BMW said it expected an operating profit for the full year even as coronavirus lockdowns pushed the carmaker to a second-quarter operating loss as deliveries of luxury cars fell 25per cent during the period.
British American Tobacco on Wednesday named Guy Meldrum, the regional director of its Asia-Pacific and Middle East business, as the new head of its U.S. business, Reynolds American.
THE Monetary Authority of Singapore (MAS) will prescribe the Singapore Overnight Rate Average (SORA) as a financial benchmark under the Securities and Futures Act (SFA), as well as enhance its transparency and data availability, as part of a slew of measures to support the adoption of the...
SINGAPORE: Retail sales in Singapore fell at a slower pace of 27.8 per cent year-on-year in June as the country exited its COVID-19 "circuit breaker" period and retail outlets resumed operations under Phase 2 of the city's reopening. This is an improvement from the record 52 per cent plunge in May ...
More than 20 countries and territories in Europe have launched or plan smartphone apps that seek to break the chain of coronavirus infection by tracking encounters between people and issuing a warning should one of them test positive.
JAKARTA: Indonesia's economy contracted in the second quarter for the first time in more than two decades as it was slammed by coronavirus restrictions, with warnings that the recovery could be among the weakest in Southeast Asia. Output in the region's biggest economy slumped 5.3 per cent on-year ...
Microsoft Corp's potential acquisition of TikTok's U.S. operations is the latest twist in a rollercoaster two years for the short video app, which has come under growing scrutiny from overseas governments as its global popularity soars.
HONG KONG: Alibaba Health Information Technology has raised nearly US$1.3 billion in Hong Kong's largest follow-on share sale since 2015, and industry experts say this could prompt more firms to tap investors for cash in the Asian financial hub. The Chinese company, an arm of internet retail giant ......
A U.S. judge on Tuesday sentenced former Google engineer Anthony Levandowski to 18 months in prison for stealing a trade secret from Google related to self-driving cars months before becoming the head of Uber Technologies Inc's rival unit.
Chinese healthcare services firm Alibaba Health Information Technology has raised nearly US$1.3 billion in Hong Kong's largest follow-on share sale in five years, according a statement from the company on Wednesday.
