China's state media on Thursday said yuan-denominated assets remain attractive and that short-term market panic does not represent long-term value, the latest official effort to shore up investor confidence....
Asian shares managed a semblance of calm on Thursday as the U.S. Federal Reserve signalled it was in no rush to taper stimulus, though the mood was fragile as investors waited to see if Beijing could stem the recent bloodletting in Chinese shares....
:Robinhood Markets Inc, the owner of the trading app which emerged as the go-to destination for retail investors speculating on this year's "meme' stock trading frenzy, raised US$2.1 billion in its initial public offering on Wednesday....
REUTERS: Australia's Lynas Rare Earths said on Thursday a Kuala Lumpur court had dismissed a lawsuit challenging Malaysia's decision to renew the company's operating license. Malaysia in August 2019 extended https://reut.rs/3f7ek7i a license to Lynas' rare earths processing plant on the ...
China's Securities and Regulatory Commission (CSRC) on Wednesday night held a meeting with executives of top global investment banks with an aim to calm financial markets nerves, people familiar with the matter told Reuters....
SEOUL: South Korean tech giant Samsung Electronics reported Thursday (Jul 29) its net profit surged more than 70 per cent in the second quarter thanks to higher chip prices on the back of continuing pandemic-led demand. The world's biggest smartphone maker saw net profit rise 73.4...
Language learning app Duolingo Inc's shares rose nearly 39per cent in their U.S. market debut on Wednesday, giving it a valuation of US$6.5 billion on a fully-diluted basis....
news / 28.07.2021
US senators urge barring Huawei, ZTE from US$1.9 trillion government funding measure
Two U.S. senators on Wednesday said they are introducing a measure to prohibit funds in a US$1.9 trillion government funding measure from being used to purchase Chinese telecommunications equipment from Huawei and ZTE and others deemed U.S. security threats....
REUTERS: Shares of PowerSchool Holdings Inc rose 2.8per cent in their New York Stock Exchange debut on Wednesday, giving the cloud-based education software provider a valuation of about US$3.57 billion. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Aditya Soni)...
Twitter will begin allowing businesses to showcase products for sale at the top of their profile page, the social networking company said on Wednesday, as it seeks to grab a piece of the lucrative online shopping world....