UAE hospital group Burjeel posts record full-year revenues ahead of a potential IPO
Burjeel Holdings on Thursday reported record full-year 2021 revenue of 3.35 billion UAE dirhams ($912m) and a profit for the year of 234 million UAE dirhams.
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Southeast Asia's largest bank says wealth management, capital markets business face challenges
"Business momentum is a bit mixed. Our corporate lending activities are actually doing quite well. And so the balance sheets continue to grow," DBS Group CEO Piyush Gupta said.
Hong Kong's Hang Seng lead gains in Asia; Alibaba rises more than 4% ahead of earnings
Asia-Pacific shares traded higher on Thursday as investors move on from the tensions over U.S. House Speaker Nancy Pelosi's controversial visit to Taiwan.
India’s currency is under pressure — and analysts say the rupee could test new lows
Analysts say the Indian rupee could test new lows of 82 against the dollar as a perfect storm of global headwinds continue to pummel the currency.
Asia markets mostly higher as investors monitor Pelosi's visit to Taiwan
Shares in the Asia-Pacific were mostly higher Wednesday after a negative session on Tuesday.
Singaporeans with low incomes continue to face the lowest wage growth, DBS says
Low-income earners in Singapore will face the lowest growth in wages and the biggest jump in household expenses as inflation rises, according to DBS.
How two teens built an app worth $900 million — Zepto’s founders share three tips
It took just nine months for these Stanford dropouts to bring Zepto to a valuation of $900 million. Here's their advice on how to build a successful business.
Biden to sign bill boosting China competition and U.S. chip production
The Chips and Science Act includes more than $52 billion in funding for U.S. companies producing computer chips, among other provisions.
Chinese e-commerce giant Alibaba teams up with Tesla rival Xpeng on tech for driverless cars
For Xpeng, the move marks its ambitions to pull ahead in China's fiercely competitive electric vehicle market and attempt to challenge giants Tesla and BYD.
China shares slide, Asia markets drop as geopolitical tensions rise over Pelosi visit
Local media reports citing unnamed sources said Pelosi would go ahead with her visit to Taiwan, a self-ruled island that China sees as a runaway province.
China's economy could be dragged down by loss of confidence in property sector
Land sales, which make up a dominant portion of provincial government revenue, have fallen 30% in the past year.
They dropped out of Stanford to run a startup. Now, it's close to becoming India's next tech unicorn
Zepto's latest cash injection valued the business at $900 million — just nine months after its launch.
Biden administration faces midnight court deadline to defend $350 billion of Trump's China tariffs
The Biden administration faces a legal deadline at midnight to defend Trump's China tariffs, even as the White House considers scaling them back.
China markets rise after private survey shows Chinese factory activity grew; HSBC shares up 5%
China's Caixin/Markit manufacturing Purchasing Managers' Index for July stood at 50.4.
Chinese companies flock to Switzerland to raise money with new stock listings
Chinese companies looking to raise cash overseas have turned to Switzerland — and gotten speedy regulator approval to do so, according to Baker McKenzie.
House passes bill to boost U.S. chip production and China competition, sending it to Biden
The Chips and Science Act includes more than $52 billion in funding for U.S. companies producing computer chips, among other provisions.
China is one small step closer to getting alternative iron ore supply from Simandou
The development of one of the world's largest untapped high-grade iron ore deposits in Guinea has edged one step forward after miners struck a deal.
Apple's iPhones held up surprisingly well in China even as the country faced Covid lockdowns
Apple held up relatively well in the June quarter in China despite a 10% slump in the smartphone market as the iPhone 13 continued to attract users.
Hong Kong's Hang Seng drops more than 2% with tech stocks under pressure; yen strengthens
Hang Seng heavyweights Alibaba and Meituan dropped more than 5% each.
New Zealand had one of the world's strictest Covid lockdowns. Now its borders are fully reopening
After more than two years, New Zealand is lifting its strict border controls and is set to welcome back all international travelers on Sunday.
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