Wall Street investment banks JPMorgan and Morgan Stanley have been placed on the Hong Kong Stock Exchange's "named and shamed" list after the US$300 million initial public offering (IPO) of Chinese biotech company Akeso Inc. was sent back for not meeting the correct regulatory requirements.
Wall Street analysts were smitten by a rebound in sales of Apple Inc's iPhones after a year of decline. So much, in fact, that they looked past a weaker-than-expected rise in services revenue, the company's growth driver.
STOCKHOLM: Sweden's IKEA, the world's biggest furniture retailer, said it was temporarily closing around half of its 30 stores in China as deaths in the country from the fast-spreading new coronavirus rose to 132 on Wednesday (Jan 29). "In response to the Chinese government's call for efficient ...
U.S. stock index futures rose on Wednesday as strong results from Apple and other marquee companies kicked fourth-quarter earnings into top gear and overshadowed concerns over the economic impact of the fast-spreading coronavirus.
The United States on Wednesday urged Britain to look again at its decision to allow China's Huawei a limited role in 5G networks, cautioning that American information should only pass across trusted networks.
EU countries can either restrict or exclude high-risk 5G vendors from core parts of their telecoms networks, according to new EU guidelines announced on Wednesday, a move targeting China's Huawei Technologies but falling short of a U.S. call for a complete ban.
Large options trades some people have attributed to the mysterious investor known as "50 Cent" have become more profitable in recent days, as fears of the economic impact of the coronavirus injected volatility back into stock markets.
Mastercard Inc reported a 25per cent jump in adjusted quarterly profit on Wednesday as customers spent more on its cards to shop and pay bills, boosting fees for the world's second-largest payment processor.
Chinese telecoms equipment maker Huawei on Wednesday welcomed the European Union's 5G guidelines that are likely to limit its business in Europe, but which fall short of a U.S. call for a total ban.
SINGAPORE: A farm was fined S$7,000 on Tuesday (Jan 28) for illegally renting out space on its premises and allowing another company to store wood waste there. Seo Chau Hian, the licensee of Malaysian Feedmills Farms, illegally rented out space on its farm premises between 2017 and 2019, said SFA...
