Markets

Sodexo SA said on Thursday it expects its second-half revenue to expand after the French catering and food services group reported a large beat on its first-half profit margin.

CITI announced in an internal memo on Wednesday that Kartik Mani will be its new head of Asia Consumer Bank effective immediately, taking over from predecessor Gonzalo Luchetti, who has moved on to lead Citi's consumer banking unit in the US.

Celonis, a fast-growing German process mining software startup, has struck a strategic partnership with IBM to help companies make the most of the digital transformation that many are undergoing at speed.

HONG KONG: Asia's bankers say they expect the hottest trend in global deal-making, IPOs for special-purpose acquisition vehicles (SPAC), to rocket in the region this year from small beginnings, fuelled by well-resourced investors including private equity firms. Globally, SPACs raised US$92 ...

South Korea said on Thursday it will issue so-called COVID-19 vaccine passports to immunized citizens, joining other nations introducing such certificates to revive cross-border travel while keeping infection risks under control.

SINGAPORE: Foreign worker levies will be waived for all S Pass and work permit holders, including maids, during their stay-home notice periods from January to September, the Manpower Ministry (MOM) said on Thursday (Apr 1). "This is to help employers manage the increased costs associated with the ...

Crude prices rose on Thursday, recouping some of the previous session's losses on expectations that a meeting of OPEC and its allies later on Thursday would yield output constraint in the face of resurgent COVID-19 infections in some regions.

Microsoft has won a Pentagon contract for augmented reality headgear for soldiers worth US$21.88 billion over the next decade, the company and the United States military announced on Wednesday (Mar 31).

SINGAPORE: Private home prices in Singapore rose by 2.9 per cent in the first quarter of 2021, according to official flash estimates released by the Urban Redevelopment Authority (URA) on Thursday (Apr 1). This followed a 2.1 per cent increase in the previous quarter, and a 2.2 per cent...

The U.S. International Trade Commission (ITC) said on Wednesday South Korean battery company SK Innovation Co Ltd did not violate rival LG Energy Solution's battery-related patents.