Showing 61 - 70 of 413
Markets tumble as US Fed signals end of pandemic-era cheap cash
AFP, Published on 27/01/2022
» Equity markets tanked Thursday following a late sell-off on Wall Street in reaction to a surprisingly hawkish turn by US Federal Reserve boss Jerome Powell, who signalled the bank would begin lifting interest rates in March.
IMF urges El Salvador to remove bitcoin as legal tender
AFP, Published on 26/01/2022
» WASHINGTON: The IMF on Tuesday called on El Salvador to change course and stop using bitcoin as legal tender, citing "large risks" posed by the cryptocurrency.
Microsoft to buy US gaming giant Activision-Blizzard for $69bn
AFP, Published on 18/01/2022
» NEW YORK: Microsoft announced Tuesday a landmark $69 billion deal to purchase US gaming giant Activision Blizzard, grabbing the sex harassment scandal-hit firm as the tech colossus seeks to boost its power in video games.
China Mobile surges in Shanghai debut after US delisting
AFP, Published on 05/01/2022
» SHANGHAI - China Mobile shares soared more than nine percent on Wednesday in their debut on the Shanghai stock exchange after the telecoms giant was delisted in New York amid tensions between Beijing and Washington.
Evergrande shares rise after day-long trading suspension
AFP, Published on 04/01/2022
» HONG KONG - Shares in the embattled Chinese property giant Evergrande rallied on Tuesday after a day-long suspension, as the company confirmed it has been ordered to demolish part of a resort in Hainan province.
NatWest Markets pleads guilty to fraud in US, fined $35m
AFP, Published on 22/12/2021
» NEW YORK: NatWest Markets pled guilty and agreed to a $35 million fine to settle US criminal charges that it committed fraud in the Treasury bond market, the Department of Justice announced Tuesday.
China's SenseTime relists Hong Kong IPO after US blacklisting
AFP, Published on 20/12/2021
» HONG KONG - Chinese artificial intelligence start-up SenseTime said Monday it will press ahead with its Hong Kong listing, a week after it was blacklisted by the United States over accusations of genocide in Xinjiang.
Reddit says it has filed with SEC to go public
AFP, Published on 16/12/2021
» NEW YORK: Social media platform Reddit said Wednesday it has confidentially submitted a draft registration with the US Securities and Exchange Commission to go public on Wall Street.
China Mobile gets nod for Shanghai debut after US delisting
AFP, Published on 14/12/2021
» SHANGHAI - State-owned China Mobile has received approval to list publicly in Shanghai, documents showed, nearly a year after it was delisted in the United States along with two other Chinese telecom giants as tensions between Beijing and Washington soared.
China's SenseTime postpones Hong Kong IPO after US blacklisting
AFP, Published on 13/12/2021
» HONG KONG: Chinese artificial intelligence start-up SenseTime said Monday it was postponing a planned $767 million initial public offering in Hong Kong after it was blacklisted by the US over human rights concerns in Xinjiang.