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A woman using a mobile phone walks behind a Singtel signage at their head office in Singapore February 11, 2016.

Singtel expects to report loss for 2024 second-half; flags $2.3 billion impairment

Reuters |Updated 32 minutes ago |1 min read

(Reuters) - Singapore Telecommunications said on Monday it expects to report a net loss for second-half of fiscal year 2024, as it flagged exceptional non-cash impairment provisions of S$3.1 billion ($2.28 billion) for the period. The company ...

A man walks past the AIA Central in Hong Kong's financial district February 25, 2011.

Insurer AIA's first-quarter new business value rises 31%, announces $2 billion buyback

Reuters |Updated 1 minutes ago |1 min read

(Reuters) - Hong Kong-based insurer AIA Group on Monday posted a 31% rise in its first-quarter value of new business (VONB) on a constant exchange currency basis and announced an additional $2 billion share buyback. AIA's VONB, which gauges ...

Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023.

Morning bid: Helter-skelter yen, US tech tonic

Jamie McGeever |Updated 1 minutes ago |3 min read

By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. Asian stocks should open on Monday buoyed by Friday's tech-led surge on Wall Street, while investors will be scrambling to make sense of the latest twist in the Japanese ...

Workers talk on their mobile phones, as a Maersk container is transported by a train, near a port of Barcelona, Spain April 26, 2024.

Nigeria secures $600 million Maersk investment in seaport infrastructure

Reuters |Updated 2 hours ago |1 min read

ABUJA (Reuters) - Nigeria secured a $600 million investment in seaport infrastructure from Danish shipping company A.P. Moller-Maersk, the presidency said in a statement on Sunday. The investment was secured during a meeting between President ...

The logo of Deutsche Bank is seen in Brussels, Belgium December 6, 2022.

Deutsche Bank to assess options for possible Postbank settlement

Reuters |Updated 3 hours ago |1 min read

FRANKFURT (Reuters) - Deutsche Bank said on Sunday that it would "carefully assess" options for a possible settlement in litigation over its takeover of Postbank that has required it to make provision for claims of up to 1.3 billion euros ...

Cosmetic products displayed in the window of a L’Occitane cosmetics store in central Paris, France, February 6, 2024.

L'Occitane's billionaire owner close to possible $7 billion buyout bid, Bloomberg reports

Reuters |Updated 2 hours ago |1 min read

(Reuters) -The billionaire owner of L'Occitane International is close to making a proposal to take the French skincare firm private as early as Monday in a deal that could value it at about $7 billion including debt, Bloomberg News reported. Chairman ...

A Hyundai logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024.

Hyundai Motor, Kia Corp sign agreement with China's Baidu on connected car technology

Reuters |Updated 14 hours ago |1 min read

SEOUL (Reuters) - Hyundai Motor and Kia Corp on Sunday said the companies have signed a memorandum of understanding (MOU) with Baidu Inc to develop technologies for connected cars. (Reporting by Cynthia Kim; Editing by Tom Hogue)

The company logo of China International Capital Corporation Ltd (CICC), China’s first joint venture investment bank, is displayed at a news conference at the company's annual results in Hong Kong on March 30, 2016.

Exclusive-Chinese brokerage CICC cutting dealmakers' base pay by 25%, sources say

Julie Zhu, Selena Li |Updated 14 hours ago |3 min read

By Selena Li and Julie Zhu HONG KONG/SHANGHAI (Reuters) - China International Capital Corp (CICC) is cutting the base pay of onshore investment bankers by as much as 25%, three sources said, in a major effort to reduce costs amid volatile ...

Bangkok's skyline is photographed during sunset in Bangkok, Thailand, July 3, 2023.

Thai ex-executive Pichai named finance minister, faces growth challenge

Orathai Sriring |Updated 17 hours ago |2 min read

By Orathai Sriring BANGKOK (Reuters) - Thai former energy executive Pichai Chunhavajira was named the country's finance minister on Sunday, facing a tough task to revive Southeast Asia's second-largest economy. Pichai, 75, an adviser to Prime ...

Visitors check a Tesla Model 3 car next to a Model Y displayed at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China February 4, 2023.

Exclusive-Elon Musk heading to China for visit to Tesla's second-biggest market, sources say

Reuters |Updated 16 hours ago |1 min read

SHANGHAI (Reuters) - Tesla CEO Elon Musk was on a flight heading to Beijing on Sunday to kick off a surprise trip in the electric vehicle maker's second-biggest market, according to two people with knowledge of the matter. Musk is seeking to ...

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