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The Ministry of Foreign Affairs' spokesperson of Vietnam Government has condemned content falsely portraying the South China Sea issue.
SINGAPORE: Banks are facing billions of dollars in losses after a little-known US investment firm, Archegos Capital Management, defaulted last month on margin calls, forcing a brutal near US$30bil (S$40.4bil or RM124.14bil) stock fire sale.
TOKYO (Reuters) - Toyota Motor Corp unveiled on Thursday new models of Lexus and Mirai in Japan, equipped with advanced driver assistance, as competition heats up to develop more self-driving and connected cars.
Zurich: Credit Suisse Group AG on Tuesday announced an estimated loss of 4.4 billion Swiss francs ($4.7 billion) from its relationship with Archegos Capital Management LP, suspended a share buyback programme and cut its proposed dividend.
NEW YORK: As in the US, initial public offering (IPO) activity out of Asia has had its strongest-ever start to a year. That frenzy for new shares is likely to taper off as demand falls back to earth in the next few months.
SINGAPORE: Facebook Inc co-founder Eduardo Saverin’s B Capital Group is moving into China, hiring former SoftBank Vision Fund partner Daisy Cai to help it hunt down promising startups.
SINGAPORE (The Straits Times/ANN): Banks are facing billions of dollars in losses after a little-known US investment firm, Archegos Capital Management, defaulted last week on margin calls, forcing a brutal near US$30 billion (S$40.4 billion) stock fire sale.
SHANGHAI (Reuters) - Smartphone maker Xiaomi has joined a rush of Chinese tech companies venturing into the semiconductor sector, announcing on Wednesday a new chip to help smartphone cameras process images.
HONG KONG: China is considering establishing a stock exchange to attract overseas-listed firms and bolster the global status of its onshore share markets, two people with knowledge of the matter told Reuters.