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Markets

Commentary: The US dollar remains crucial to Hong Kong’s prosperity

Hong Kong's currency, pegged to the US dollar, provides considerable financial buffer, says an observer.

Markets

DBS and Food Bank to create app to streamline food donations

DBS is partnering The Food Bank Singapore to develop an app that will address food gaps for the vulnerable by facilitating greater coordination and targeted support, the lender said on Thursday.

Markets

Abu Dhabi’s Mubadala to invest US$1.2 billion in Indian digital company Jio Platforms

Abu Dhabi's state fund Mubadala will invest AED4.4 billion (US$1.2 billion) in the Indian digital company Jio Platforms, the Abu Dhabi media office announced in a statement on Twitter on Thursday.

Markets

Luxury carmaker Bentley to cut about 1,000 jobs in UK: BBC

Luxury carmaker Bentley is cutting about 1,000 jobs in the United Kingdom amid the ongoing coronavirus outbreak, the BBC reported on Thursday.

Markets

Slack withdraws billings forecast on COVID-19 uncertainty

Slack Technologies Inc on Thursday withdrew its forecast for 2021 billings citing uncertainty driven by the COVID-19 pandemic, sending shares down 16per cent after market hours.

Markets

Broadcom’s revenue forecast disappoints on weakness in chip business

Broadcom Inc on Thursday forecast current-quarter revenue, the mid-point of which was slightly below Wall Street estimates as its chip business was weighed down by the impact of the coronavirus crisis on global supply chains.

Markets

Exclusive: Pompeo to urge stock exchanges globally to tighten rules for Chinese companies

U.S. Secretary of State Mike Pompeo is set warn American investors on Thursday against 'fraudulent' accounting practices of China-based companies, and suggest the Nasdaq's recent decision to tighten listing rules for such players should be a model for all other exchanges around the world.

Markets

American Airlines announces 14 officer departures, memos show

American Airlines Group Inc told employees on Thursday that 14 officers will be as leaving the company as part of leadership changes in which another five officer positions will not be filled, according to memos seen by Reuters.

Markets

Tesla’s Elon Musk calls for breakup of Amazon in tweet

Telsa Inc Chief Executive Elon Musk on Thursday called for Amazon.com Inc to be broken up.

Markets

‘Stay at home stock’ Slack Technologies dips ahead of report

Shares of Slack Technologies dipped 3per cent on Thursday ahead of the workplace communication platform's quarterly report, pausing a three-month rally fueled by millions of people working from home due to the coronavirus.

Markets

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