In a statement the White House said, U.S. President Donald Trump has signed an executive order which further strengthens the November ban on U.S. investments in companies which are allegedly controlled or owned by the Chinese military curbing their access… Read More ›
On Monday, shares of Burger King India jumped nearly 88% in its market debut following its IPO wherein it raised about $110 million. The development underscores the growth potential in the country’s burgeoning food service sector. Shares of the Indian… Read More ›
On Thursday, in a significant development, S&P Dow Jones Indices said it would delist Chinese companies including Hikvision from its products, becoming the latest stock exchange to do so following the U.S. Administration ordering restrictions on the purchase of their… Read More ›
According to sources familiar with the matter at hand, Airbnb Inc’s sale of shares during its initial public offering (IPO) sold at $68 apiece, above its targeted price range, and raised around $3.5 billion, giving it a diluted valuation of… Read More ›
In a significant development, the Trump Administration has passed an executive order which prohibits U.S. investments in Chinese companies, which are owned or controlled by the Chinese military. The executive order is likely to impact some of China biggest companies,… Read More ›
Early on Wednesday, U.S. stock futures jumped with U.S. President Donald Trump leading his Democratic rival Joe Biden in Florida and in other crucial swing states, which play a pivotal and deciding role in the election. Extending its rally on… Read More ›
On Thursday, the Tokyo Stock Exchange suspended trading of shares for the entire day following a glitch in its electronic trading system. The Tokyo Stock Exchange is the world’s third-biggest stock market. The outage has frustrated investor efforts to buy… Read More ›
On Wednesday, in a statement, CStone Pharmaceuticals stated, a unit of Pfizer Inc has agreed to acquire a 9.9% stake in it for $200 million (HK$1.55 billion). With the news reaching the market the shares of the Hong Kong-listed biopharmaceutical… Read More ›
On Monday, Australian lithium miner Piedmont Lithium stated, it has signed a five-year deal with U.S. electric carmaker Tesla Inc for the supply of high-purity lithium ore mineral. With the news reaching the market Piedmont Lithium’s shares surged by 83%,… Read More ›
In a report the Wall Street Journal said, federal regulators are preparing to impose a fine on Citigroup Inc for failing to improve its risk-management systems, With the news reaching the market, Citi’s shares fell by 3.3%. According to the… Read More ›
