According to stock exchange filings, share of more than 70 Hong Kong-listed companies have been suspended from trading on Thursday morning. Since the companies had not published their 2020 full year results as of March 31, 2021, under Hong Kong’s… Read More ›
On Wednesday, China’s Zhejiang Geely Holding Group said its Volvo Cars is exploring capital market options including a potential initial public offering. Earlier this year in February, Geely’s Hong Kong-listed unit Geely Automobile and Volvo Cars scrapped their full merger… Read More ›
China has broken the 1984 Joint Declaration after it enacted sweeping changes to Hong Kong’s electoral system, undermining the freedoms of people in the former British colony. “Today China enacted changes to Hong Kong’s electoral system which are a clear… Read More ›
In a tweet Tesla Inc’s CEO Elon Musk said supply constraints related to battery cells are making it harder for the company to scale up production of its long-delayed Tesla Semi electric commercial truck. “Demand is no problem, but near-term… Read More ›
On Wednesday, online fashion brands outlet store Otrium said it had raised $120 million from investors. The development comes ahead of its U.S. launch. Amsterdam-based Otrium said in 2020 its revenues had tripled and that its registered members topped 3… Read More ›
On Wednesday, in a statement Hitachi Ltd said it will acquire GlobalLogic Inc, a U.S. software company, for $9.6 billion. The development sees the Japanese industrial conglomerate which has business interests ranging from digital services to electronics hardware, expand its… Read More ›
In a significant development on Wednesday, Britain’s financial regulator said, it will consult on changes on listing rules for Special Purpose Acquisition Companies (SPACs). Britain’s Financial Conduct Authority said, it will consider introducing a minimum market capitalization and a redemption… Read More ›
On Wednesday, German carmaker Daimler AG said, its revenues in 2021 have got off to a good start. This is despite a global shortage of semiconductors plaguing the automobile industry. Daimler now plans on speeding up the shift towards electric… Read More ›
On Wednesday, in a statement Britain’s Payment Systems Regulator said, Mastercard is among five companies which broke the law for cartel behavior; the regulator has alleged that these five companies including, Mastercard, allpay, APS, PFS and Sulion offered pre-paid cards… Read More ›
On Tuesday, the European Union’s markets watchdog, the European Securities and Markets Authority (ESMA) said, it has fined Moody’s $4.35 million (3.7 million euros) for breaching rules which includes failure to disclose conflicts of interests. “All of the breaches resulted… Read More ›
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