After getting listed at the Shenzhen stock exchange in China, stocks of a Chinese medical firm soared nearly 12-fold on its debut as investors saw potential in the company’s products during the novel coronavirus pandemic. Share of Contec Medical Systems,… Read More ›
A surge in online shopping in the wake of the novel coronavirus pandemic in Japan has resulted in a shortage of credit card numbers in the country. According to a report published by the Mainichi Shimbun newspaper, coming up with… Read More ›
Its stocks in some of the world’s biggest oil companies and miners that have been held responsible for lobbying against climate action have been dumped by a Nordic hedge fund worth more than $90bn. As a part of its new… Read More ›
On Monday, Luminar Technologies Inc, an autonomous vehicle startup stated, it has decided to go public by merging with blank-check firm Gores Metropoulos Inc in a deal worth around $3.4 billion. The deal includes $400 million of cash from Gores… Read More ›
On Monday in a statement Barclays’ investment banking division said, J.P. Morgan’s Manuel Esteve will head its equity capital markets in Continental Europe. Esteve has been a managing director at J.P. Morgan’s equity capital markets for nearly 2 decades, 18… Read More ›
On Monday, in a statement, Citadel, a Chicago-based hedge fund and Citadel Securities, which provides trading services to asset managers, banks, broker-dealers and hedge funds, said, it will open a new office in Singapore. Both businesses, which have offices across… Read More ›
On Monday, in a statement Rio Tinto said it will trim the short-term bonuses of its CEO as well as two other senior executives following a review of the company’s destruction of two historic caves in Australia in May which… Read More ›
On Monday, Syria’s state news agency (SANA) reported, an explosion on the Arab gas pipeline has caused a total blackout in Syria. The explosion occurred between the Ad Dumayr and Adra areas in Syria. In a statement, Syrian oil minister… Read More ›
On Monday, Australian wealth manager AMP Ltd stated, its chairman had resigned and the CEO of its funds management unit will be demoted, following concerns about alleged inappropriate conduct by the latter. In June 2020, AMP’s board, chaired by David… Read More ›
