Ant Group Warns Against 'False' IPO Rumors
The Chinese fintech company, co-founded by billionaire Jack Ma, said it has no plans to go public, striking back at social-media posts contending the company was exploring a potential backdoor listing.
The Chinese fintech company, co-founded by billionaire Jack Ma, said it has no plans to go public, striking back at social-media posts contending the company was exploring a potential backdoor listing.
The beleaguered group said it reduced its gross debt by 2.1 billion euros, and it now has a more sustainable capital structure and much-needed liquidity.
Sibanye-Stillwater said it entered into a $500 million agreement with mining royalty company Franco-Nevada for the long-term supply of gold and platinum from three of its mines in South Africa.
New Zealand’s NZX-50 closed 0.9% lower at 12754.15, mirroring weakness across the region after the Federal Reserve signaled plans to slow rate cuts.
The Fed’s high rates have sparked a boom in a long-overlooked investment, and sales show little sign of slowing.
The Arabic-speaking Druze community straddles the border between two countries—and like Israel fears Islamists.
Russia’s business elites have found a scapegoat for the country’s economic woes: the central bank.
Following the hawkish change in outlook by the Fed, AUD/USD hit its lowest level in two years, falling to 0.6199 as U.S. yields and the U.S. dollar surged, IG Markets said.
The Japanese company continues to campaign for support from mayors, governors and especially members of the steelworkers union.
Oil dropped in early Asian trade amid weak sentiment. Crude oil will likely see some volatility amid uncertainty surrounding U.S. political developments and new European sanctions targeting Russian oil exports, Tickmill said.
Chevron and Woodside Energy agreed to an asset swap that they said will sharpen their focus on the massive LNG operations they each operate in Western Australia.
Gold edged higher in early Asian trade, despite the Federal Reserve cutting interest rates by a quarter-point overnight.
The organization is showing flexibility by allowing the bitcoin program to proceed in a limited way.
He beat China’s Ding Liren to become world champion, reflecting New Delhi’s rise.
Yet the central bank still cuts its target rate by another 25 basis points. Its explanation isn’t convincing.
The end-of-year CR is ugly as usual, but please leave town quickly.
Democrats are still running to the left after losing the state House.
As electricity rates soar, Biden gives PG&E a $15 billion low-cost loan.
Find insight on tech deals, Huawei Technologies, Dye & Durham, Momo, and more in the latest Market Talks covering technology, media and telecom.
Memory-chip maker swung to a profit and posted higher revenue in its fiscal first quarter, though shares fell after the company’s outlook missed estimates.
U.S. crude-oil inventories fell for a fourth consecutive week, but the decline was smaller than analysts had forecast.
Officials penciled in fewer cuts than expected, sending major indexes lower.
The court scheduled fast-track oral arguments for Jan. 10 on whether the law violates the First Amendment.