulsory layoffs as air travel fails to recover as quickly as...

Alibaba in talks to invest $4 billion in Grab, say sources

SINGAPORE (BLOOMBERG) - Alibaba Group Holding is in talks to invest US$3 billion (S$4.1 billion) into South-east Asian ride-hailing giant Grab Holdings, according to...

UBS chairman explores merger with Credit Suisse: Report

ZURICH (BLOOMBERG) - The chairmen of UBS Group AG and Credit Suisse Group AG are exploring a potential merger to create one of Europe's...

Singapore commodity traders ZenRock, Agritrade face winding up

SINGAPORE (THE BUSINESS TIMES) - ZenRock Commodities Trading and Agritrade International could be wound up, as their respective judicial managers have filed applications to...

More support for high-growth local companies despite pandemic: Chan Chun Sing

SINGAPORE - There will be more support for promising companies to help accelerate their growth despite the coronavirus pandemic, said Minister for Trade and...

Smaller watches show China’s growing hold on luxury industry

ZURICH (BLOOMBERG) - Luxury watch maker Officine Panerai-Firenze is famed for its big and bulky World War II-era wrist pieces. But its best sellers...

Restructure or die, Cathay Pacific warns as it burns through millions a month

HONG KONG (BLOOMBERG) - Cathay Pacific Airways is still burning through as much as HK$2 billion (S$352 million) a month and will continue to do...

Amazon hiring 100,000 more workers in US and Canada

NEW YORK (BLOOMBERG) - Amazon.com is hiring 100,000 full and part-time employees across the US and Canada, offering starting wages of at least US$15...

Sinarmas, Surbana and Mitsubishi partner for transit-oriented developments in Indonesia

SINGAPORE (THE BUSINESS TIMES) - A subsidiary of Sinarmas Land has entered into a strategic partnership with Mitbana, a joint-venture fund management company of...

China home price growth accelerates as credit growth picks up

BEIJING (BLOOMBERG) - China home-price growth accelerated in August after a brief slowdown the previous month as credit growth rebounded and wider property curbs...

Asia shares buoyed by coronavirus vaccine hopes

SYDNEY (REUTERS) - Asian shares firmed on Monday (Sept 14) on renewed hopes for a coronavirus vaccine after AstraZeneca resumed its phase-3 trial though...

China’s demand for condo butler service sparks 390% stock gain

SHANGHAI (BLOOMBERG) - Surging demand for butler-like concierge service at the millions of condominiums in China is creating one of the hottest sectors in...

Thai Airways gets court approval for debt restructuring plan

BANGKOK (Bloomberg) - Thai Airways International, the nation's flagship carrier, got court approval for its debt restructuring on Monday (Sept 14). The Central Bankruptcy Court...

Singaporean taps captive market selling ant farms amid Covid-19 pandemic

SINGAPORE (REUTERS) - For many they are simply a pest, but for Singaporean entrepreneur John Ye his personal interest in the humble ant prompted...

Singapore commodity traders ZenRock, Agritrade face winding-up

SINGAPORE (THE BUSINESS TIMES) - ZenRock Commodities Trading and Agritrade International could be wound up, as their respective judicial managers have filed applications to...

Gilead to buy cancer drugmaker Immunomedics for US$21 billion

BENGALURU (REUTERS) - Gilead Sciences will acquire biopharmaceutical company Immunomedics for US$21 billion (S$28.7 billion), a move that will strengthen its cancer portfolio by...

SoftBank to sell chip designer Arm to Nvidia in US$40 billion deal

TOKYO (REUTERS) - SoftBank Group said on Monday (Sept 14) it has agreed to sell chip designer Arm to Nvidia Corp for as much...

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