Newsfeeds Archive - Page 89 of 97

1 minute read

PetroChina Posts Record H1 Profit On Surging Oil Prices: Here Are The Dividend Details

August 25, 9:03 PM

Chinese oil giant PetroChina Company Ltd (NYSE: PTR) has posted record profits in the first half of 2022, led by an increase in oil output coupled with a price rise in the commodity over geopolitical tensions.

PTR

1 minute read

Alibaba, Nio, JD Jump Over 3%: Hang Seng Tracks Wall Street Cues After Suspended Morning Session

By Bhavik Nair

August 25, 2:00 AM

After being suspended on Thursday morning due to a typhoon alert, Hong Kong's benchmark Hang Seng Index rose 1.22% in afternoon trade, taking cues from Wall Street as investors turned their attention to the start of the Jackson Hole Economic Symposium.

BABA

1 minute read

Singapore Telecom Major To Sell $1.6B Stake In India’s Airtel To Boost 5G, Growth Initiatives

By Bhavik Nair

August 25, 1:36 AM

Singapore Telecommunications Limited (OTC: SGAPY) has announced it will sell a 3.3% stake in Indian telecom player Airtel to Bharti Telecom, for approximately S$2.25 billion ($1.61 billion), as part of its capital recycling strategy.

SGAPY

2 minute read

XPeng Plans To Launch 2 EVs Next Year — One Of Them Could Compete With Tesla’s Model Y

By Bhavik Nair

August 25, 12:38 AM

Tesla Inc (NASDAQ: TSLA) rival XPeng Inc (NYSE: XPEV) is planning to launch two cars next year — one of which could be a potentially strong competitor to Tesla’s Model Y

TSLA

2 minute read

Why Alibaba, Nio And Other Stocks’ Trading Has Been Suspended In Hong Kong Today

By Bhavik Nair

August 24, 10:28 PM

Trading of stocks and derivatives on the Hong Kong bourse was suspended on Thursday morning due to the issuance of Typhoon Signal No. 8.

BABA

1 minute read

Jack Ma’s Ant Signs MoU With Kenanga To Enable Launch Of Malaysia’s First Wealth SuperApp

By Bhavik Nair

August 24, 9:01 PM

Alibaba Group Holdings Ltd.’s (NYSE: BABA) financial affiliate Ant Group has signed a memorandum of understanding (MoU) with Malaysia’s Kenanga Investment Bank Berhad under which Kenanga will leverage mPaaS, a m

BABA

1 minute read

After Nio, More US-listed Chinese Firms May Arrive In Singapore, Says Exchange CEO

By Bhavik Nair

August 24, 3:56 AM

Singapore Exchange Ltd. (OTC: SPXCY) expects more listings by U.S.-listed Chinese firms with the exchange trying to woo companies at a time when they are facing greater regulatory and de-listing risks, according to a report by

NIO

2 minute read

Singapore Imposes $9M Fine On Commodity Trading Firm Over Misleading Financial Statements

By Bhavik Nair

August 24, 3:53 AM

The Monetary Authority of Singapore (MAS) has imposed a civil penalty of S$12.6 million ($9 million) on Noble Group Limited (OTC: NOBGF) for publishing misleading information in its financial statements, a statement said.

NOBGF

2 minute read

Confounding Trade? Cathie Wood Dumps $50M In Nvidia Shares Just 2 Weeks After Major Buy And A Day Ahead Of Earnings

By Bhavik Nair

August 24, 3:14 AM

Cathie Wood-led Ark Investment Management dumped over 293,000 shares of NVIDIA Corporation (NASDAQ: NVDA) on Tuesday via two of the firm’s exchange-traded funds.

ARKK

2 minute read

Elon Musk’s South Korean Fans Pile $15B Of Savings Into Tesla Shares: Courtesy Of ‘Squid Game’ And ‘Paradise?’

By Bhavik Nair

August 24, 12:54 AM

Individual South Koreans have accumulated large stakes in Elon Musk-led Tesla Inc (NASDAQ: TSLA) throughout the pandemic, having hiked their combined holdings over a hundred-fold to over $15 billion, reported

AAPL