Four companies including a Chinese generative artificial intelligence firm and a United States based jet manufacturer launched initial public offerings (IPOs) in Hong Kong on Friday. The companies are ... ( read original story ...)
Nike Stock Tanks Almost 20% To 4-Year Low: Why The Sneaker Giant’s Struggling
Nike’s stock was down 19.2% by 11 a.m. EDT, on pace for its steepest single-day drop since 2001 and the second-worst day in its 44-year history as a publicly traded company. ( read original story ...)
Stock Market News Today, 6/27/24 – Indices Finish Higher amid New Economic Data
U.S. futures were down Thursday morning after the S&P 500 index (SPX) rose yesterday and marked the second consecutive day in the green. Futures ( read original story ...)
Russia’s VTB bank says US sanctions have complicated cross-border transactions
U.S. sanctions imposed on Moscow this month have complicated the foreign trade operations of Russian banks, but they are gradually adapting to the new realities, the finance director of VTB, Russia's ... ( read original story ...)
China’s central bank puts the yuan’s exchange-rate swings in crosshairs
A stable exchange rate plays a key role in China’s position as a major importer and exporter, but the yuan has come under heavy pressure from the US dollar. ( read original story ...)
RBI imposes penalty of Rs 29.60 lakh on HSBC Bank for not following directions on credit, debit cards
This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949 ... ( read original story ...)
Hong Kong’s IPO proceeds plunge to 2-decade low, pushing city down the global rankings
Shanghai’s stock exchange ranked 15th with nine IPOs raising US$1.3 billion while the Shanghai Star Market, which topped the table this time last year, fell to 20th spot with just six new listings ... ( read original story ...)