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Microsoft Corp’s potential acquisition of short-video app TikTok carries myriad risks, thrusting it into the politically fraught social media business and Sino-US conflict amid increased scrutiny of big-tech companies.
SINGAPORE, Aug 3 (Reuters): Philippine stocks tumbled on Monday as data showing a plunge in May remittances accelerated a sell-off initially fuelled by concerns over a lockdown extension in and around the capital.
PETALING JAYA: The incoming state election in Sabah will not lead to a snap general election, say analysts.
HONG KONG, Aug 3 (AFP): HSBC on Monday said profits for the first half of 2020 plunged by 69 percent on year as the banking giant was hammered by the coronavirus pandemic and spiralling China-US tensions.
BENGALURU: Gold prices surged to an all-time high on Monday as fears about the economic fallout from rising COVID-19 cases boosted demand for the safe-haven metal, although gains were capped by an uptick in the U.S. dollar.
LONDON/HONG KONG: HSBC Holdings PLC posted a higher-than-expected 65% tumble in first-half pre-tax profit as the coronavirus pandemic and its impact on businesses forced the Asia-focused bank to boost its loan-loss provisions.
The Covid-19 pandemic and MCO has resulted in F&B entrepreneurs being forced to adapt and innovate with the times.
COLOMBO (Reuters) - Sri Lankan President Gotabaya Rajapaksa hopes to tighten his hold on the nation's fractious politics in an election on Wednesday that could elevate his brother and allow the two to change the constitution if they prevail.
TOKYO, Aug 3 (Reuters): Asia's factory pain continued to ease in July with contraction slowing in big export-reliant nations, adding to hopes the region is steadily emerging from the devastating hit of the coronavirus pandemic.