FILE PHOTO: AirAsia planes are seen parked at Kuala Lumpur International Airport 2, during the movement control order due to the outbreak of COVID-19, in Sepang, Malaysia on Apr 14, 2020. KUALA LUMPUR: AirAsia is gearing up for the resumption of flights between Malaysia and Singapore, including the Kuala […]
Business
NEW YORK: Alphabet Inc borrowed US$10 billion in the investment-grade corporate debt market on Monday (Aug 3), the Google parent’s largest bond issue, which it secured at its lowest-ever cost of financing. Of the US$10 billion on offer, the US$1 billion five-year tranche was issued at a coupon of 0.45 […]
SEOUL: Samsung Electronics on Tuesday (Aug 4) denied a media report that it is considering buying a small stake in SoftBank Group’s chip company Arm Holdings. The Korea Times newspaper reported Samsung’s interest in buying a minority stake of between 3 per cent and 5 per cent in the British […]
Vodafone Idea has let go off around 1,200 – 1,500 permanent employees since May 2020 in a bid to cut its operational costs. Vodafone Idea Limited (VIL) has laid off nearly 1,500 employees from across the country in a bid to cut its costs. The move follows an earlier decision […]
A potential shotgun wedding to Microsoft Corp for TikTok’s U.S. operations provoked an outcry on Chinese social media as well as criticism from a prominent Chinese investor in TikTok owner ByteDance. BEIJING/HONG KONG: A potential shotgun wedding to Microsoft Corp for TikTok’s U.S. operations provoked an outcry on Monday on […]
Alphabet Inc’s Google is buying a 6.6per cent stake in home security firm ADT Inc for US$450 million in a deal that will allow it to provide service to customers of its Nest home security devices. REUTERS: Alphabet Inc’s Google is buying a 6.6per cent stake in home security firm […]
Wall Street’s main indexes opened higher on Monday as Microsoft’s pursuit of TikTok’s U.S. operations and a clutch of upbeat quarterly earnings reports lifted sentiment in the absence of a fiscal coronavirus relief deal. REUTERS: Wall Street’s main indexes opened higher on Monday as Microsoft’s pursuit of TikTok’s U.S. operations […]
Luxury carmaker Ferrari trimmed its full-year earnings forecast on Monday after second-quarter income plunged due to supply chain and production disruptions during the coronavirus pandemic. MILAN: Luxury carmaker Ferrari trimmed its full-year earnings forecast on Monday after second-quarter income plunged due to supply chain and production disruptions during the coronavirus […]
SINGAPORE: The National Wages Council (NWC) will meet a second time this year to update the tripartite position on wages, as the COVID-19 pandemic continues to impact the labour market. Manpower Minister Josephine Teo announced this on Monday (Aug 3), after a meeting with National Trades Union Congress (NTUC) secretary-general […]
SINGAPORE: Singapore’s factory activity expanded slightly in July after five months of contractions. The Purchasing Managers’ Index (PMI) for July came in at 50.2, up 2.2 points from the previous month, according to data released by the Singapore Institute of Purchasing and Materials Management (SIPMM) on Monday (Aug 3). A […]