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."
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.
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.
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.
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.
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.
The Australian Parliament on Thursday passed the news media and digital platforms mandatory bargaining code that would make it compulsory for Alphabet Inc's Google and Facebook Inc to pay media companies for content.
One of the European Union's most powerful data regulators has warned companies may yet face massive disruption to translatlantic data flows as a result of an EU court ruling last year, despite efforts by policymakers to avoid that outcome.
UOB, a strong player in the small- and medium-sized enterprises space, does not see concentrated risks in its loan book, estimating credit costs for the year at 30-40 basis points.
