The Asia Eight

Daily must-reads from the world’s most dynamic region

February 17, 2021

1 TOP STORY: Glencore resumes dividend as net debt drops

2 ATF TV:  Inclusion of Chinese bonds into global indexes

3 NEWS: EV maker Lucid Motors nears SPAC deal

4 ASIA MARKETS: HSI advances ahead of China reopening

5 NEWS: Myanmar generals fear losing money?

6 NEWS: Twitter-India tussle pushes digital marketers to sidelines

7 NEWS: India’s solar power revolution in question

8 ATF BIG PICTURE: Jeff Bezos is world's richest, again

01 Top Story Glencore reinstates dividend amid post-pandemic optimism

Glencore reinstated its dividend and flagged possible further payouts on the back of strong commodity prices, signalling an optimistic market for global miners and commodities brokers.

02 ATF TV Chinese bonds in indexes

Mushtaq Kapasi, Chief Representative Asia-Pacific, ICMA talks about how inclusion of Chinese bonds in global indexes will boost investor confidence.

03 SPAC deal for EV firm Lucid Motors close

EV firm Lucid Motors is close to a deal to go public at a roughly $12 billion valuation via Michael Klein’s special purpose acquisition company (SPAC) Churchill Capital IV. Chinese backers including BAIC Motor and LeEco could gain from a deal.

04 Asia Markets

Japan’s Nikkei 225 index slipped 0.58%, Australia’s S&P ASX 200 eased 0.46% but Hong Kong’s Hang Seng index advanced 1.10% ahead of the return of mainland China investors on Thursday from a weeklong holiday break.

05 Did Myanmar generals fear losing their billions?

Business and normal life in Myanmar is in disarray. Deep and widespread opposition to the coup imposed by the military at the beginning of the month has led to a nationwide civil disobedience movement that has disrupted major sections of the government and the economy.

06 Social media spends hit as Twitter brawls with India

As the spat with Twitter continues, pushing the Modi government to step up its scrutiny of social media platforms, Indian businesses are tightening their purse strings on ad-spends fearing a clamp-down on their digital campaigns.

07 Coal threatens India’s 'solar-power revolution'

India, the world’s second most populous country after China, and the third largest energy consumer, keeps making energy headlines as it tries to meet its seemingly insatiable energy demand while also battling problematic greenhouse gas (GHG) emission levels.

08 ATF Big Picture