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29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )
18/04/2024 Apple CEO Tim Cook says it is considering a manufacturing facility in Indonesia ( Electronics )
18/04/2024 Google Maps to show alternate transit and walking directions along with driving routes ( General )

Retail Asia26/08/2022

Tesla’s shares closed 2% lower on Thursday as a three-for-one stock split announced by the world’s most valuable automaker to woo retail investors came into effect. The stock opened at $302 and closed at $296.07 as the split allowed investors to get two additional shares for each they owned as of Aug. 17. It had […]

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Retail Asia03/03/2022

Around a decade back, HTC was one of the biggest smartphone makers in the world but has almost sunk into oblivion in recent times. The company never announced a retreat from the market, and even though it scaled back operations after selling a chunk of its business to Google in 2018, it still quietly sells affordable […]

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Retail Asia04/02/2022

Facebook’s parent company Meta is currently undergoing one of the biggest stock price drops in the company’s history. Meta’s shares plummeted by more than 23% over the past 24 hours—which will ultimately result in Meta’s market cap crashing down by $210 billion, to about $689 billion. This comes as a direct result of Mark Zuckerberg’s […]

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Retail Asia04/02/2022

Yesterday we told you that Facebook parent Meta said that Apple’s App Tracking Transparency (ATT) feature, which allows iOS users to opt-out of being tracked for the purposes of receiving custom online ads, will cost Meta $10 billion in revenue this year. That bit of news, along with Meta announcing that it will fall short of […]

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Retail Asia04/01/2022

Tesla Inc’s shares started the year with stellar gains after the electric carmaker reported record deliveries for the fourth quarter, allaying fears of supply chain woes that have hit automakers. Shares of the world’s most valuable carmaker ended up 13.5% at $1,199.78 each on Monday, marking the biggest daily percentage gain in nearly 10 months. […]

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Retail Asia15/11/2021

Tesla CEO Elon Musk offloaded a combined $6.9 billion worth of shares in the electric car company this week, taking advantage of a meteoric rally that vaulted the firm’s value to over $1 trillion. The billionaire sold 1.2 million shares held by his trust for more than $1.2 billion on Friday, the latest in a […]

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Retail Asia11/11/2021

Tesla Chief Executive Elon Musk sold about $5 billion in shares, the billionaire reported in filings on Wednesday, just days after he polled Twitter users about selling 10% of his stake. In his first share sale since 2016, Musk’s trust sold nearly 3.6 million shares in Tesla, worth around $4 billion, while he also sold […]

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Retail Asia27/10/2021

When the CyberTruck was unveiled for the first time in 2019 it had these cameras which doubled as side-view mirrors. But at the time many believed that the regulators aren’t going to allow Tesla to pull off this stunt. So more recently, the car was indeed seen with mirrors. But these mirrors ruin the seamless […]

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Retail Asia05/07/2021

Alibaba co-founders Jack Ma and Joseph Tsai are reportedly pledging their shares in the Chinese e-commerce giant in exchange for significant loans from global banks. The two tech billionaires have pledged their shares to banks including UBS, Credit Suisse, and Goldman Sachs, according to a «Financial Times» report citing company documents. The shares pledged were […]

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Retail Asia05/05/2021

Online sales accounted for nearly a fifth of total retail turnover last year as lockdowns to combat the spread of the coronavirus pandemic fuelled a boom in e-commerce, a United Nations study released on Monday showed. Online sales accounted for 19 percent of overall retail sales in 2020, up from 16 percent a year earlier, […]

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Retail Asia10/03/2021

The board of budget carrier Vietjet has approved a proposal to sell 17.7 million treasury shares equivalent to 3.28 percent of its charter capital. It would help fund expansion and preparations for recovery after the pandemic this year, the airline said. Vietjet’s VJC shares closed at VND136,000 ($5.89) on March 8, and at this price […]

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Retail Asia27/05/2020

LVMH chairman Bernard Arnault will buy a stake in Arnaud Lagardere’s publishing and media group Lagardere Capital & Management (LCM). The transaction between the two French billionaires is expected to see Arnault pick up about a quarter of LCM’s share capital, according to a Reuters report. Lagardere’s portfolio includes numerous global travel retail stores, many […]

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Retail Asia19/08/2019

Following the relaxation of foreign ownership limits in China, Nomura will seek to launch its joint venture operation in China within 2019 and shares its strategy and view on the market. According to Nomura Securities, its new 51 percent-owned joint venture will initially focus on the wealth management business before gradually expanding into other areas […]

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Retail Asia22/05/2019

Apple reported that it barely topped Wall Street estimates for iPhone and Services revenue during its fiscal second quarter, which ran from January through March. The company took in $31.05 billion from sales of its smartphones during the quarter, barely topping the $31.03 billion that Wall Street expected. Since the end of the fiscal fourth quarter, […]

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Retail Asia19/04/2019

Elon Musk saw $1.1 billion wiped from his net worth in the first two minutes of New York trading as Tesla Inc. shares sank as much as 11 percent. The fall cut his net worth to $22.3 billion on the Bloomberg Billionaires Index as of 9:32 a.m. The electric-car maker had reported a record decline […]

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Retail Asia19/03/2019

Countdown was one of the first companies in New Zealand to adopt a family violence leave policy across its business, and it is encouraging other retailers to do the same by the sharing the positive impact its policy has had for employees since it was implemented in November 2016. Last week, Kiri Hannifin, the supermarket’s […]

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Retail Asia28/02/2019

Wall Street’s three major indexes ended higher on Monday but well below the session’s highs after President Donald Trump said he would delay a planned hike in tariffs on Chinese imports. Postponement of the tariff deadline was seen as the clearest sign yet the two countries were closing in on an agreement to end their […]

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Retail Asia28/02/2019

Petronas Chemicals Group Bhd’s share price up 0.66% or 6 sen this morning, after its net profit jumped 27.9% to RM1.29 billion for the fourth quarter ended Dec 31, 2018 (Q4). As at 11.56am, the stock stood at RM9.22 with 2.93 million shares changing hands. The group said the higher profit was due to lower […]

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Retail Asia18/02/2019

Alibaba subsidiary Ant Financial says it plans to buy UK-headquartered money-transfer company WorldFirst. And in separate news, the Chinese e-commerce behemoth is in discussions over investing in the Metro China wholesale retail business. The WorldFirst deal will allow Ant Financial to gain market share in Europe’s fintech and payments industries and will give it an […]

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Retail Asia14/02/2019

Asian stocks climbed Wednesday as US President Donald Trump said he could extend the deadline for a trade deal with China, appearing to boost the prospects of an agreement. Trump said “things are going well” at preliminary talks in Beijing, where top economic officials will gather Thursday seeking an accord to stop sharp US tariff […]

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