China's Ant Group is expected to double its market value on debut, as unmet demand from mom-and-pop investors and an impending inclusion in major global indexes could offset worries about tighter regulations, fund managers said.
Asset manager Standard Life Aberdeen has overhauled its company engagement process after being burnt by a scandal at fast-fashion retailer Boohoo over allegations of poor working conditions at some of the company's suppliers earlier this year.
German regulators were "deficient" in how they supervised payments company Wirecard and were at risk of being overly influenced by the Finance Ministry, the European Union's markets watchdog said on Tuesday.
President Donald Trump raised barriers for Chinese companies seeking to invest or raise money in the United States that will have a lasting impact even if he does not win a second term, according to dealmakers and policy experts.
Twitter Inc late on Monday flagged a tweet by U.S. President Donald Trump in which he called a Supreme Court decision on voting in Pennsylvania "very dangerous."
Saudi Arabian state oil group Aramco on Tuesday reported a 44.6per cent drop in third-quarter net profit, in line with analysts' estimates, hit by lower crude oil prices and volumes sold, and weaker refining and chemicals margins as the coronavirus depressed demand.
Drugs and farming pesticides maker Bayer said the costs of its settlement over claims its Roundup weedkiller causes cancer, initially put at US$11 billion, would be US$750 million higher.
Ant mania is getting a reality check from Beijing. Days ahead of the company's record-setting US$34 billion initial public offering (IPO), founder Jack Ma was hauled in by regulators for a chat. Newly unveiled rules also would treat technology middlemen more like banks.
The battered dollar’s long-term fortunes are unlikely to improve regardless of who wins Tuesday’s U.S. presidential election, investors and analysts said.
On Tuesday night, James McDonald plans to sit among 19 computer screens in his Los Angeles office, waiting for the right moment to pounce on what he hopes will be one of his most profitable trades of the year.
