Online trading platform Webull is set to go public via a $7.3 billion SPAC deal
Webull is planning to go public through merging with a special purpose acquisition company in a deal that values the digital investing platform at $7.3 billion.
Pandemic asian news
Top Amazon aggregator Thrasio files for bankruptcy
Thrasio, an early leader in aggregating Amazon sellers, filed for Chapter 11 bankruptcy protection in a New Jersey court Wednesday.
AirAsia unit heads for U.S. listing through SPAC deal as CEO says 'Americans understand branding'
AirAsia is set to list its brand management unit on the Nasdaq after finalizing a SPAC merger, as it bets on the appeal of franchise and licensing opportunities to a U.S. audience that does not yet widely know the budget airline.
Hong Kong lifts curbs on property market, to spend more on tourism
HONG KONG (AP) — Hong Kong’s government has lifted curbs on property deals after home prices fell to a seven-year low, adding to the Chinese territory’s woes.
China's oil demand growth could halve from pre-Covid levels as property, auto sectors struggle
China's oil demand growth this year could be half of pre-Covid 2019 levels, according to Eurasia Group, as key segments of the world's second-largest economy struggle from a slowdown.
Malaysian central bank calls for higher forex inflows to boost ‘undervalued’ ringgit
Bank Negara Malaysia (BNM) said it had stepped up engagements with government-linked investment corporations and companies, private corporations and investors “to encourage continuous inflows to the foreign exchange market”.
Zoom shares jump as quarterly results beat on top and bottom lines
Zoom shares rose as much as 13% in extended trading on Monday after the video chat software vendor announced fiscal fourth-quarter results that topped analysts' expectations.
China’s aviation boon, driven by C919 and Airbus plant, an opportunity South Korean firms ‘must pursue’
South Korean aerospace manufacturers are poised to tap into China’s burgeoning aviation market amid post pandemic supply chain reshuffling and surging demand, according to a report.