Growth in China's June factory activity dipped to a four-month low on higher raw material costs, a shortage of semiconductors and a COVID-19 outbreak in the major export province of Guangdong, amid wider supply chain disruptions in Asia.
HONG KONG -Chinese electric vehicle maker Xpeng Inc will raise US$1.8 billion by pricing its shares at HKUS$165 (US$21.25) each as part of its Hong Kong dual primary listing, two people with direct knowledge of the matter said. The people declined to be identified as the information was not...
BANK lending in Singapore rose 0.2 per cent in May as business loans pick up and loans to consumers hold steady, data from the Monetary Authority of Singapore showed on Wednesday.
Oil prices on Wednesday extended the previous day's small gains after an industry report showed U.S. crude stockpiles fell last week, overriding trader and investor concerns about transportation curbs in some countries as COVID-19 cases surge.
HONG KONG: Chinese bubble tea chain Nayuki edged down on its Hong Kong market debut Wednesday (Jun 30) after raising more than US$650 million in an IPO that marked the culmination of a literal labour of love for the co-owners who created the firm on a blind date. The company...
Chinese ride hailing company Didi Global Inc raised US$4.4 billion in its U.S IPO on Tuesday, pricing it at the top of its indicated range and increasing the number of shares sold, according to two sources familiar with the matter.
BANGKOK: As tourism-reliant Thailand struggles with a collapse in foreign visitors, the country's auto sector is picking up some of the slack with the value of car exports tipped to surge to a record this year as the global economy reopens. The Southeast Asian nation is Asia's second-most popular...
Australian software provider Nuix Ltd said on Wednesday that it was being investigated by a regulator over suspicion its financial statements for three years to June 2020 and the prospectus issued prior to its IPO breached corporate law.
Activity in China's services sector grew at a slower pace in June, official data showed on Wednesday as COVID-19 curbs from a resurgence in cases in Southern China restrained a rebound in consumption.
Lawyers fighting the extradition of Huawei's chief financial officer to the United States on Tuesday presented internal emails from British bank HSBC that they said disproved U.S. claims that Huawei misled the bank.
