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Grab expects to break even in its digibank operations by 2026
SINGAPORE (Reuters) - Grab Holdings Ltd, Southeast Asia's biggest ride-hailing and food delivery firm, expects to break even in its digibank operations by 2026, Chief Financial Officer Peter Oey told ...
Syndicated Content Sep 26, 2022
Crypto exchange FTX to acquire bankrupt Voyager’s assets
(Reuters) - Bankrupt crypto lender Voyager Digital said on Monday crypto exchange FTX has won an auction for its assets, in a bid valued at about $1.42 billion. FTX's bid comprises of a fair market va...
Syndicated Content Sep 26, 2022
World Bank forecasts Thai GDP growth at 3.1% this year
BANGKOK (Reuters) -Thailand's economy is expected to grow 3.1% this year, higher than a forecast in June of 2.9%, supported by private consumption and exports, the World Bank said on Tuesday. However,...
Syndicated Content Sep 26, 2022
World Bank cuts 2022 East Asia growth outlook, cites China slowdown
MANILA (Reuters) - Economic growth in East Asia and the Pacific will weaken sharply in 2022 due to China's slowdown, but the pace of expansion will pick up next year, the World Bank said on Tuesday. T...
Syndicated Content Sep 26, 2022
U.S. VP Harris set to visit Korean DMZ after Kim’s missile test
By Trevor Hunnicutt TOKYO (Reuters) -U.S. Vice President Kamala Harris will visit the de-militarised zone (DMZ) separating the Koreas on Thursday in a bid to show Washington's commitment to the South'...
Syndicated Content Sep 26, 2022
U.S. to appeal court loss against sugar merger
WASHINGTON (Reuters) - The U.S. Justice Department said on Monday that it would appeal a judge's ruling that U.S. Sugar Corp's plans to buy rival Imperial Sugar Co was legal under antitrust law, accor...
Syndicated Content Sep 26, 2022
China’s industrial profit declines accelerate in Jan-Aug
BEIJING (Reuters) -Profits at China's industrial firms shrank at a faster pace in January-August, as strict COVID restrictions and a deepening property slump weighed on domestic demand and heatwaves c...
Syndicated Content Sep 26, 2022
Optus, Australian govt clash over cyber attack amid reports of hacker retreat
SYDNEY (Reuters) - Australia's No. 2 telecoms firm Optus, hit by a massive cyber attack, faced a barrage of criticism on Tuesday, with the government accusing it of trying to conceal the magnitude of ...
Syndicated Content Sep 26, 2022
Philippines’ Globe sells telecoms towers for $340 million
MANILA (Reuters) - Philippines' Globe Telecom Inc said on Tuesday it has signed a deal to sell more than a thousand telecoms towers for 20 billion pesos ($340 million) to fund expansion and pay off ma...
Syndicated Content Sep 26, 2022
Oil prices steady on prospect of balancing supply after steep selloff
By Laila Kearney (Reuters) - Oil steadied in early Asian trade on Tuesday as indications that producer alliance OPEC+ sought to avoid a collapse in prices, along with a slight softening in the U.S. do...
Syndicated Content Sep 26, 2022

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