Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signaled to the
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Nasdaq-listed Chinese travel site Trip.com files for Hong Kong secondary listing
Chinese travel booking site Trip.com has filed for a secondary listing in Hong Kong. A number of U.S.-listed Chinese technology companies have done secondary listings in Hong Kong including Alibaba,
Continue reading »Kevin O'Leary calls for 'extremely aggressive' steps to level the playing field with China
The U.S. should be "extremely aggressive" to level the playing field with China in the ongoing competition between the two sides, Kevin O'Leary told CNBC. That could include delisting Chinese
Continue reading »CFOs haven't been this upbeat about the global economy since 2018: CNBC survey
Chief financial officers expect the global economic recovery to continue in 2021. CFOs say the bull market in stocks will continue and the Dow more likely to rise to 35,000
Continue reading »New signs show that China is cracking down on debt again
A first-quarter survey by the China Beige Book released Thursday found that borrowing by state-owned enterprises dropped to the lowest in the study's roughly 10-year history. Given ties to the
Continue reading »Covid pandemic pushes 75 million more people into poverty in India, study shows
The economic recession caused by the Covid-19 pandemic pushed 75 million more people in India into poverty last year, an analysis by Pew Research Center showed. That's compared with the
Continue reading »China's factory activity expands at slowest pace in 9 months, private survey finds
China's factory activity expanded at the slowest pace in nine months in February, as weak overseas demand and coronavirus flare-ups weighed on output, adding pressure on the country's labor market,
Continue reading »$100 billion market cap is the blue-sky scenario for Moderna, analyst says
Moderna's shares rose 3% in premarket trade Thursday as its fourth-quarter revenue, of $517 million, vastly exceeded estimates of $318.9 million. It also forecast $18.4 billion in Covid-19 vaccine sales
Continue reading »India's Covid vaccine maker told to meet domestic demand first, urges 'rest of the world' to be patient
Serum Institute "has been directed to prioritise the huge needs of India and along with that balance the needs of the rest of the world," said the institute's CEO Adar
Continue reading »Twitter says it will not fully comply with India government orders to take down some accounts
Twitter said on Tuesday it would not fully comply with orders from Prime Minister Narendra Modi's government to take down some accounts. The social media giant said it does not
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