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Group transforming into institutionalised corp
Philippine shares fell sharply on Monday, as rising Covid-19 cases prompted new local restrictions, while the latest rise in US bond yields quelled appetite for the region's other emerging markets.
NEW YORK: A billionaire hedge fund manager has paid US$105mil to New York, the biggest fine of its kind in the state, after being accused of dodging tax liability in 2017 on hundreds of millions of dollars in deferred investment fees.
SAO PAULO: Brazilian delivery startup Loggi Tecnologia Ltd, which is backed by SoftBank Group Corp and Microsoft Corp, raised 1.15 billion reais (US$205mil) in its latest funding round that now values the company at close to US$2bil.
JOHANNESBURG: Bondholders of South Africa’s state-owned electricity company are watching the latest round of rescue talks from a distance.
HONG KONG (AFP): Equity markets suffered another sell-off Friday on fears that an expected strong global economic recovery this year will fan inflation and force central banks to hike interest rates, despite reassurances that ultra-loose monetary policies will be kept in place for as long as needed.
KOTA KINABALU: Saham Amanah Sabah (SAS) has declared its first Interim Income Distribution for 2021 of 4.2%, with RM51.7mil to be paid to 49,626 investors.