The Straits Times Business News December 14, 2022 11:00 AMSEATTLE – Amazon.com faces a US$280 million (S$377 million) lawsuit from a Vietnamese manufacturer of warehouse storage systems that alleges the e-commerce giant abruptly scaled back orders after online spending growth cooled this year, leaving the manufacturer saddled with excess production capacity and raw materials. Go […]Continue reading
The Straits Times Business News December 14, 2022 9:00 AMNEW YORK – Some of the banks that lent Elon Musk US$13 billion (S$17.5 billion) to buy Twitter are preparing to book losses on the loans this quarter, but they are likely to do so in a way that it does not become a major drag […]Continue reading
The Straits Times Business News December 14, 2022 8:27 AMSYDNEY – Reserve Bank of Australia (RBA) Governor Philip Lowe called on the nation’s lenders to intensify efforts to reduce the cost of payments and increase their speed, including for cross-border transactions. Go to Source December 14, 2022 – 3:04 am / Twitter: @hoffeldtcom
The Straits Times Business News December 14, 2022 8:21 AMSYDNEY – Australia is set to make sweeping changes to financial services laws that will tighten safety nets on the cryptocurrency market and pave the way for possible competition in the clearing of equity trades. Go to Source December 14, 2022 – 3:04 am / Twitter: […]Continue reading
The Straits Times Business News December 13, 2022 5:16 PMSINGAPORE – Food delivery unicorn Line Man Wongnai is in talks to acquire Delivery Hero SE’s Foodpanda in Thailand as it plans for a stock-market debut in the next few years, according to people familiar with the discussions. Go to Source December 13, 2022 – 12:03 […]Continue reading
The Straits Times Business News December 13, 2022 11:52 AMSINGAPORE – Ohmyhome, a Singapore-based real estate platform has filed for a US initial public offering (IPO) aiming to raise over US$14.6 million (S$19.78 million), according to a US Securities and Exchange Commission (SEC) document seen by The Business Times on Tuesday. Go to Source December […]Continue reading
The Straits Times Business News December 13, 2022 11:29 AMSYDNEY – The Australian central bank’s cheap lending facility introduced in 2020 as part of its Covid-19 policy response failed to boost borrowing by businesses, particularly smaller companies, a Reserve Bank of Australia (RBA) research paper found. Go to Source December 13, 2022 – 6:05 am […]Continue reading
The Straits Times Business News December 13, 2022 8:39 AMNEW YORK– Wall Street banks are set to offload at least another US$520 million (S$700 million) of loans for the buyout of US cloud computing firm Citrix Systems in a second block trade of the debt that lenders have been stuck holding for months, according to […]Continue reading
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