NEW YORK: Wall Street and global financial executives are waiting anxiously for a clear winner in the 2020 US election after President Donald Trump called foul play, stoking fears of a drawn-out count that keeps markets and businesses hanging. While the Republican incumbent has handed the ...
The eleventh-hour halt to Ant Group's record US$37 billion listing has not only hurt the firm, but also lead bank China International Capital Corporation (CICC), which likely loses out on a hefty payday and a jump in global investment banking rankings.
Mom-and-pop investors who put in bids worth a record US$3 trillion in China's Ant group - equivalent to Britain's annual economic output - were stunned after regulators abruptly suspended what would have been the world's largest stock market debut.
LONDON: Britain's Marks & Spencer reported the first loss in its 94 years as a publicly listed company after clothing sales were hammered by the COVID-19 pandemic. One of the best known names in UK retail said on Wednesday (Nov 4) that it made a pretax loss before one-off items...
LONDON: Facebook Inc said on Wednesday it had added labels to social media posts by both U.S. presidential candidates explaining that election vote counts were still ongoing. "Once President Trump began making premature claims of victory, we started running notifications on Facebook and Instagram ...
Volkswagen has agreed with Greece to deploy electric vehicles as part of a transport system on a small Greek island, the German carmaker said on Wednesday.
State-owned flydubai on Wednesday said it would launch direct flights to Tel Aviv from Dubai this month after the United Arab Emirates and Israel established formal ties.
China's shock suspension of Ant Group's record US$37 billion listing in a last-minute regulatory ambush looks set to hit the financial technology giant's growth prospects and cut into its valuation.
Ant Group will survive the 11th-hour suspension of its blockbuster US$35 billion listing in Shanghai and Hong Kong if the company can learn from its technology peers. If there's one thing that founder Jack Ma and Chinese regulators probably agree upon, it's that finance and technology...
China's suspension of Ant Group's US$37 billion listing just days ahead of its stock market debut has thrown the company and its investors into a tailspin and it faces a scramble to try and satisfy financial regulators, analysts say.
