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…
Category: Business
Daimler lifts profit forecast as China snaps up luxury cars
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…
Huawei ekes out third-quarter revenue growth as U.S. restrictions bite
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…
Take Five: U.S. election countdown, a Chinese plenum and the ECB
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…
Short queues in China as Apple’s newest iPhone 12 hits stores
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…
Analysis: Move over bonds, FX taking over as investors’ new favourite playbook
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…
Cathay Pacific’s permanent pilot pay cuts ‘draconian’ and ‘short-sighted’: union
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…