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Business

Ant’s record strategic allocation in Shanghai IPO fuels small investor scramble

By beasts-footwearcom November 2, 2020October 27, 2020

Chinese fintech giant Ant Group’s move to earmark a record 80% of the Shanghai leg of its $35 billion dual-listing for strategic investors has led to a scramble among smaller…

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Business

Daimler lifts profit forecast as China snaps up luxury cars

By beasts-footwearcom November 1, 2020October 27, 2020

Daimler DAIGn.DE raised its profit outlook for 2020 on Friday after a record 24% jump in Chinese demand for its Mercedes-Benz cars boosted margins in the third quarter, though it…

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Business

Huawei ekes out third-quarter revenue growth as U.S. restrictions bite

By beasts-footwearcom October 31, 2020October 27, 2020

Huawei Technologies Co Ltd eked out a gain in third-quarter revenue as the impact of the COVID-19 pandemic added to supply-chain difficulties brought about by U.S. restrictions on doing business…

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Business

Take Five: U.S. election countdown, a Chinese plenum and the ECB

By beasts-footwearcom October 30, 2020October 27, 2020

The last week of the 2020 U.S. presidential election race will test the durability of the Biden trade -- assets viewed as sensitive to the political fortunes of Democratic challenger…

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Business

Short queues in China as Apple’s newest iPhone 12 hits stores

By beasts-footwearcom October 29, 2020October 27, 2020

Two of Apple’s latest iPhone 12 models went on sale in China on Friday, after early pre-order data showed strong consumer interest in the 5G-enabled device in the firm’s second-largest…

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Business

Analysis: Move over bonds, FX taking over as investors’ new favourite playbook

By beasts-footwearcom October 28, 2020October 27, 2020

A dearth of action in fixed income markets is prompting bond investors to focus more on currencies to spot market trends, marking a turning point for the gigantic but generally…

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Business

Cathay Pacific’s permanent pilot pay cuts ‘draconian’ and ‘short-sighted’: union

By beasts-footwearcom October 27, 2020October 27, 2020

Hong Kong's Cathay Pacific Airways Ltd's 0293.HK decision to force pilots permanently onto lower-paid contracts or risk losing their jobs is "draconian" and "short-sighted", the head of the union representing…

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