China Telecom jumps in Shanghai debut amid weak market
SHANGHAI : China Telecom Corp, blacklisted by the U.S. government, surged on its first day of trade on Friday, defying a bearish…
CNA
Asian shares fall further, dollar stays strong
HONG KONG : Asian shares extended losses on Friday from the 2021 low set a day earlier, while the dollar held onto its recent…
Valuing China assets no easy task after US$1 trillion wipeout
LONDON: Any veteran investor will tell you that financial markets overshoot when trouble hits, but what if that market is the…
Thai Q2 GDP thumps forecasts, but COVID-19 hampers recovery
BANGKOK :Thailand’s economy unexpectedly grew in the second quarter from the first helped by exports and government spending,…
China tightens scrutiny over IPO price-setting, punishes 19 institutions
SHANGHAI : China’s securities regulators punished 19 institutional investors as authorities tighten scrutiny over price-setting…
Fintech firm Chime valued at US$25 billion after US$750 million funding
Chime Financial said on Friday it had raised US$750 million in its latest funding round led by Sequoia Capital Global Equities,…
US consumer sentiment plummets in early August to decade low
US consumer sentiment dropped sharply in early August to its lowest level in a decade, in a worrying sign for the economy as…
Singapore’s Olam picks London to float ingredients arm
LONDON: Olam International, the Singapore-based agricultural trading house, said on Friday (Aug 13) that it plans to list its…
Didi denies management changes amid cybersecurity probe
BEIJING :China’s ride-hailing giant Didi Global Inc said on Thursday that rumours about a possible management change are not…
Asian shares fall as Delta fears eclipse Wall Street uptick
HONG KONG : Asian shares failed to follow a strong close on Wall Street with fears about the spread of the Delta variant of the…