Business

Chief financial officer Luca Maestri warns that the war in Ukraine, which led Apple to stop sales in Russia, will leave a bigger dent on sales in the fiscal third quarter.

Sales at the online retail colossus were in line with analyst expectations, but chief executive Andy Jassy warned of testing times in the months ahead.

For the full year 2021, the group's revenue came in at US$5.08 billion and was US$1.57 billion in the quarter, slightly below analyst expectations.

Temasek says the deal to buy Element Materials Technology would enable it to offer customers more environmentally-friendly product solutions.

Life is returning to something approaching normality in many countries, leaving companies like Netflix and Peloton struggling to sustain high sales figures.

Fitch also declared Kaisa, a smaller property company but one of China's most indebted, had defaulted on US$400 million of bonds.

The backdoor listing on Nasdaq marks the high point for the Singapore company that began as a ride-hailing app and now operates across 400 cities in eight countries.

Grab's mobility business brought in US$88 million in revenue, down 26% from a year earlier, while sales at its deliveries unit rose 58%.

Fast Retailing says business has 'recovered markedly' as infections are contained around the world, including a sharp recovery in sales in Europe and North America after virus lockdowns were lifted.

Evergrande, which has more than US$300 billion in liabilities and 1,300 real estate projects in over 280 cities, missed a third round of interest payments on its international bonds this week.

The Japanese carmaker now expects to build nine million vehicles in the year to March 31, rather than 9.3 million.

The project will allow allow financial institutions to transact directly with each other in the digital currencies issued by participating central banks.