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Hong Kong Exchange looks for next act after record year
HONG KONG: A year anticipated to be full of headwinds for Hong Kong’s stock exchange turned euphoric instead. The challenge is now to add to the momentum.
Singapore’s biggest developer posts full-year loss
SINGAPORE: CapitaLand Ltd, Singapore’s largest developer, posted a record full-year loss after writing down the value of some investment properties and residential projects during the pandemic.
Lucid Motors to go public with US$24bil valuation
SAN FRANCISCO: Lucid Motors Inc is merging with a blank-cheque company run by financier Michael Klein that values the combined entity at a pro-forma equity value of US$24bil, the biggest in a series of deals involving electric-vehicle (EV) startups cashing in on investor appetite for battery-powered cars.
Tesla rival Lucid Motors to go public in US$24b mega SPAC deal
LUXURY electric vehicle maker Lucid Motors on Monday agreed to go public by merging with blank-check firm Churchill Capital IV Corp in a deal that valued the combined company at a pro-forma equity value of $24 billion.
Lucid Motors said to near deal to go public
CALIFORNIA: Lucid Motors Inc is nearing a deal to go public through a merger with a blank-cheque company started by investment banker Michael Klein that could be announced this week, according to people familiar with the matter.
Insight - Saudi Arabia eyes Dubai’s crown with HQ ultimatum
SAUDI Arabia has raised the stakes in a competition with freewheeling Dubai for foreign talent and cash.
Oil steady amid Texas supply disruptions, potential OPEC+ moves
SINGAPORE: Bullish oil prices marked time on Wednesday, as support from supply disruptions in the U.S. south caused by an Arctic blast was offset by expectations that OPEC+ producers may ease their output curbs after April.
Citigroup CEO's pay slashed by 21%, to US$19mil (Update)
NEW YORK: Citigroup Inc said late on Friday that outgoing Chief Executive Officer Mike Corbat's (pic) compensation for 2020 would be $19 million, a 21% decrease from 2019, according to a regulatory filing.
