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Bloomberg Gogoro, a Taiwanese startup that specialises in battery-swapping technology, is in talks to go public through a merger with Poema Global Holdings Corp, a blank-check firm, according to people with knowledge of the matter. The deal is set to value the combined company at $1 billion or more, the people said, asking not to be identified as the information ...

Bloomberg India and Singapore will link their fast-payment systems to step up cross-border payments and remittance flows, which amount to more than $1 billion each year currently. India’s Unified Payments Interface will be joined with Singapore’s PayNow by July 2022 to enable users to make instant, low-cost fund transfers while staying on their own systems, the Reserve Bank of India ...

Bloomberg Singapore is planning new measures to boost its domestic stock market, according to people with knowledge of the matter. State investment giant Temasek Holdings Pte’s 65 Equity Partners Holdings Pte, with a fund size of at least S$1 billion ($745 million), will invest in Singapore and regional mid-cap firms, including initial public offerings, the people said. Temasek and sovereign ...

Bloomberg Malaysia’s PM Ismail Sabri Yaakob will announce the easing of more virus curbs in the economic and social sectors soon amid concern over the lockdowns’ effect on mental health. The committee managing the pandemic has agreed to provide several “low-risk” concessions for the population, said Defence Minister Hishammuddin Hussein in a press conference on Tuesday. It is also looking ...

Bloomberg South Korea fined Alphabet Inc’s Google $177 million for hampering the development of rivals to its Android operating system, sustaining a campaign targeting the US search giant’s dominance in smartphone software. Regulators accuse Google, whose mobile operating system powers more than 80% of smartphones around the world, of using its immense bargaining power to squeeze out the competition. The ...

Bloomberg The number of workers on UK company payrolls climbed above its pre-pandemic level as vacancies hit a record high with firms battling staff shortages created by Brexit and lockdowns. The figures from Office for National Statistics (ONS) included a 35% surge in job openings in the quarter to 1.03 million, the first time they’ve risen above 1 million. That ...

Bloomberg The European Union (EU) met strong investor demand on its return to the bond market on Tuesday with a seven-year debt sale. The nation wracked up more than 85 billion euros ($100 billion) of orders for a 9 billion-euro offering of bonds maturing in 2028 via banks, with pricing set at 14 basis points below swaps. Analysts had expected ...

Bloomberg Prices paid by US consumers rose in August by less than forecast, snapping a string of outsized gains and suggesting that some of the upward pressure on inflation is beginning to wane. The consumer price index increased 0.3% from July, the smallest advance in seven months, according to Labour Department data released on Tuesday. Compared with a year ago, ...

Bloomberg Intuit Inc, the maker of TurboTax and QuickBooks software, agreed to buy privately held email marketing firm Mailchimp for $12 billion in cash and stock, uniting two providers of services for small businesses. The deal will bolster Intuit’s offerings for businesses looking for ways to reach and serve customers online. Intuit has offered QuickBooks accounting software to clients for ...

Bloomberg Hungary plans to offer a range of dollar and euro bonds to shore up its budget as it’s facing a potential delay in accessing European Union (EU) funds because of a feud with the bloc over democratic values. The country may sell 10-year and 30-year bonds in dollars, as well as seven-year and/or 20-year bonds in euros, according to ...