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Indonesia aims to recoup nearly US$8 billion of Asian financial crisis debt

Indonesia has formed a task force that includes law enforcement officials to go after nearly US$8 billion of unrepaid state funds handed out to bank owners during the Asian financial crisis in the late 1990s, ministers said on Friday.

Markets

Taiwan chip packager King Yuan halts output after COVID cases at factory

TAIPEI: Taiwan's major chip packager King Yuan Electronics will halt production on the island for two days after several employees contracted COVID-19, Central News Agency reported on Friday, the first time the pandemic has hit the global chip hub, as case numbers climb. Hsinchu-based King ...

Markets

Tokyo panda’s possible pregnancy delivers stocks bump

A possible panda pregnancy at a Tokyo zoo caused stocks of a nearby restaurant chain to briefly soar 30 per cent on Friday as the chance of a pandemic conception bred excitement among investors.

Markets

Taiwan May exports seen growing for 11th month in a row: Reuters poll

Taiwan's exports likely rose for an 11th straight month in May, a Reuters poll showed, lifted by demand for electronic goods as people continued to work and study from home due to the COVID-19 pandemic.

Markets

Meituan founder donates US$2.27 billion shares as charity grips Chinese billionaires

The founder of food delivery giant Meituan Dianping will donate shares worth about US$2.27 billion to his personal charity, a stock exchange filing late on Thursday showed, making him the latest Chinese tech billionaire to make such a gesture.

Markets

Digital music firm Believe books covered for IPO – bookrunner

Books for the initial public offering of French digital music firm Believe are fully covered, a bookrunner on the deal said on Friday.

Markets

German delivery startup Flink raises US$240 million, partners with Rewe

BERLIN: Grocery delivery startup Flink said on Friday it had raised US$240 million from investors, just six months after the Berlin-based company was founded, and struck a strategic partnership with the Rewe Group supermarket chain. Flink is one of a crop of firms including Gorillas, Getir ...

Markets

Telecoms group Orange launches internal probe into this week’s network outage

Stephane Richard, the head of France's biggest telecoms operator Orange, has launched an internal inquiry into this week's network outage which prevented emergency phone calls in France, Orange said on Friday.

Markets

Beijing’s jawboning sets yuan on track for biggest weekly loss in four months

China's yuan barely moved against the dollar on Friday but was set for its biggest weekly loss in at least four months following a string of official warnings against one-way bets on yuan appreciation.

Markets

Apple working on iPad Pro with wireless charging, new iPad Mini – Bloomberg News

Apple Inc is working on a new iPad Pro with wireless charging and a redesigned iPad Mini in an attempt to build upon momentum for a category that saw improved sales during the pandemic, Bloomberg News reported on Friday.

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