Daily Debrief: What Happened Today
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iQiyi said to lay off hundreds of employees amid losses, share price pressure
IQIYI is said to have a headcount of over 7,700 people as at end-2020, and is now reportedly aiming to cut wage expenses by a fifth.
Singapore buys AstraZeneca's Evusheld drug cocktail, which combines 2 long-acting antibodies
THE supply of Evusheld, formerly known as AZD7442, is expected to arrive in Singapore by year's end.
Binance weighs crypto venture with Indonesia's richest family
THE world's largest crypto exchange has been in discussions with PT Bank Central Asia, controlled by sibling billionaires Budi and Michael Hartono, and PT Telkom Indonesia on the venture.
Pine Capital's plan for reverse takeover fails after potential investor backs out
PINE Capital said it received an email on Dec 9 from Alternative Advisors, on behalf of Genv Holdings, that the investor "has decided not to proceed any further with the company in respect of the term sheet".
VINCENT Yik, 49, will take over at SingPost on Feb 11, 2022, the board disclosed in a bourse filing on Friday (Dec 10), as Richard Lai, 51, is leaving "to pursue other career opportunities".
Corporate earnings
The STI today
STI down as investors weigh faster Fed taper, China property woes
THE Singapore Straits Times Index ended Friday (Dec 10) 0.22 per cent or 6.84 points lower at 3,135.61.
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