FOR years, the asset-management industry has braced itself for shocks. In 2018, US$369 billion poured out of long-term mutual funds in favour of exchange-traded funds (ETFs), a record at the time.
President Donald Trump on Friday signed legislation that would kick Chinese companies off U.S. stock exchanges unless they adhere to American auditing standards, the White House said.
Privately held Hilcorp Energy Co said on Friday its unit completed a US$5.6 billion acquisition of BP Plc's business in Alaska, taking over the region the British oil major had operated in for 60 years.
Nike Inc beat estimates for quarterly revenue on Friday, helped by a jump in online demand for sports shoes and apparel as more people engaged in fitness-related activities during the COVID-19 pandemic.
Cryptocurrency exchange Coinbase Inc has hired Goldman Sachs Group Inc to lead preparations for its planned stock market listing, a person familiar with the matter said on Friday.
Suspected Russian hackers who broke into U.S. government agencies also spied on less high-profile organizations, including groups in Britain, a U.S. internet provider and a county government in Arizona, according to web records and a security source.
WASHINGTON :The United States added dozens of Chinese companies, including the country's top chipmaker SMIC and Chinese drone manufacturer SZ DJI Technology Co Ltd, to a trade blacklist on Friday as U.S. President Donald Trump's administration ratchets up tensions with China in his final weeks in ...
Shares in cyber security companies climbed rapidly on Friday as investors bet that a spate of cyber attack disclosures from entities such as Microsoft Corp would boost demand for security technology.
China's SZ DJI Technology Co, the world's largest drone maker, on Friday was added to the U.S. government’s economic blacklist along with dozens of other Chinese companies.
The judge hearing the Justice Department's antitrust case against Alphabet Inc's Google suggested a trial date of Sept. 12, 2023, on Friday.
