But the Shanghai Composite index recovered from early losses ... Apple slipped 0.9% after Berkshire Hathaway revealed it had pared its stake in the tech giant. The U.S. stock market has been swinging since setting a record at the end of March. ( read original story ...)
Exclusive-China’s CICC may cut investment banking headcount by at least 10% this year, sources say
SHANGHAI (Reuters) - China International Capital Corp (CICC) may reduce its investment banking headcount by at least 10% this year, two people with knowledge of the matter said, as a capital market ... ( read original story ...)
Hong Kong targets insurance-linked securities co-operation with Shanghai
Hong Kong and the mainland China city and financial hub of Shanghai are looking to co-operate on a range of financial initiatives, with one of them being ... ( read original story ...)
GM-Backed Self-Driving Company Momenta Readies For US IPO Launch: Report
Auto giant General Motors-backed Beijing Momenta Technology Co., a Chinese self-driving firm, has quietly filed for a potential IPO in the U.S., report says. Momenta reportedly aims to raise $200-$300 ... ( read original story ...)
Chinese start-up Zongmu eyes global expansion for self-driving EV ‘power bank’
Zongmu Technology, a Shanghai-based autonomous driving start-up ... “The concept of ‘FlashBot’ is akin to a ‘power bank’ for smartphones, and it offers a solution to the existing gap in the charging ... ( read original story ...)
Stock market today: Asian shares track Wall St’s advance fueled by cooler jobs data
Asian shares are mostly higher after Wall Street ended Friday with the best day for the stock market in over two months ... ( read original story ...)
China Stock Market Tipped To Open To The Upside
(RTTNews) - Ahead of the long holiday weekend for Labor Day, the China stock market had snapped the four-day winning streak in which it had gathered almost 100 points or 3 percent. The Shanghai ... ( read original story ...)