THE suspension of Ant Financial's US$34 billion initial public offering (IPO) less than 48 hours before its trading debut is expected to dampen the valuation of Alibaba's fintech arm, as well as that of other Chinese fintech companies looking to list in Greater China or even in...
GREAT Eastern Holdings on Wednesday posted a 40 per cent rise in net profit to S$287.9 million for the third quarter ended Sept 30, from S$205.1 million a year ago.
ANT IPO SHOCK
ONE of the early signs that the Ant Group's US$35 billion initial public offer (IPO) had hit a snag was the curious tearing down of all its advertisements from billboards across Shanghai Metro stations before its scheduled Thursday debut. Reason: their contents allegedly promote unwelcomed values that...
Going into Election Day, market participants fretted about possibly waking up to an unclear result. But with that outcome realized, they seem remarkably calm about not knowing the winner of the U.S. presidential race.
U.S. stocks surged to close higher on Wednesday as the presidential election race remained cloudy but the likelihood of gridlock in Congress made investors optimistic that major policy changes would be difficult to enact.
Going into Election Day, market participants fretted about possibly waking up to an unclear result. But with that outcome realized, they seem remarkably calm about not knowing the winner of the U.S. presidential race.
Wall Street is sick of polls.
The European Union's Brexit negotiator said on Wednesday (Nov 4) "very serious divergences" remained in trade talks with Britain and suggested the bloc would rather accept disruptions in commerce in eight weeks' time than yield on its key demands.
A U.S. judge said on Wednesday he was uncertain if he had a legal basis to bar the U.S. Commerce Department from imposing restrictions on video-sharing app TikTok after a Pennsylvania judge had already blocked the government's plan on Friday.
