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Coinbase reveals healthy revenue growth, profit in listing application with SEC
(Reuters) - Coinbase Global Inc on Thursday disclosed its regulatory filing to go public, revealing surging revenue growth and healthy earnings and setting the stage for a landmark stock market listing for the U.S. cryptocurrency exchange.
Facebook’s small sacrifice to Australia helps keep empire intact
Australia on Feb 25 passed a world-first law aimed at forcing Google and Facebook Inc to pay for news. But after a forceful intervention from the world’s biggest social network, the reality is Silicon Valley’s titans are paying a small price for cementing their influence over the media industry.
Saham Amanah Sabah declares interim income distribution of 4.2%
KOTA KINABALU: Saham Amanah Sabah (SAS) has declared its first Interim Income Distribution for 2021 of 4.2%, with RM51.7mil to be paid to 49,626 investors.
Public Bank posts net profit of RM4.87bil in FY20, declares 13 sen payout
KUALA LUMPUR: Public Bank Bhd posted lower net profit of RM4.87bil in the financial year ended Dec 31,2020 due to one-off Day One net modification loss, negative effect of the reduction in the Overnight Policy Rate (OPR) and higher loan impairment allowance.
UMB may return to profitability in FY21
KUALA LUMPUR: United Malacca Bhd (UMB) is expected to return to profitability in the financial year 2021 (FY21) with a core net profit of RM22mil, says CGS-CIMB Research.
Philippines food giant Jollibee eyes 450 new, mostly overseas stores as it sees rebound in 2021
MANILA, Feb 15 (Bloomberg): Jollibee Foods Corp will boost capital spending by a fifth to open 450 new stores mostly overseas, as the Philippines’ largest restaurant operator foresees a return to profit this year following its first annual loss in nearly three decades.
The week ahead - Earnings, S'pore budget, GDP,
THE focus this week will be on corporate earnings as more companies are due to release their results for the fourth quarter of last year.
Twitter beats Q4 sales estimates
NEW YORK: Twitter Inc reported fourth-quarter revenue that topped analysts’ estimates, capitalising on a robust holiday season for digital advertising, though the social network added fewer new users than projected and warned that audience gains in 2021 will slow compared with last year’s pandemic-fuelled surge.
SunREIT shows resilience
PETALING JAYA: Sunway Real Estate Investment Trust (SunREIT) will be able to weather the current office oversupply situation, given the resilience of the group’s office segment.
Amundi CEO steps down from Europe's biggest fund manager
PARIS: Amundi Chief Executive Yves Perrier is stepping down after more than a decade running Europe's largest fund manager and will be succeeded by his deputy Valérie Baudson, the group said on Friday.
