Company Announcements

Heineken’s profit hit by drop in beer sales in Asia Hong Kong CNN—People in Asia aren’t guzzling as much beer as they used to. Dutch brewer Heineken (HEINY) announced disappointing…

NEW BST NBL Phase Ii Project Will Help Improve Map Ta Phut’s Carbon Footprint With More Sustainable Processes The new BST Phase II project will lead to a reduction in…

Arch Capital Group releases Q2 financials Arch Capital Group has released its earnings report for the second quarter of 2023. According to the company’s announcement, the net income available to…

Cipla promoters said to explore stake sale to Blackstone, Baring Asia Sources also suggest that an investment bank has been hired to advise on the deal and PE firms like…

Rebranding of Twitter as ‘X’ results in temporary blocking in Indonesia Authorities await letter to say that X.com will be used by Twitter San Francisco: Elon Musk’s rebranding of Twitter…

China’s weak economy weighs on global quarterly results of companies As the reporting season for the second quarter approaches, businesses with exposure to China’s economy are on the edge due…

Fanhua comes out top in APAC M&A rankings Nasdaq-listed Chinese insurance broker Fanhua has topped the APAC insurance M&A charts for the first half of 2023. Two of the broker’s…

China FX regulator says will use policy measures to stabilise yuan expectations SYDNEY : Australia has barred the takeover of financially stricken lithium miner Alita Resources Ltd by a China-linked…

Chinese automakers sold 75% of EVs in Southeast Asia in Q1 – study Thailand has offered incentives to consumers and subsidies to automakers to build more EVs locally. That has…

Asia stocks split as US-China outlooks diverge Dovish remarks from a European Central Bank policymaker boosted bonds and dragged the euro lower. Asia’s stock markets were mixed on Wednesday with…