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SHANGHAI (Reuters) – Chinese investors are pouring into newly-launched mutual funds targeting Ant Group’s upcoming initial public offering, underscoring strong demand for technology shares at a time when Chinese tech firms are facing increasing U.S. scrutiny. Alibaba Group’s fintech arm Ant Group aims to raise about $35 billion in a dual listing in Hong Kong and Shanghai’s STAR Market, expected […]
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MELBOURNE (Reuters) – Australia’s city of Melbourne, its hotspot in the second wave of coronavirus infections, is on track to return to near normal by Christmas, strengthening hopes for major summer sporting events to go ahead amid a general economic revival.FILE PHOTO: Walkers wear protective face masks at St Kilda pier in Melbourne after it became the first city in […]
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Melbourne biotech Starpharma is on the hunt for cash as it prepares to speed up the development of a COVID-19 fighting nasal spray it believes could be ready to launch in the first half of next year. The $600 million antiviral condom maker entered a trading halt on Monday morning pending an announcement of an institutional placement and share purchase […]
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TOKYO (Reuters) – Kioxia Holdings Corp, the world’s second-largest maker of flash memory chips, on Monday postponed plans for what would have been Japan’s largest initial public offering (IPO) this year, as U.S-China tensions cloud the global chip market. Kioxia, previously known as Toshiba Memory, had planned to list on the Tokyo Stock Exchange on Oct. 6, offering up to […]
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WASHINGTON (Reuters) – A U.S. judge in Washington late on Sunday temporarily blocked a Trump administration order that was set to bar Apple Inc and Alphabet Inc’s Google from offering Chinese-owned short video-sharing app TikTok for download at 11:59 p.m. on Sunday.FILE PHOTO: The TikTok logo is pictured outside the company’s U.S. head office in Culver City, California, U.S., Sept. […]
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TOKYO (Reuters) – The dollar hovered near a two-month peak against at a basket of currencies on Monday as investors look to a barrage of upcoming economic data and political developments in the United States before making any fresh bets on the U.S. currency.FILE PHOTO: U.S. dollars are counted out by a banker counting currency at a bank in Westminster, […]
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FILE PHOTO: Chinese and U.S. flags flutter near the Bund in Shanghai, China July 30, 2019. REUTERS/Aly Song/File PhotoSHANGHAI (Reuters) – China must engage in a new “long march” in the technology sector now that the U.S. has imposed export restrictions on Semiconductor Manufacturing International Corp, the country’s largest chip manufacturer, Chinese state-backed tabloid the Global Times wrote on Sunday. […]
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Indian bond traders’ worst fears may be realized this week if Prime Minister Narendra Modi’s government announces a further increase to its mammoth borrowing plan. Traders expect the government to lift its borrowing estimate for the October-March period to six trillion rupees ($81.5 billion) from the existing 5 trillion rupees, according to 10 out of 16 traders in a Bloomberg […]
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FILE PHOTO: U.S. President Donald Trump speaks during a campaign rally at Cecil Airport in Jacksonville, Florida, U.S., September 24, 2020. REUTERS/Tom BrennerWASHINGTON (Reuters) – President Donald Trump paid extremely little in income taxes in recent years as heavy losses from his business enterprises offset hundreds of millions of dollars in income, the New York Times reported on Sunday, citing […]
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Emerging markets are heading toward the end of the third quarter with more reasons to be cautious than optimistic. Developing-nation stocks, currencies and bonds had their worst week in the five days through Friday since the coronavirus pandemic rocked global markets in March. The gap between implied volatility in emerging-market currencies and their Group-of-Seven peers is at the widest since […]
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