Chinese investors flock to newly-launched funds targeting Ant IPO

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 […]

Read more

U.S. judge blocks Trump administration TikTok app store ban

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. […]

Read more

China must prepare for 'long tech march' following U.S. restrictions on SMIC: Global Times

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. […]

Read more

Bond Traders in India Brace for Borrowing Hike in Crucial Week

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 […]

Read more

Trump paid no income taxes in 10 of last 15 years: New York Times

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 […]

Read more

Emerging Markets on Edge as Goldman and Deutsche Bank Flag Risks

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 […]

Read more
1 2 3 1,131