HSBC slashes bonus pool by $600 million in Q1
The bonus pool shrank despite a 55 percent surge in the bank’s second quarter revenue
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DBS, United Overseas Bank see slump in profits
The net income of DBS shrank by 22 percent compared to a year earlier
The Philippines enters recession amid Covid-19 pandemic
The economy slumped by 16.5 percent in the last three months
Wiserfunding seeks to foray into Indian market
The company will inject $3 million to $5 million for the development
Hong Kong’s pre-owned homes sales slump amid Covid-19 pandemic
Several buyers have shifted their interest toward new project
Alibaba Health plans to secure $1.06 billion through share sale
The company is offering 400 million new shares for the deal
Global oil prices increase for the first time in six months
Many economies have resumed manufacturing activities
Grab secures $200 mn funding from Stic Investments
The capital infusion puts Grab’s valuation at $14.3 billion
Seven & i takes over Marathon Petroleum’s Speedway gas stations for $21 bn
The acquisition will help Seven & i to increase its store count in Canada and the US
Asian petroleum refiners worry over imbalance in demand and supply
Petrol refining margins slumped to 4 cents per barrel in the last week of July