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Facebook to restore Australian news pages after tweaks to news legislation

Facebook will restore Australian news pages after Canberra offered amendments to legislation that would force the tech giant to pay for media content, Treasurer Josh Frydenberg said on Tuesday.

Markets

Huawei saw ‘slight’ growth in challenging 2020, chairman says

Huawei Technologies saw slight growth in its 2020 performance, in line with its expectations, the company's rotating Chairman Ken Hu said at an industry event held in Shanghai on Tuesday.

Markets

HSBC’s 2020 annual profit falls 34per cent, lowers profitability target

HSBC Holdings PLC on Tuesday reported 34per cent drop in annual profit, slightly better than expectations, after a year in which its global business took a hefty blow from the COVID-19 pandemic.

Markets

Damage to United Boeing 777 engine consistent with metal fatigue: NTSB

U.S. National Transportation Safety Board (NTSB) Chairman Robert Sumwalt said Monday that damage to a fan blade in a Pratt & Whitney engine that failed in a United Airlines Boeing 777-200 is consistent with metal fatigue, according to a preliminary assessment.

Markets

Amundi expands retail, ESG offerings in Singapore with launch of flagship funds

EUROPEAN asset manager Amundi has launched three flagship funds for retail investors in Singapore. All three funds hold either four or five-star Morningstar ratings as at Jan 31, 2021.

Markets

Great Eastern Q4 earnings rise 19% to S$341.3m on one-off tax impact

GREAT Eastern Holdings on Tuesday reported a 19 per cent increase in net profit to S$341.3 million for the fourth quarter ended Dec 31, 2020, from S$287 million a year ago.

Markets

WeWork co-founder Neumann nears settlement with SoftBank – source

WeWork co-founder and former Chief Executive Adam Neumann is nearing a settlement with SoftBank Group Corp that could include a nearly US$500 million cut in his payout from the office space-sharing company's new owner, the Wall Street Journal reported on Monday.

Markets

Petrobras shares slump as Brazil’s Bolsonaro doubles down on intervention

Petrobras shares plunged 22per cent on Monday, wiping out 71 billion reais (US$13 billion) in market value, as Brazilian President Jair Bolsonaro again slammed its pricing policies after he replaced the state-controlled oil company's market-friendly CEO with a retired army general.

Markets

Occidental Petroleum posts larger quarterly loss on asset sale

Occidental Petroleum Corp posted a larger-than-expected loss of US$731 million on Monday on an asset sale in the Permian Basin.

Markets

Shale producers see deep freeze hitting thousands of barrels of output

Occidental Petroleum Corp, Diamondback Energy Inc and a host of smaller Permian-focused U.S. shale producers said on Monday their first-quarter oil output will be hit by a recent winter storm that knocked out power to millions in Texas.

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