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Hong Kong landlords snap up UK property

HONG KONG: Hong Kong residents are buying more houses and apartments to lease out for income in Britain, property agents say, a trend that coincides with what many expect to be a wave of emigration after China passed a national security law last year. Hong Kongers became the fifth...

Markets

Brokers’ take: RHB upgrades OCBC to ‘buy’; Maybank KE, Jefferies raise target prices

RHB on Thursday upgraded OCBC to "buy" from "neutral", with a higher target price (TP) of S$12.50 from S$9.50 previously. At least two other research houses also raised their targets on the counter.

Markets

Traveloka, Southeast Asia’s biggest travel app, plans regional fintech expansion before 2021 listing

Traveloka, Southeast Asia's largest online travel startup, plans to launch financial services in Thailand and Vietnam as it eyes a U.S. listing through a blank-cheque company, its president said.

Markets

US consulate completes Hong Kong property sale after Beijing greenlight

The US Consulate in Hong Kong has completed a multi-million-dollar property sale that was previously put on ice after Beijing refused to grant permission, the buyer announced Thursday.

Markets

Tools to go remote: How Netgear’s CEO stays connected

When Patrick Lo co-founded computing networking provider Netgear Inc in 1996, he envisioned an online utopia in which "the internet was going to drive everything."

Markets

World stocks’ dance to continue, but inflation could mute the music: Reuters poll

The bull-run in global stocks fuelled by cheap cash and reflation hopes will continue for at least another six months but a rise in bond yields as inflation expectations grow could throw a spanner in the works, Reuters polls found.

Markets

Standard Chartered 2020 pretax profit falls 57per cent, misses estimates

Standard Chartered PLC (StanChart) on Thursday posted a 57per cent fall in annual profit, missing analyst estimates, as the Asia-focused bank struggled with fall out from the COVID-19 pandemic.

Markets

Asian stocks open higher as Fed’s Powell nixes inflation fears

Asian stocks perked up on Thursday after U.S. Federal Reserve Chair Jerome Powell reaffirmed interest rates would stay low, calming market fears that higher inflation might prompt the central bank to tighten the monetary spigot.

Markets

Qantas says no international flights until October, reports billions in losses

Australian carrier Qantas reported a US$5.5 billion plunge in revenue during the second half of 2020 and said international passenger flights would not resume until October as the pandemic continued to devastate the industry.

Markets

Australian media reforms pass parliament after last-ditch changes

The Australian parliament on Thursday passed a new law designed to force Alphabet Inc's Google and Facebook Inc to pay media companies for content used on their platforms in reforms that could be replicated in other countries.

Markets

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