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Markets

Hong Kong tourism stocks take hit as virus spooks investors

Tourism-linked stocks sank in Hong Kong on Tuesday with investors spooked by confirmation that a deadly virus in China can be transmitted between humans, while confidence was also hit by Moody's decision to downgrade the city's credit rating.

Markets

Air France-KLM, Japan Airlines among suitors for Malaysia Airlines: Sources

KUALA LUMPUR: Malaysia Airlines has received investment proposals from several aviation companies, including one from Air France-KLM, which wants as much as a 49 per cent stake, according to sources with knowledge of the matter. Japan Airlines (JAL) is looking at a 25 per cent stake, while ...

Markets

Grab to revise rewards programme, reduces points earned per transaction

SINGAPORE: Grab’s loyalty programme GrabRewards will soon undergo a revamp that will see fewer points earned per transaction, the company announced on its website on Monday (Jan 20). Starting Mar 2, the ride-hailing operator will reduce the number of points users can earn per transaction to ...

Markets

Logitech’s adjusted operating income rises 5.9%

Logitech International SA reported a 5.9per cent rise in adjusted operating income for the third quarter on Tuesday, boosted by higher demand for its gaming and video conferencing products.

Markets

Uber sells Indian food delivery arm to Ant Financial-backed Zomato

Uber has sold its online food-ordering business in India to local rival Zomato in exchange for a 9.99per cent stake in the startup backed by China's Ant Financial, limiting its exposure to a crowded market where it has struggled to grow.

Markets

China property giant Greenland Group forms consortium to join digibank fray

CHINESE real estate developer and state-owned enterprise Greenland Group, through its investment arm Greenland Financial, has formed a consortium with partners including Chinese financing platform MinIPO to vie for a wholesale digital banking licence in Singapore.

Markets

China property giant Greenland Group to join digibank fray: Lianhe Zaobao

CHINESE real estate developer and state-owned enterprise Greenland Group, through its investment arm Greenland Financial, has formed a consortium with partners including Chinese financing platform MinIPO to vie for a wholesale digital banking licence in Singapore.

Markets

Asia shares lurch lower, Wuhan pneumonia risks mount

SYDNEY: Asian shares took a sudden lurch lower on Tuesday (Jan 21) as mounting concerns about a new strain of pneumonia in China sent a ripple of risk aversion through markets. Safe-haven bonds and the yen edged higher as investors were reminded of the economic damage done by the...

Markets

Logitech’s adjusted operating income rises 5.9per cent

Logitech International SA reported a 5.9per cent rise in adjusted operating income for the third quarter on Tuesday, boosted by higher demand for its gaming and video conferencing products.

Markets

ComfortDelGro gets A$25m green loan to finance hybrid bus fleet in Australia

COMFORTDELGRO'S Australian subsidiary has secured a A$25 million (S$23.1 million) green loan from OCBC Bank to finance its hybrid bus fleet in Victoria, the transport giant announced in a media statement on Tuesday. 

Markets

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