Asian stocks pare the previous session’s gain on Tuesday and trade lower. US Dollar Index remains under pressure following Fed’s dovish stance on the interest rate. Wall Street closed at the record ... ( read original story ...)
SenseTime seeks to break Chinese biometrics giants’ IPO stalemate with $2 billion offering
The move comes at a time of technological turmoil for China, with the country pushing new standards for face biometrics, and new draft rules for cybersecurity. ( read original story ...)
Top headlines: Ola selects banks for IPO; PhonePe now an insurance broker
Ride-hailing startup Ola has selected banks including Citigroup Inc. and Kotak Mahindra Bank Ltd. to manage its Mumbai initial public offering that could raise about $1 billion, according to people ... ( read original story ...)
Asian stock market shares rise after US Fed signals low rates will stay
Asian shares were higher Monday, as investors interpreted comments from the head of the U.S. Federal Reserve as signaling low interest rates were here to stay for some time. ( read original story ...)
Finastra upgrades Shanghai Pudong Development Bank treasury infrastructure
IBS Intelligence is a leading global FinTech News & Research firm. Get ✅ Latest Digital Banking & Financial Technology News, ✅ Research & ✅ Market Insights. ( read original story ...)
China’s AI Unicorn SenseTime Files for Hong Kong IPO
SenseTime, China’s biggest artificial intelligence company, plans to raise USD2 billion from an initial public offering on the Hong Kong stock exchange. SenseTime filed a preliminary prospectus for a ... ( read original story ...)
STAR Market Daily: STAR 50 falls 0.6%, RMB 69 bln traded
Shanghai Stock Exchange STAR 50 closed at 1,471.45 on Monday. The STAR Market recorded a total trading volume of 1.2 bln shares with a turnover value of RMB 69 bln, up 18.6% from last Friday. ( read original story ...)