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Singapore's Temasek says global economic outlook remains volatile
SINGAPORE: Singapore state investor Temasek Holdings said on Tuesday that the global economic outlook remained volatile, with the coronavirus crisis and geopolitical tensions creating significant uncertainties in the near term.
Temasek sees portfolio value fall in ‘volatile’ times
SINGAPORE: State-owned Temasek Holdings, one of the world’s biggest investors, has seen its net portfolio value fall 2.2% to S$306bil (US$224bil) in the year to March 2020, the first drop in four years.
Temasek’s China exposure surpasses S’pore for 1st time
This follows gains in companies such as Alibaba
SoftBank tests investor faith
TOKYO: Just when investors thought Masayoshi Son was reining in risk at SoftBank Group Corp, the Japanese billionaire’s foray into highly leveraged derivatives is giving them fresh reason to worry.
U.S.-listed Chinese firms trade lower
NEW YORK, Sept. 8 (Xinhua) -- U.S.-listed Chinese companies traded roughly lower on Tuesday, with all the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.
SoftBank to get US$12bil in orders for wireless stock
TOKYO: SoftBank Group Corp.’s bankers have received orders for all 1.3 trillion yen (US$12bil) of the domestic wireless unit’s stock they are selling and will probably place an over-allotment, according to people familiar with the matter.
Demand for cloud services in China increases to quarterly record high of US$4.3bil
China maintained its position as the world’s second-largest cloud services market amid record spending of US$4.3bil (RM17.91bil) in the second quarter.The market is being driven by government stimulus measures, investment by service providers, digital transformation projects and increased demand for online servicesSecond-quarter cloud spending in China accounted for 12.4 per cent of the US$34.6 billion total global investment during that period
Ele.me to give customers option to wait longer for food deliveries after backlash over risky conditions for riders
Many food delivery riders in China risk their lives to meet deadlines even under extreme weather conditions, according to a report that has gone viral. Ele.me says a new function will allow customers to indicate their willingness to wait up to 10 minutes more for deliveries, to reduce the rush for couriers.
Demand for cloud services in China increases to quarterly record high of US$4.3bil
The market is being driven by government stimulus measures, investment by service providers, digital transformation projects and increased demand for online services. Second-quarter cloud spending in China accounted for 12.4% of the US$34.6bil total global investment during that period.
TikTok owner to spend billions in Singapore after US ban
ByteDance Ltd, the Chinese owner of video-sharing app TikTok, is planning to make Singapore its beachhead for the rest of Asia as part of its global expansion, according to people familiar with the matter.
