Ucommune, a Chinese rival of co-working space operator WeWork, scrapped a planned U.S. IPO via a document filed with the U.S. Securities and Exchange Commission. ( read original story ...)
Standard Chartered Bank partners with Microsoft to become a cloud-first bank
Standard Chartered Bank and Microsoft Corp. on Tuesday announced a three-year strategic partnership to accelerate the bank's digital transformation through a cloud-first strategy. This partnership ... ( read original story ...)
EMERGING MARKETS-Thai, South Korean stocks hold to growth hopes, Singapore slips
Thailand and South Korea led gains for most of Asia's emerging currency and stock markets on Tuesday, bolstered by recent signs of an improving economic landscape in China and further heavy inflows of ... ( read original story ...)
Pandemic shrinks foreign exchange trading in major hubs but Singapore, Tokyo grab market share at Hong Kong’s expense
Coronavirus pandemic has chilled global financial markets by shrinking volume of currency trading. Tokyo and Singapore are early winners as Hong Kong slips. ( read original story ...)
Lendlease Global Reit Q4 DPU misses IPO forecast on circuit breaker, rental reliefs
Lendlease Global Commercial Reit (Lendlease Global Reit) on Tuesday (Aug 110 posted a distribution per unit (DPU) of 0.48 cent for its fourth quarter ended June 30, 62.7 per cent lower than the ... ( read original story ...)
Singapore’s trade finance startup Incomlend raises $20M led by Sequoia Capital India
Incomlend, a Singapore-headquartered startup that operates a trading platform to connect exporters and importers with investors, has raised $20 million in a new financing round, it said on Tuesday. ( read original story ...)
Singapore’s economic contraction in the second quarter was worse than initial estimates
The Ministry of Trade and Industry revised its full-year forecast for Singapore to register an economic contraction of between 5% and 7% in 2020. Previously, it had expected the country's GDP to fall ... ( read original story ...)