Markets

Mergers and acquisitions targeting technology companies have hit a record high in Asia Pacific, Dealogic data shows, and dealmakers expect this M&A pace to continue as the pandemic spurs a shift toward virtual activities in the economy.

Commonwealth Bank of Australia on Thursday became the first among the country's four big lenders to allow customers to view account balances from other lenders through its app, in a push to improve digital banking relationships.

SoftBank Group Corp's bank borrowing climbed by 42per cent in the year to March-end with the increase shouldered by foreign lenders, company filings showed on Thursday.

Beef prices are surging worldwide, taking meat off the menu in steak-loving Buenos Aires and spoiling summer barbecues in the United States as Chinese imports rise and the cost of feeding cattle soars.

SINGAPORE: Singtel on Thursday (May 27) posted its lowest net profit in at least two decades on exceptional losses and outlined a strategy to focus on 5G and develop new growth engines in information-communication technologies. The telco, which is Southeast Asia's largest, reported that annual net ...

China's Lenovo Group, the biggest maker of personal computers, posted on Thursday a better-than-expected rise of 512per cent in fourth-quarter profit, helped by robust demand from those working from home as COVID-19 curbs persisted.

Taiwan is considering boosting a loan facility to help small and medium sized firms hit by the COVID-19 pandemic, and may extend it to individuals, with almost US$20 billion available, sources briefed on the matter told Reuters.

DIGITAL lenders pulled in US$548 million over 38 transactions in the first quarter of 2021 to make up more than half the total amount raised by this sector over 2020, according to a recent report by S&P Global Market Intelligence.

Countries reliant on tourism are racing to reopen borders and revive economies decimated by the pandemic. The World Travel and Tourism Council estimates that the sector lost nearly US$4.5 trillion and 62 million jobs last year. Airlines alone lost US$126 billion last year and are on track to lose...

Taiwan is considering boosting a loan facility to help small and medium sized firms hit by the COVID-19 pandemic, and may extend it to individuals, with almost US$20 billion available, sources briefed on the matter told Reuters.