Shares in online video platform Kuaishou Technology tripled on their Hong Kong stock market debut on Friday, driven by massive demand from mom-and-pop investors amid a global retail trading frenzy.
JAKARTA: Indonesia's economy shrank 2.07 per cent in 2020, its first contraction since 1998, as it grappled with the fallout of the COVID-19 pandemic, official data showed on Friday (Feb 5). Economists in a Reuters poll had forecast a 2 per cent slump in 2020, following 5.02 per cent growth in...
YANGON: The Myanmar military's shutdown of Facebook access following the ouster of the democratically elected Aung San Suu Kyi caps years of tension between the social media company and the most powerful institution in a nation where Facebook is used by half the population. The military on ...
Samsung Electronics Co Ltd is considering Austin, Texas, as one of the sites for a new US$17 billion chip plant that the South Korean firm said could create 1,800 jobs, according to documents filed with Texas state officials.
China's Semiconductor Manufacturing International Corp (SMIC) cannot meet customer demands for certain mature technologies and its plants have been running "fully loaded" for several quarters, it said on Friday.
Activist investor Jeff Ubben is being considered for a board seat at Exxon Mobil Corp, Bloomberg News reported on Thursday, citing people familiar with the matter.
SINGAPORE: Thai Beverage, controlled by one of Thailand's richest men, plans to sell a 20 per cent stake in its regional beer business via a Singapore listing, in what is set to be the largest initial public offering in the country in nearly a decade. In a statement filed to...
Samsung Electronics Co Ltd is considering Austin, Texas, as the site for a new US$17 billion chip plant that the South Korean firm said could create 1,800 jobs, according to documents filed with Texas state officials.
TOKYO: SoftBank Group is expected to extend earnings recovery when it reports third-quarter results on Monday as frothy markets drive a rally in the value of its tech investment portfolio and offer fertile ground for listings. The Japanese conglomerate is seen posting a net profit of 171 billion ......
- Asian futures were little changed in early trading after progress in vaccine distribution and a large U.S. stimulus program sent two major Wall Street indexes to record closing highs.
