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Tumultuous 2020 rewards investors who stared down turmoil
THE bell has just tolled on one of the wildest years in Wall Street history, full of precipitous plunges, improbable rebounds and human tragedy.
UK economy grew by record 16% in Q3 after first lockdown slump
LONDON: Britain's economic recovery from its coronavirus crash was a bit quicker than previously thought in the July-September period, according to official data which also showed government borrowing soaring to pay for the coronavirus crisis.
Jio sells US$873mil stake to General Atlantic
MUMBAI: Billionaire Mukesh Ambani has extended his fund-raising streak for Jio Platforms Ltd by selling a US$873mil stake to General Atlantic, an early investor in Airbnb Inc and Uber Technologies Inc.
Outdoor advertising market to stay buoyant
PETALING JAYA: The outdoor advertising or out-of-home (OOH) market at large is expected to remain buoyant despite a shrinking advertising expenditure (adex) with the slowing economy as marketers take a cautious stance and adopt a wait-and-see attitude.
China shares end higher as central bank calms virus fears
SHANGHAI/HONG KONG: Chinese stocks ended higher on Tuesday as the central bank vowed to stabilise the market, regaining some ground from the coronavirus-led rout that erased almost $400 billion in market value from the Shanghai benchmark in the previous session.
Retail boost
Encouraging more retail investors to put money in equities will enhance market vibrancy.
Rakuten has generated RM5bil in trading value since 2017
PETALING JAYA: Rakuten Trade Sdn Bhd has generated almost RM5bil in trading value and more than 32,500 accounts to date since its inception in May 2017.
A German bank’s woes could ripple through the banking system
FRANKFURT: German efforts to recapitalise one of the country’s largest public-sector lenders have hit an impasse that threatens to send ripples through a key pillar of the banking system.
LVMH-backed buyout firm invests in top Chinese gym chain Will's
SINGAPORE: Consumer-focused private equity firm L Catterton Asia is investing in Will’s Group, one of China’s biggest private gym operators, in a bet that yoga and body pump classes will take off in the country.
PUC buys 33% of Pictureworks
KUALA LUMPUR: PUC Bhd is proposing to buy a third of the shares in a company that provides imaging services to Kidzania and Legoland for RM52.8mil under a plan to expand its advertising and media revenue base
