Block Inc, formerly Square Inc, is set to complete its acquisition of buy now, pay later company Afterpay Ltd by Feb. 1, one of the biggest takeovers in Australian history.
February 2017: Afterpay and Touchcorp agree to merge, with Afterpay shareholders holding 64per cent of the new company.June 2018: Afterpay to be included in the S&P/ASX 200 index.June 2019: Australia's financial crime watchdog orders an audit https://www.reuters.com/article/us-afterpay-touch-probe-idUSKCN1TD2W0 of Afterpay over suspected non-compliance with anti-money-laundering and counter-terrorism financing laws.
July 2020: Afterpay to raise https://www.reuters.com/article/afterpay-equity-idUSL4N2ED3RW about A$800 million to capitalise on a surge in online shopping during lockdowns.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian shares rise as China cuts key mortgage rateSHANGHAI : Asian share markets broke a five-day slide to edge higher on Thursday, shrugging off drops in Europe and on Wall Street overnight as China underscored its diverging monetary and economic picture by cutting benchmark mortgage rates.Despite the steadier start in Asia, analysts at ING said geo-pol
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Sri Lanka central bank hikes rates as it seeks to curb rising pricesCOLOMBO : The Sri Lankan central bank raised interest rates on Thursday, as expected, to curb growing inflationary pressures in the economy but said the current rise in prices was largely fuelled by supply side disruptions which were expected to be transitory.The rate increase will also help ease pressure
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan exports rise 17.5% in December from year agoTOKYO: Japan\u0027s exports rose 17.5 per cent in December from a year earlier, Ministry of Finance (MOF) data showed on Thursday (Jan 20). The reading compared with a 16.0 per cent gain expected by economists in a Reuters poll and followed a 20.5 per cent rise in the previous month. Imports increased
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
New research shows how health risks to children mount as temperatures rise
Source: STForeignDesk - 🏆 4. / 71 Read more »
BOJ warns of vigilance to inflation overshoot risk as material costs riseTOKYO :The Bank of Japan must be mindful of the risk that inflation may accelerate faster than expected if raw material costs continue to spike and prompt more firms to raise prices, the central bank said in a report on Wednesday.For now, the pass-through of rising raw material costs to consumers has been foc
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Taiwan Dec export orders seen rising for 22nd month in a rowTAIPEI : Taiwan's export orders likely rose in December for the 22nd straight month albeit at a slower pace, a Reuters poll showed on Thursday, due to supply chain issues and off last year's high base.The median forecast from a poll of 17 economists expects export orders to rise 8per cent from the year-ag
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »