Markets

HONG KONG: Goldman Sachs has joined the growing list of investment banks working on Chinese financial technology firm Ant Group's initial public offering of up to US$30 billion, as a joint lead manager on the Hong Kong leg, two people with direct knowledge of the matter said. Ant, backed...

Goldman Sachs has joined the growing list of investment banks working on Chinese financial technology firm Ant Group's initial public offering of up to US$30 billion, as a joint lead manager on the Hong Kong leg, two people with direct knowledge of the matter said.

Tesla Inc was not part of the companies to be added to the S&P 500 as per a list unveiled by the index's manager S&P Dow Jones Indices on Friday.

The U.S. Defense Department said on Friday it has completed a comprehensive re-evaluation of its US$10 billion JEDI cloud computing contract proposals and determined that Microsoft Corp's submission still represents the best value for the government.

In June, the FCC formally designated Huawei and ZTE as threats to US national security, a declaration that bars US firms from tapping an US$8.3 billion government fund to purchase equipment from the companies.

U.S. rural telecommunications networks, which have relied on inexpensive network equipment from China's Huawei Technologies Co and ZTE Corp , have told the government that it would cost US$1.837 billion to replace those switches and routers, the Federal Communications Commission (FCC) said on ...

Roche Holding AG on Friday said a therapy it co-developed with Cambridge-based Blueprint Medicines Corp was approved by the U.S. health regulator for the treatment of patients with a type of non-small cell lung cancer (NSCLC).

Softbank Group is taking a direct role in managing its virus-hit hospitality startup Oyo's operations in Latin America through a joint venture which will control all hotels in the region, the head of Oyo Brazil told Reuters in an interview on Friday.

Star banker Erik Maris is in the process of leaving investment banking boutique Messier Maris & Associés after a power struggle with partner Jean-Marie Messier, two sources with knowledge of the matter told Reuters.

Sustainability targets for airlines need to be based on real emissions cuts at their source, says an observer.