Tencent eyes Africa for music app after Covid-19 streaming spike

Tencent Holdings Ltd is looking to bring its paid music app Joox to some of Africa’s most populous countries after the streaming service proved a hit in South-East Asia.

Investors fear markets not out of woods despite big rally

Covid-19: eScooter companies pull out of cities worldwide amid pandemic

Dockless scooter companies charged into cities in 2018, promising a mobility revolution with cheap, clean rides and billions in venture capital backing. Yet they soon faced roadblocks, including shaky business models, safety concerns, and fast-moving city regulators. At the start of 2020, cash-losing operators were shrinking their headcounts and vehicle fleets.

Thai central bank ready to pump Bt1 trillion into ailing financial markets

BANGKOK, March 23 (The Nation/ANN) -- The Bank of Thailand (BOT) has pledged to inject over Bt1 trillion to rescue the financial markets while the Ministry of Finance promised extra economic relief to support people affected by the Covid-19 fallout.

Italy to bolster special powers in strategic assets - officials

ROME (Reuters) - Italy is close to approving measures to bolster the special powers it has over key industries to ward off unwanted foreign interest, officials said on Sunday.

Foreigners offload local equities worth RM1.53bil as volatility persists

KUALA LUMPUR: Foreign investors continued to offload Malaysian equities last week, taking out a whopping RM1.53bil from last Monday to last Thursday, compared with a RM1.43bil outflow seen between March 9 and 12, as volatility persists.

Bank of Thailand vows market stability after bond yields jump

BANGKOK: The Bank of Thailand is seeking to backstop market stability after a jump in bond yields stoked concerns that stresses are building up.

Credit turmoil is closing in on Japan’s US$650bil market

TOKYO: Japan’s corporate bond market had been an oasis of calm in recent weeks, with deals staying steady even as the coronavirus pandemic caused the worst sell-offs elsewhere since the global financial crisis. That’s now changing.

Gojek raises US$1.2b to take on Grab

SINGAPORE: South-East Asian ride-hailing giant Gojek has raised US$1.2bil for expansion, defying tech-sector turbulence and the coronavirus (Covid-19) pandemic to secure funds to take on Grab Holdings Inc.

Ride-hailing giant Gojek raises US$1.2bil for clash with Grab

SINGAPORE: Southeast Asian ride-hailing giant Gojek has raised $1.2 billion for expansion, defying tech-sector turbulence and the coronavirus pandemic to secure funds to take on Grab Holdings Inc.