Markets

Chinese online insurance technology firm Waterdrop Inc has raised US$360 million by pricing its shares at US$12 a piece in its New York initial public offering (IPO), according to two sources with direct knowledge of the matter.

China has approved domestic fund managers' first exchange-traded funds (ETFs) based on Hong Kong's Hang Seng TECH Index, state media said on Friday, giving Chinese investors increased access to such big-name stocks as Alibaba and Tencent.

Global stocks headed for their first weekly gain in three amid a surge in commodity prices, while traders braced for a key U.S. jobs report later on Friday that could provide clues on when the Federal Reserve will ease back on monetary stimulus.

MANILA: Philippine exports expanded at the fastest pace in more than 10 years in March, the statistics agency said on Friday, driven by strong demand from major trading partners, while imports rose at the highest rate in more than two years. Outbound shipments increased 31.6per cent from a ......

TOKYO: The dollar stayed under modest pressure on Friday ahead of a key U.S. jobs report that could cement expectations of a strong economic recovery and fan investor appetite for stocks, higher-yielding currencies and commodities. The dollar's index against six other major currencies stood ...

Since Myanmar's military ordered telecoms operators to shut their networks in an effort to end protests against its February coup, Telenor's business there has been in limbo.

Japan's real wages rose for the second consecutive month in March, the government said on Friday, in a sign economic conditions recovered from the heavy blow they took from the coronavirus pandemic last year.

SINGAPORE banks breezed through earnings estimates in Q1, with profits rising from the year-ago quarter on strong fee income and smaller impairments.

SINGAPORE: Oversea-Chinese Banking Corp (OCBC) beat market estimates with a more than doubling of its quarterly profit on Friday (May 7), thanks to a robust performance in its wealth management business and a drop in credit allowances. The results rounded up a strong performance by DBS Group and ...

OCBC on Friday said first quarter net profit more than doubled, as it joined its Singapore peers in hitting a new high in fee income while making a far smaller allowance compared with the year-ago period.