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HONG KONG: China's Lenovo Group, the world's biggest PC maker, posted a better than expected quarterly profit on Thursday and said it is capturing opportunities emerging from remote working.
HONG KONG: China plans to merge domestic broker First Capital Securities with smaller rival Capital Securities, three sources said, underscoring Beijing's determination to consolidate the brokerage industry to take on the giants of Wall Street.
KUALA LUMPUR: The Asset Triple A Awards 2020 has named Maybank Islamic Bhd chief executive officer Datuk Mohamed Rafique Merican as the Asia-Pacific Islamic Banker of The Year Award for his outstanding contribution to the Islamic finance industry.
BOSTON: Asian stocks were set for broad gains on Thursday after Wall Street's S&P 500 index briefly touched record highs, as investors appeared to shrug off worries about stalled U.S. stimulus talks and a shaky economic recovery.
THE once resolute “whatever it takes” message of government support for pandemic-hit economies is fraying at the margins as some recovery from the Covid-19 shock emerges, leaving buoyant markets pondering the prospect of ebbing stimulus
HONG KONG: Alibaba-backed Best Inc is seeking a Hong Kong listing for its express delivery and freight delivery businesses, keen to boost its valuation and establish an investor base closer to China, said three sources with knowledge of the matter.
SYDNEY: Hong Kong’s Cathay Pacific Airways Ltd warned it did not expect a meaningful recovery in passenger demand for some time due to the coronavirus pandemic, after reporting a record HK$9.87bil (US$1.27bil) first-half loss
HONG KONG (Reuters) - Chinese gaming and social media giant Tencent Holdings Ltd said second-quarter net profit rose 37%, beating market estimates, on higher demand for its video games as coronavirus put a dent in other entertainment options.
KUALA LUMPUR: Banks and Genting closed higher on Wednesday but the gains were not enough to prevent the FBM KLCI from slipping into the red as investors took profit on Top Glove and Hartalega.
SYDNEY: Hong Kong's Cathay Pacific Airways Ltd reported a record HK$9.87 billion ($1.27 billion) first-half loss and said it did not expect a meaningful recovery in passenger demand for some time due to the coronavirus pandemic.