NEW DELHI: Indian content-sharing platform ShareChat has raised US$145 million in fresh funding from Singapore's Temasek Holdings and two other investors, giving it a valuation of US$2.88 billion, the company told Reuters on Tuesday (Jul 27). The funding signals growing fascination for Indian ...
SK Hynix said on Tuesday it expects strong memory chip demand to run on for the rest of 2021 on data centre build-outs and the use of more sophisticated chips in smartphones, as it reported its biggest quarterly profit in more than two years.
WASHINGTON: Blue Origin owner Jeff Bezos wrote an open letter to NASA on Monday offering a $2 billion discount to allow his company to build a moon lander. The human landing system (HLS) contract, worth US$2.9 billion, was awarded to rival SpaceX in April, but Blue Origin and a third...
CGS-CIMB has downgraded its call on iFast to "hold" from "add" as it sees limited upside for stronger trading when regional economies reopen in the coming months.
Singapore-based business payments firm Nium raised more than US$200 million in fresh funds in a round led by tech investor Riverwood Capital, it said on Monday (Jul 26), as it joined the "unicorn" club of start-ups valued at more than US$1 billion. Including the latest round, which also saw...
Profits at China's industrial firms rose 20per cent in June from a year earlier to 791.8 billion yuan (US$122.27 billion), official data showed on Tuesday.
Asian equity markets rose cautiously Tuesday, after touching year to date lows the day before, with traders keeping at least half an eye on the United States where major companies report earnings and the Federal Reserve meets on policy this week.
Oil prices were steady on Tuesday with investors betting tight supply and rising vaccination rates will help offset any impact on demand due to surging COVID-19 cases worldwide.
China Evergrande Group, the country's most indebted property developer, said on Tuesday it would cancel a special dividend proposal, citing the current market environment, the rights of shareholders and creditors.
Global economic growth prospects are holding strong for this year and next, despite a significant majority of economists in Reuters polls warning new variants of the coronavirus pose the biggest risk to that outlook.
