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Markets

Court tosses Carl Icahn’s suit seeking Occidental acquisition records

Activist investor Carl Icahn will not have access to Occidental Petroleum Corp's Anadarko takeover records to support his proxy fight against the oil firm's board, a Delaware court judge ruled on Thursday.

Markets

Alibaba praises Hong Kong ahead of US$13.4 billion listing

Alibaba Group Chairman Daniel Zhang said Hong Kong's "future is bright" as the company presses on with its secondary listing in the city gripped by increasingly violent protests and recession.

Markets

Commentary: If you had to pick – Facebook’s Libra or another country’s cryptocurrency?

You may not like Facebook's Libra but what if you had to pick a cryptocurrency? Which would you trust? Kenneth Rogoff picks apart the trade-offs.

Markets

Hong Kong to unveil depth of recession amid protests, trade war

Hong Kong is expected to confirm on Friday it plunged into recession for the first time in a decade, amid concerns the economy could be in even worse shape than feared as months of anti-government protests take a heavy toll.

Markets

WeWork bond drops, spread hits a record on report of delayed share tender

WeWork's junk bond price dropped and its risk premium shot to a record high on Thursday following a report that its main backer had yet to deliver on a plan to buy US$3 billion of stock from existing shareholders.

Markets

Australia’s parliamentary IT system hacked earlier this year – report

The computer network of Australia's parliament was hacked earlier this year and data was stolen from the computers of several elected officials, the Australian Broadcasting Corp reported.

Markets

Amazon to protest Microsoft’s Pentagon cloud award – WSJ

Amazon.com Inc will protest a recent cloud computing contract award given to Microsoft Corp by the Pentagon, The Wall Street Journal reported on Thursday.

Markets

Google antitrust probe to expand into Android – CNBC

The 50 attorneys general investigating advertising practices at Alphabet Inc's Google are planning to expand their antitrust probe into the unit's flagship search and Android businesses, CNBC reported on Thursday, citing people familiar with the matter. (https://cnb.cx/376FVQo)

Markets

Nvidia profit, revenue beat on gaming chip demand

Nvidia Corp forecast fourth-quarter revenue below Wall Street estimates on Thursday, hurt by seasonal weakness in demand for its gaming cards used in personal computers and laptops.

Markets

Ron Sim’s V3 Group eyes digibank bid with EZ-Link, FEO, Heliconia

RON Sim's V3 Group is believed to be in talks with stored-value card operator EZ-Link, property group Far East Organization and Temasek-owned Heliconia Capital to form a consortium to gun for a digital bank licence in Singapore.

Markets

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