BEIJING: China fined 11 companies including tech giant Tencent on Friday (Apr 30), taking aim at their acquisitions and joint ventures as authorities target monopolistic practices. The penalties come weeks after e-commerce giant Alibaba was hit with a US$2.78 billion fine by China's market ...
TikTok has appointed Singaporean Shou Zi Chew as the new chief executive officer of the popular video-sharing platform.
China has taken initial steps to improve protection of US know-how under the "Phase One" trade pact, but must go further and implement those measures, the top US trade negotiator said Friday.
Even though economic recovery is narrow for now, the momentum for growth is strong, and businesses should build on this to embrace transformation fully, says SBF CEO Lam Yi Young.
It provides critical back-end staff to other countries, particularly in finance and health. Coupled with its role in pharmaceutical supply, it is imperative everyone pitches in to help India, says this economist.
Brazil raked in a larger-than-expected $4 billion Friday auctioning the operating rights to the Rio de Janeiro water and sewer system, a win for President Jair Bolsonaro and his privatization agenda.
UOB is considering downsizing its office space as hybrid work arrangements gain momentum, but the bank's chief executive officer and deputy chairman Wee Ee Cheong does not expect too significant a reduction in real estate.
DBS on Friday showed the blistering pace at which Singapore banks have recovered from the pains felt during the global Covid-19 outbreak last year as Singapore's largest bank cracked the S$2 billion mark in quarterly net profit.
Private equity (PE) has generally outperformed public markets over the long term. Over a 25-year period, a Cambridge Associates index tracking PE funds saw 13.2 per cent annual returns, higher than the modified public market equivalent annual returns from the S&P 500 and MSCI World indices of 8.7...
The fast-growing video-sharing app TikTok named a new top executive Friday who will keep his responsibilities at Chinese parent firm ByteDance.
