Cathay Pacific’s passenger numbers continue to be substantially lower than 2019 levels
Hong Kong-based flag carrier Cathay Pacific has said in a statement that its passenger numbers remain 99 percent lower than 2019 levels. This is mostly due to reduced capacity to combat the...
Brazil’s oil production falls 6% in Q1: Report
Brazil’s oil production during the first three months of the year dropped by 6 percent, according to National Petroleum Agency (ANP), media reports said. Brazil produced an average of about 2.8 million...
Markets mixed after Beijing approves HK security bill
Markets in Asia finished in a mixed state on Friday, as investors took a wait-and-see approach to the global reaction to Beijing’s approval of its controversial security bill for Hong Kong, which...
Chinese delivery platform Dada Nexus plans to raise $500 mn in US IPO
China-based delivery platform Dada Nexus is planning to raise around $500 million by listing for an initial public offering (IPO) in the US, the media reported.Dada Nexus listed...
Singapore’s healthcare market to reach S$29.8 billion in 2020
Singapore’s healthcare market is anticipated to reach
S$29.8 billion in 2020, media reports said. This reflects a 9 percent increase
on last year’s healthcare market growth of S$27.3 billion. That said, the
market is expected...
DP World sees surge in demand as factories resume operations in China
Dubai-based global port operator DP
World has witnessed a surge in demand as factories in China resumed operations,
which were earlier shut down due to the coronavirus outbreak, the media
reported.DP...
Oil prices lose all gains with pause in US-Iran tensions
Prices post first weekly loss in six weeks as tensions fail to disrupt any oil suppliesEasing of US-Iran tensions that threatened to boil over have wiped out all of oil’s gains from last week,...
Non-Arab net investments in UAE markets hits Dh12.5 bn
Foreign investors execute capital market trades worth Dh218 bn in 2019 in the UAE marketsThe net investments by non-Arab overseas investors in the UAE markets rose by 11 times to reach Dh12.5 billion last...
London Stock Exchange (LSE) shareholders sceptical of Hong Kong £32 bn bid
Investors have shown their concern regarding the regulatory and financial hurdles involving the deal LSE shareholders are sceptical and unwilling to let go of their ownership as Hong Kong Exchanges and Clearing (HKEX) has placed...
Expedia Group, Inc. Announces Proposed Private Offering of Senior Notes
Today, Expedia Group, Inc. ("Expedia Group") announced that it is commencing a private offering of senior unsecured notes (the "Notes"), subject to market and other conditions. If the offering is consummated, Expedia Group expects...
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