Markets

THE total amount of venture capital raised by fintech companies in the Asia-Pacific region in the first quarter of the year fell 58.5 per cent sequentially to US$1.3 billion (S$1.81 billion), a report by S&P Global Market Intelligence on Tuesday said.

BERLIN: Software group SAP launched a product on Tuesday to help firms track greenhouse gas emissions in their supply chains, backing a view that being transparent about their carbon footprint will be good for business. The German company, which counts 440,000 customers and touches 77per cent of ...

SINGAPORE: Ride-hailing and payments firm Grab announced on Tuesday (Jun 16) that it has retrenched about 360 employees, or 5 per cent of its headcount, as a result of the COVID-19 outbreak. In a note to employees, CEO and co-founder Anthony Tan said that this is Grab's "last organisation-wide ......

U.S. retail sales likely experienced a record rise in May as 2.5 million Americans went back to work, although any rebound will retrace only a fraction of the historic drops in March and April amid the coronavirus lockdowns.

SINGAPORE: OCBC has made a S$150 million loan referencing SORA - the Singapore Overnight Average Rate - the first loan to use the new rate, the bank said on Tuesday (Jun 16), part of a major global effort to change lending benchmarks. Singapore's current main lending benchmark, SOR, is...

A CONSORTIUM led by US private equity giant KKR has acquired a minority stake in Vinhomes for a total consideration of 15.1 trillion Vietnamese dong (S$904.3 million).

SINGAPORE: Business services firm Data Register and an associated company, Singapore Data Register, were both fined a total of S$4,500 on Jun 4 for several breaches under the Companies Act, including failing to open its office to the public.  Data Register pleaded guilty for not holding an annual ...

Chesapeake Energy Corp is preparing to file for bankruptcy protection as soon as this week, becoming the largest oil and gas producer pushed to the financial brink by this year's energy market rout caused by the coronavirus outbreak, according to three people familiar with the matter.

Chesapeake Energy Corp is preparing to file for bankruptcy protection as soon as this week, becoming the largest oil and gas producer pushed to the financial brink by this year's energy market rout caused by the coronavirus outbreak, according to three people familiar with the matter.

The U.S. will amend its prohibitions on U.S. companies doing business with China's Huawei to allow them to work together in standards settings for next generation 5G networks, according to people familiar with the matter.