1+ hour, 56+ min ago   (387+ words) HONG KONG, Aug 24: Online fast-fashion retailer Shein will pay up to $3.5 billion to selected existing investors — almost twice the fresh capital it is seeking in an IPO — to help compensate them for a sharp slide in its valuation, its prospectus…...

1+ hour, 47+ min ago   (561+ words) HONG KONG: Oil prices fell on Monday (Aug 24) as investors braced for details of a United States plan to isolate the Iranian economy that President Donald Trump billed as the "most crushing" financial operation ever against Tehran. Asian stocks were…...

3+ hour, 56+ min ago   (273+ words) SHANGHAI, Aug 24: The Hong Kong-listed shares of Alibaba slumped on Monday after the Chinese e-commerce and cloud computing company launched a $10.2 billion share placement, as investors worried about payback from its massive AI spending. Alibaba said on Sunday its HK…...

3+ hour, 35+ min ago   (236+ words) Aug 24: Alibaba shares fell 8 per cent in early Hong Kong trade on Monday after the tech company finalised a HK$80 billion ($10.21 billion) share placement at HK$112.70 apiece, in a deal aimed at funding artificial intelligence-related development. The Chinese e-commerce and…...

3+ hour, 21+ min ago   (583+ words) WASHINGTON: The Trump administration on Sunday (Aug 23) warned that Canada would be "foolish" to think it could win a trade war with the United States, predicting a "devastating" impact on its northern neighbour. Negotiations between Washington and Ottawa broke down…...

3+ hour, 51+ min ago   (667+ words) Some employers warn that replacing absent staff members remains difficult, especially for small firms. SINGAPORE: Businesses have welcomed the government's move to fully cover childcare leave costs, though some point to lingering questions over how to plug staffing gaps during…...

3+ hour, 56+ min ago   (171+ words) CNA Alibaba set to open down 8% in Hong Kong after $10.2 billion share placement plan SHANGHAI, Aug 24: Hong Kong-listed shares of Alibaba are set to open 8 per cent lower on Monday after the Chinese e-commerce and cloud computing giant launched a…...

3+ hour, 51+ min ago   (585+ words) HONG KONG: Online fast-fashion retailer Shein's valuation has dropped by around 70 per cent from a near US$100 billion private market peak four years ago, as it aims to raise up to HK$13.86 billion (US$1.77 billion) in its Hong Kong IPO…...

14+ hour, 42+ min ago   (318+ words) CNA CNA938 Rewind - Market Watch (18/8): Asian equities under pressure today, as higher oil costs weigh in, except resilient Chinese equities. #SGToday Guest: Charmaine Tan, Research Analyst, FSM Global CNA938 Rewind - Eat, Drink, Singapore - U.S. spirits exports fall 9% — industry looks to Asia for growth…...

6+ hour, 51+ min ago   (146+ words) TEHRAN: Iran said on Sunday (Aug 23) it had discovered more than 200 billion cubic metres of natural gas, months into the Middle East war that has hit the country's energy infrastructure and production. "New gas reserves were discovered in the south…...