Friday, July 30, 2021
Krafton Inc, the South Korean company behind blockbuster video game “PlayerUnknown’s Battlegrounds” (PUBG), said on Wednesday its IPO would raise up to 5.6 trillion won ($5 billion) at the top of an indicative range, which would be a record for the country. Krafton said in a regulatory filing it expected...
Digital banks entering the Philippines’ market are picking up pace, with two more players from Singapore joining the ranks after Overseas Filipino (OF) Bank had its digital banking license approved last April. The Philippines’ central bank, Bangko Sentral ng Pilipinas (BSP) has green-lighted Singapore-based financial businesses Tonik Digital Bank (a unit of...
The Philippines, is one of the most dynamic economies in the East Asia Pacific region with increasing urbanization, a growing middle class, and a large and young population. But this country has seen many ups and downs in the history. From one of the contenders of Asia's tiger economy to...
Taiwan's government has called for fair access to COVID-19 vaccines during a meeting with senior Western diplomats, as it faces a dwindling supply of shots during a spike in domestic infections. Taiwan has reported almost 1,000 new infections during the past week or so, leading to new curbs in the...
Lumber prices soared above $1600 for the first time in history this week. The rise comes amid falling supply and increased demand for new homes and renovations. Lumber-related stocks are soaring in response and the average price of a new single-family home has jumped by $35,872. Lumber prices topped $1,600...
Google’s digital advertising network has shifted back into high gear, with its corporate parent reporting profit that more than doubled after an unprecedented setback during the early stages of the pandemic. The robust first-quarter advertising growth announced Tuesday provides the latest sign that advertisers are expecting the economy to roar...
Asian equities were in green on Monday if one can ignore covid woes in key regional areas mainly in India, Indonesia and the Philippines. In doing so, the broader sentiment follows Wall Street's gain after the US economics stay firm following the faster jabbing in the West. Though, Europe's...
Several of San Francisco Bay Area’s largest technology companies including Twitter Inc and Google plan to keep their offices largely closed for months more despite the government allowing them on Tuesday to be opened in a limited capacity. Taking into account declining coronavirus infections, San Francisco and Santa Clara counties...
Britain’s government said Tuesday the UK will prioritize diplomatic engagement with Asian countries in the coming decade and lift its own cap on the size of its nuclear stockpile, as Prime Minister Boris Johnson unveiled a major shift in the country’s foreign policy and defense priorities after Brexit. Setting out...
The biggest IPO in years is rolling out Thursday on the New York Stock Exchange where Coupang, the South Korean equivalent of Amazon in the US, or Alibaba in China, will begin trading under the ticker “CPNG.” It’s actually the largest initial public offering from an Asian company since Alibaba...
The U.S. House of Representatives gave final approval on Wednesday to one of the largest economic stimulus measures in American history, a sweeping $1.9 trillion COVID-19 relief bill that gives President Joe Biden his first major victory in office. The measure provides $400 billion for $1,400 direct payments to most...
Heavily shorted mortgage provider Rocket Companies saw its stock surge on Tuesday, in an eye-popping move reminiscent of the rallies that powered GameStop and other so-called ‘meme stocks’ earlier in the year. Shares of Rocket, the parent company of Quicken Loans, closed up 71.2 percent at US$41.60 after being halted...

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