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Business 5 years ago
Asian shares set to dip as investors await key data
Asian shares looked set to open lower on Tuesday as investors shifted focus to upcoming data and central bank meetings although positive developments around potential COVID-19 vaccines and increased deal activity are likely to stem losses.
Business 5 years ago
Asian shares start cautiously amid elevated valuations, oil skids
Asian shares started Monday on the backfoot as investors grapple with sky-high valuations against the backdrop of a global economy in the grip of a deep coronavirus-induced recession while oil prices dropped sharply.
Business 5 years ago
Asian shares defensive; eyes on EU summit, US stimulus talks
Asian shares began warily on Monday as investors eyed efforts to stitch together more fiscal stimulus in the eurozone and United States to help economies ride out the effects of a record jump in COVID-19 cases globally.
Business 5 years ago
Alibaba's Jack Ma sells $9.6 billion worth shares, stake dips to 4.8%: filing
Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8 percent from 6.4 percent, cashing out around US$9.6 billion at its current share price, the firm’s annual filing released on Friday showed.
Business 5 years ago
Asia shares at four-month peak, stimulus trumps virus fears
Asian shares held near four-month highs on Monday as investors counted on super-cheap liquidity and fiscal stimulus to sustain the global economic recovery even as surging coronavirus cases delayed reopenings across the United States.
Business 5 years ago
Germany stamps authority on Lufthansa with $9.8 billion lifeline
The largest German corporate rescue since the coronavirus crisis struck will see the government get a 20 percent stake, which could rise to 25 percent plus one share in the event of a takeover attempt, as it seeks to protect thousands of jobs.
