HONG KONG: Hong Kong police have arrested 12 people for running a stock manipulation scheme that duped investors on social media into buying shares at inflated prices before the stock was dumped, authorities said on Friday (Mar 5). Raids across Hong Kong this week in a joint investigation by...
Effissimo Capital Management has gained further backing in its push for a probe into Toshiba, but big stakes built up by investors like BlackRock have raised questions over how much influence it and other activist shareholders will ultimately wield
Texas' power grid operator Electric Reliability Council of Texas (ERCOT) made a US$16 billion pricing error in the week of the winter storm that led to power outages across the state, Potomac Economics, which monitors the state's power market, said.
American e-commerce giant eBay will halt the resale of six Dr Seuss books on its platform after they were pulled by their publisher over imagery considered racist, the Wall Street Journal reported on Thursday (Mar 5).
The rollercoster ride in bitcoin since the start of the year has not dampened wealth manager Jim Paulsen's enthusiasm for the cryptocurrency.
SHANGHAI: China will increase its annual research and development spending by more than 7 per cent every year over the next five years, the government wrote on Friday (Mar 5) in its work report from the Fourth Session of the 13th National People's Congress. The government will increase expenditure ......
SINGAPORE: Retail sales in Singapore fell 6.1 per cent in January, compared with the 3.3 per cent year-on-year decline recorded in December last year. The larger decline was due partly to a higher sales recorded in January last year, when Chinese New Year was celebrated, said the ...
Credit Suisse is winding down its supply chain finance funds which held most of their roughly US$10 billion in notes backed by beleaguered Greensill Capital, it said on Friday.
SHANGHAI: China will increase its annual research and development spending by more than 7per cent every year over the next five years, the government wrote on Friday in its work report from the Fourth Session of the 13th National People's Congress. The government will increase expenditure on ...
China on Friday set a modest annual economic growth target, at above 6per cent, and pledged to create more jobs in cities than last year, as the world's second-biggest economy emerged from a year disrupted by the effects of COVID-19.
