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Tag: banking

Posted on 23/02/2024

Reddit Files to Move Ahead With IPO After Two Years on Sidelines

Reddit Inc. filed for an initial public offering, confirming its revenue growth and helping to propel a still tenuous resurgence in US listings. ( read original story ...)

Posted on 22/02/2024

Chinese electric truck start-up Windrose explores production in Europe, CEO says

Chinese electric heavy truck start-up Windrose plans to outsource manufacturing of its vehicles to automaking partners in Europe, its founder and CEO said on Thursday, as it seeks to take on rivals ... ( read original story ...)

Posted on 22/02/2024

HSBC shares dive after $3 billion writedown of China bank stake

HSBC led the London market lower on Wednesday after a $3 billion hit to its operations in China saw the banking giant’s quarterly profits dive 80%. ( read original story ...)

Posted on 21/02/2024

China’s new financial regulator pledges transparency to bring investors back from the brink

The Central Financial Commission has vowed to keep policies in line with international rules and avoid jarring turns in regulation in an attempt to reverse or mitigate 2023’s precipitous drops in ... ( read original story ...)

Posted on 21/02/2024

‘Deeply sorry’: China hedge fund apologises after trading ban for ‘market disruption’ in first punishment since Beijing’s vow to stem stock rout

Lingjun Investment was banned from trading for three days after its transactions on Monday caused rapid declines in benchmark indices The penalty is the first known case since China installed Wu Qing ... ( read original story ...)

Posted on 21/02/2024

Stock market today: Asian stocks mixed after tech shares pull Wall Street lower

Asian stocks were mixed after technology shares led Wall Street broadly lower, with investors waiting for chipmaker Nvidia’s quarterly earnings report later in the day ... ( read original story ...)

Posted on 21/02/2024

China’s major stock exchanges ramp up oversight of quantitative trading to ensure normal market order

China's stock market continued to rally ... Tuesday also saw Shenzhen and Shanghai bourses imposed trading suspension measures on Ningbo Lingjun Investment Management Partnership Enterprise, and ... ( read original story ...)

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