Asian stock markets followed Wall Street higher Tuesday ahead of an update on U.S. consumer prices that traders hope will show inflation is easing, reducing the need for more interest rate hikes ... ( read original story ...)
China IPO applications fall by third in first half of 2023
China's IPO applications slumped by a third in the first half of 2023, as earnings volatility, a slowing economy and tighter regulatory scrutiny deterred potential candidates.Chinese exchanges, which ... ( read original story ...)
Goldman Analysts’ Bearish China Bank View Draws Fresh Rebuke
A bearish research report on Chinese banks by Goldman Sachs Group Inc. has drawn fresh criticism from a major lender and one of the nation’s largest macro hedge funds after receiving a backlash from ... ( read original story ...)
What people are saying about Ant Group’s share buyback
China's Ant Group has announced a surprise share buyback that values the fintech giant at $78.5 billion, well below the $315 billion touted in an abandoned IPO in 2020, in a move that may let some ... ( read original story ...)
Stock market today: Asian shares are mixed on signs of slowing growth in the US and China
A person walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, July 10, 2023, in Tokyo. Asian shares got the week off to a slow ... ( read original story ...)
Shanghai luxury home prices under pressure as affluent worry about economy, with some buyers asking for discounts of 15 pc
The downward spiral for luxury homes in the commercial and financial hub has added to bearish sentiment in China’s real estate market, with economic worries lingering. ( read original story ...)
Ant’s share repurchase plan values firm around $79 bln, down sharply before crackdown
Ant Group on Saturday announced a share repurchase plan that values the fintech giant at 567.1 billion yuan ($78.54 billion), as the management seeks to replenish its staff incentive pool and let some ... ( read original story ...)