Markets

HONG KONG: Chinese secondhand electronics trading platform Aihuishou is aiming to raise US$500 million to US$1 billion in a US initial public offering by early June, said two people with direct knowledge. The 10-year-old company, backed by online retailer JD.com, is targeting a valuation of US$4 ...

Amazon.com's video game division has cancelled an online role-playing game based on the fantasy series Lord of the Rings, which was announced in 2019, an Amazon spokeswoman said. The game had been in development at Amazon Game Studios alongside China-based Leyou Technologies Holdings, which was ...

The man known as "Roaring Kitty" on social media, whose online posts helped spark January's trading frenzy in GameStop, exercised call options on the stock to acquire 50,000 more shares at a strike price of US$12, Bloomberg reported. Bloomberg cited a screenshot of Keith Gill's portfolio showing ...

South Africa's health regulator, on Saturday, recommended that the government lift the pause on administering drugmaker Johnson & Johnson's COVID-19 vaccines, given that certain conditions are met.

Like millions of people around the world, Yuri Nekrasov stopped going to the grocery store every day last year when authorities in Moscow enforced a coronavirus lockdown.

After decades of falling corporate tax revenues, US President Joe Biden also needs to shore up business investment and innovation, and look beyond raising corporate taxes, says Daron Acemoglu.

SINGAPORE: Continued interest from foreign buyers, family offices and institutional funds has sustained demand for shophouses in the first quarter of 2021, following a strong burst of buying activity at the end of last year.   There were 51 transactions in the first quarter of this year ...

HONG KONG: Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signalled to the company that the move could help draw a line under Beijing's scrutiny of its business, according to...

TOKYO: Japan's Renesas Electronics resumed production on Saturday (Apr 17) at a chip plant that had been damaged in a fire, worsening a global shortage of semiconductors used in cars, smartphones and appliances. The plant resumed operations at 9am local time, two days earlier than originally ...

WASHINGTON: The US Treasury Department on Friday (Apr 16) said Vietnam, Switzerland and Taiwan tripped its thresholds for possible currency manipulation under a 2015 US trade law, but refrained from formally branding them as manipulators. In the first semi-annual foreign exchange report issued by ...