U.S.-listed shares of China based Baidu Inc and Tencent Music Entertainment group plunged this week, dropping as much as 33.5per cent and 48.5per cent, respectively, from Tuesday's closing levels.
Wall Street's main indexes broadly rose on Friday with technology, energy and financial stocks providing the biggest boost as investors bet on what is expected to be the fastest economic growth since 1984.
The Biden administration said Friday it wants new public input on establishing licensing or other procedures to help companies comply with a sweeping new rule targeting Chinese technology firms.
Facebook Inc said on Friday it plans to reopen its Menlo Park, California headquarters with 10per cent occupancy on May 10, if the COVID-19 situation begins to improve.
A possible listing of luxury division Porsche AG is not at the top of the agenda of Volkswagen, Chief Executive Herbert Diess told Frankfurter Allgemeine Zeitung in an interview.
Russian small private carmaker Zetta is designing an electric car and plans to launch production this year, Russia's Industry and Trade minister, Denis Manturov, said on Friday.
U.S. Senate Democrats on Friday introduced a resolution to rescind a rule they say curbs shareholder voting rights, their second move aimed at unraveling business-friendly regulations introduced by former President Donald Trump's administration.
LONDON :Mastercard, a global payment processor, is battling attempts to add about 14 million deceased people to a 14 billion pound-plus (US$19.3 billion) British class action in an effort to limit the scope of the historic case.
WASHINGTON :U.S. consumer spending fell by the most in 10 months in February as a cold snap gripped many parts of the country and the boost from a second round of stimulus checks to middle- and lower-income households faded.
In their first appearance before Congress since Trump supporters stormed the U.S. Capitol, the chief executives of Facebook, Google and Twitter were asked by U.S. lawmakers whether their platforms bore some responsibility for the riot: "yes or no?"
