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Collapse in BTS label's shares sparks S.Korean soul searching over IPO process
SEOUL: Big Hit Entertainment Co., the management label behind K-pop sensation BTS, debuted with a bang, but its dramatic crash after a pop on the first day of trading is causing South Korean regulators to seek safeguards for mom-and-pop investors.
Global rich rushing to buy UK country estates
LONDON: Last month, Savills listed the Bowden Park estate for £35 million ($46.4 million). The property includes a 15,900-square-foot, 18th century mansion set amid 22 acres of manicured gardens and 1,400 acres of farmland in Wiltshire, which is about a two-hour drive from central London.
Mercedes bets on evolution as Tesla touts revolution in automated driving
IMMENDINGEN, Germany: As Tesla touts the cutting-edge nature of its new Full Self Driving software, rival Mercedes-Benz says it has developed a similar system but stops short of allowing members of the public to take it on urban roads.
Li Ka-shing cuts Husky oil risk with US$2.9bil Cenovus deal
HONG KONG: Li Ka-shing, Hong Kong’s richest man, is unwinding a bet he placed on oil more than three decades ago by paring his group’s stake in Husky Energy Inc, a Canadian asset dealing with mounting losses.
Building sandcastles amid a tsunami
IMAGINE a beautiful beach where families are gathered on a clear day with blue skies. Different families are building sandcastles, whilst some are playing on the beach. No one is watching that a tsunami of different waves is approaching the shore.
Yinson still upbeat about FPSO project
PETALING JAYA: Yinson Holdings Bhd will continue to participate in the bidding of the Parque das Baleias floating production storage and offloading (FPSO) as it is confident it can secure the tender.
Gulf currency pegs offer silver lining in era of weaker dollar
DUBAI: More than a decade ago, Gulf Arab nations struggled to preserve their currency pegs as the US dollar went into retreat. This time, the link to a sliding greenback may give reassurance.
Insight - We’re looking at the glass half-empty recovery
THE global economic ascent has begun. From encouraging data in Singapore to less-dire global forecasts and earnings from banking behemoths, the corner appears to have been turned on a disastrous period of economic history. But the skid marks won’t easily be scrubbed away.
China stock market tops US$10 trillion for first time since 2015
BEIJING: Chinese domestic equities are worth more than US$10 trillion for the first time since 2015, when a record crash erased half the market’s value in months and saddled millions of investors with losses.
Insight - Next big shift in economics takes shape under Covid shadow
A rare regime-change in economic policy is under way that’s edging central bankers out of the pivotal role they have played for decades.
