German payments company Wirecard said on Thursday it was filing to open insolvency proceedings after disclosing a US$2.1 billion financial hole in its accounts.
Chinese internet giant Tencent said Thursday it had bought some assets of struggling Asian streaming service iflix, in a major expansion of its online video presence in the region.
Unilever is considering marketing changes to its dominant line of skin lightening creams, according to a company source in South Asia, even as the company and its rivals face a growing global social media backlash against such products.
Unilever is considering marketing changes to its dominant line of skin lightening creams, according to a company source in South Asia, even as the company and its rivals face a growing global social media backlash against such products.
Restaurant chain Chuck E. Cheese parent CEC Entertainment Inc said on Thursday the company and its domestic affiliates have filed for Chapter 11 bankruptcy as a result of the ongoing coronavirus crisis.
SWISS Re Finance (UK) will issue S$350 million in 15-year subordinated notes guaranteed by reinsurance giant Swiss Re.
SINGAPORE-BASED Circles.Life has partnered AXA Insurance to offer insurance coverage to the digital telco's users.
SINGAPORE: Singapore-based budget airline Jetstar Asia will cut up to 180 jobs - about 26 per cent of its workforce - and extend the furlough of the majority of its staff until December as part of its COVID-19 recovery plan. Jetstar Asia chief executive officer Bara Pasupathi said on Thursday (Jun ......
SoftBank Group Corp Chief Executive Masayoshi Son said at an annual shareholders' meeting on Thursday the equity value of the group's holdings has recovered to pre-coronavirus pandemic levels.
Weak demand is forcing U.S. employers to lay off workers, keeping new applications for unemployment benefits extraordinarily high, even as businesses have reopened, buttressing views the labor market could take years to recover from the COVID-19 pandemic.
