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(Reuters) - Lyft shares slumped about 9% on Wednesday after the ride-hailing company warned that lower pricing trends from late last year are expected to continue in 2025, as it tries to match prices with larger rival Uber.
NEARLY RM40,000 worth of parking coupons in Selangor have been exchanged into digital credits in the Smart Selangor Parking (SSP) system.
News highlights from the Asean Plus section on Thursday (Jan 2)
In what may be a first for the local perpetual bond scene, Tropicana Corporation Bhd is seeking to exchange papers that are due this week with new corporate bonds to be issued, according to sources.
Companies globally are piling into debt markets to sell bonds and loans while they still can.
It’s one of many ways the city of Boulder in Colorado, in the United States has directed revenue from that tax to a range of programmes focused on improving health equity in the community.
(Reuters) - Amazon.com said on Tuesday its online pharmacy will automatically apply manufacturer-sponsored coupons to more than 15 insulin and diabetes medicines to help patients access discounts pledged by the drug industry.
AFTER a grim couple of years for developing countries, with rapid interest rate rises prompting a string of defaults, investors say the coming wall of debt maturities looks to be surmountable.
The post-2008 era of low interest rates and bond yields is not over, despite recent market volatility. The underlying picture is still stable, with inflation and rates likely to moderate in the coming months.
HONG KONG: China's yuan weakened to a one-month low on Friday though trading was confined to a tight range, as the deteriorating health of the country's debt-laden property developers deepened concerns about the overall economic recovery.
A plunge in global risk appetite is pushing emerging-market (EM) investors into higher quality dollar bonds, signalling a years-long rally in junk debt from developing nations might be at an end.
SHANGHAI: China property bonds slumped on Monday after a developer asked to delay a paper's maturity, underlining default fears stalking markets as offshore bondholders of China Evergrande Group awaited news of $148 million in looming debt coupons.
HONG KONG: China Evergrande Group's shares hit a record low on Wednesday after a missed debt payment deadline put the developer at risk of becoming the country's biggest defaulter, even as hopes of a managed debt restructuring calmed fears of a messy collapse.
JAKARTA (The Jakarta Post/ANN): The government is looking to raise Rp 10 trillion (US$711.6 million) from a new series of domestic retail bonds to fund the country’s fiscal deficit and Covid-19 vaccination programme, the Finance Ministry announced on Monday (Jan 26).
HONG KONG: China Evergrande Group on Tuesday missed its third round of bond payments in three weeks, intensifying market fears over contagion involving other property developers as a wall of debt payment obligations come due in the near-term.
NEW YORK: The investment-grade primary market will spring back to life next week following the U.S. Labor Day holiday, as borrowers look to issue debt with low coupons.
China's US$600bil corporate US dollar bond market is showing signs of resurgence, as optimism over artificial intelligence (AI) advances and recent government steps to ease the property crisis help boost confidence.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has successfully priced a US$3.0 billion (US$1=RM4.11) dual-tranche senior bond offering, comprising US$1.25 billion 10.75-year and US$1.75 billion 40-year conventional notes.
Luckin Coffee, China's largest coffee chain that became highly popular after it priced a cup at just 9.9 yuan ($1.36), has announced rate hikes across its product lineup, leaving many office workers feeling the pinch.
FROM Dr Rais Hussin & Jason Loh Seong Wei are part of the research team of EMIR Research, an independent think tank focused on strategic policy recommendations based on rigorous research.
