Powell made it clear that the ball is now in Congress’ court with regard to stimulating the US economy in a Wednesday press conference. ( read original story ...)
Markets Decline as Pandemic’s Grip Tightens: Live Business Briefing
Global markets were mostly lower on Friday, following a turbulent session on Wall Street where hopes for an agreement between the White House and lawmakers over a pandemic relief package were balanced ... ( read original story ...)
Why tough US tech sanctions aren’t hurting Huawei’s enterprise business unit
Huawei Technologies may soon lose its dominance in the global smartphone market because of tough US sanctions, but one of the company's business groups has been relatively untouched by the drama. For ... ( read original story ...)
Shares In China Developer Evergrande Tumble After Report Of Cash Crunch
China's second biggest property developer Evergrande saw its shares tumble Friday following reports claiming it was seeking government help to avoid a cash crunch, despite the firm dismissing the clai ... ( read original story ...)
Hong Kong stocks post biggest weekly drop in 6 months on renewed virus woes
CSI300 +0.2% * FTSE China A50 +0.2% Sept 25 (Reuters) - Hong Kong stocks ended lower on Friday, posting their biggest weekly drop in six months, tracking a global correction as a resurgence in ... ( read original story ...)
Chinese fintech Ant sidelines banks in distribution of funds targeting its IPO
As five Chinese mutual funds targeting Ant Group's hotly-anticipated IPO kicked off subscriptions on Friday, retail investors found the only non-direct channel through which to buy the products was ... ( read original story ...)
China’s piggy bank, the National Social Security Fund, set to be among Ant Group’s top IPO investors
China is keen for its pension funds to make savvy investments to help shoulder the burden of providing for its rapidly ageing population in their retirement years. ( read original story ...)