In Asia this morning, Nikkei gained 0.8 per cent. Straits Times and Taiwan added 0.4 per cent and 0.1 per cent. On the other hand, Hang Seng slipped 1 per cent, and Shanghai Composite was down 0.5 per ... ( read original story ...)
Alibaba to buy Cainiao stake for up to $3.75 billion as it drops IPO plan
Alibaba Group said on Tuesday it was offering to buy the 36% of Cainiao it does not already own for up to $3.75 billion, abandoning plans for an initial public offering (IPO) of the logistics business ... ( read original story ...)
China’s Netclass Technology Files for Smaller U.S. IPO
By Colin Kellaher Chinese online professional-education platform Netclass Technology has revised its planned U.S. initial public offering. The ... ( read original story ...)
Stock Market News Today, 03/26/24 – Futures Higher After Monday’s Drop
U.S. futures traded higher on Tuesday morning after all three major indices – the Nasdaq 100 (NDX), S&P 500 (SPX), and the Dow Jones Industrial ... ( read original story ...)
Today’s Stock Market: Mixed Outcomes For Asian Shares While Wall Street’s Surge Takes a Pause
During Tuesday’s trading, Asia’s stock markets presented a patchwork of gains and retreats, as initial sessions of buying gave way to profit-securing sell-offs. The Nikkei 225 index of Japan, which ... ( read original story ...)
Stock market today: Asian shares trading mixed after Wall Street’s momentum cools
Hong Kong's Hang Seng jumped 1.4% to 16,703.76, while the Shanghai Composite added 0.2% to 3,031.90. In energy trading, benchmark U.S. crude fell 4 cents to $81.91 a barrel. Wall Street edged back ... ( read original story ...)
BRICS development bank aims to make $5 bln in loans in 2024
The New Development Bank (NDB), set up by the BRICS group of emerging economies, aims to make about $5 billion in loans this year, its vice president, Zhou Qiangwu, said on Tuesday. “During the ... ( read original story ...)