Property Market on Steroids’: Asia-Pacific’s Real Estate Boom Sees Buyers Bidding Up Prices
Housing prices have shot up across cities in Asia-Pacific this year, fueled by record low interest rates amid the pandemic.…
Category: World
Naira Sinks To 530 Against Dollar, Pound Hits N720
The naira plunged to a fresh record low against the dollar, the British pound sterling and euro on Thursday amid…
European Stocks Muted As Markets Monitor Key Economic Data
European markets were fractionally lower on Friday morning as investors awaited key economic indicators out of the euro zone and…
China’s Stock Trading Volume Surges Above 1 Trillion Yuan For Weeks As Other Investment Options Dry Up
Chinese investors are turning to the local stock market as once-lucrative options like real estate and cryptocurrencies have fallen under…
China’s Tech Giants Pour Billions Into Xi’s Vision Of ‘Common
Alibaba will invest 100 billion yuan ($15.5 billion) over the next few years into “common prosperity” initiatives, joining a chorus…
U.S. Weekly Jobless Claims Fall; Layoffs At 24-Year Low
The number of Americans filing new claims for jobless benefits fell last week, while layoffs dropped to their lowest level…
President Xi Says China To Set Up Stock Exchange In Beijing
China’s President Xi Jinping on Thursday (Sept 2) said the country would set up a stock exchange in its capital,…
WhatsApp faces $267M Fine For Breaching Europe’s GDPR
It’s been a long time coming but Facebook is finally feeling some heat from Europe’s much trumpeted data protection regime:…
China Bans Reality Talent Shows
China banned reality talent programmes Thursday and ordered broadcasters to promote more masculine representations of men, in a wide-ranging crackdown…
Stock Futures Are Muted as September Gets Off To a Slow Start
U.S. stock futures were little changed early Thursday morning after the S&P 500 finished the first trading session of the…
Nio And Xpeng Deliveries Fall in August As Chip Shortage Hits China’s Electric Carmakers
Nio and Xpeng deliveries dropped in August as the chip shortage and supply chain constraints hit the Chinese electric vehicle…
European Markets Lackluster As Markets Gear Up For U.S. Jobs Data; Swedish Orphan Biovitrum Up 24%
European stocks edged higher on Thursday morning as investors geared up for the next reading of U.S. nonfarm payrolls which…
European Central Bank To Announce Tapering In December, Analysts Say
The European Central Bank will announce the reduction of its Covid-related stimulus in December, four analysts told CNBC amid an…
S&P 500 Closes Flat On First Day Of September, Nasdaq Ekes Out A Record Close
The S&P 500 closed the first trading day of September near the flatline as the strength in technology shares faded,…
Private Payrolls Increase By Just 374,000 in August, Far Short Of The 600,000 Estimate, ADP Says
U.S. companies created far fewer jobs than expected in August as the Covid resurgence coincided with cutbacks in hiring, according…
Shares In Asia-Pacific Mixed; Australia Records Higher-Than-Expected Trade Surplus In July
Shares in Asia-Pacific were mixed in Thursday trade as Australia reported a higher-than-expected trade surplus in July. The S&P/ASX 200…
Apple Will Let Some Apps Guide Users To Websites To Make Payments, Bypassing Apple’s Cut
Apple on Wednesday said that some apps will be allowed to provide a link to their websites to prompt users…
Chinese Regulators Summon 11 Ride-Hailing Firms, Including Didi, Over ‘Illegal Behavior’
Chinese regulators have summoned and interviewed 11 ride-hailing firms asking them to rectify non-compliant behavior. The Ministry of Transport, along…
Financials Took S&P 500 Leadership In August, And Traders See Continued Strength In Two Stocks
Financials led the market in a red-hot rally in August. The sector gained 5% last month, narrowly edging out communications…
Virgin Galactic ‘Could Really Take Off’ If It Breaks Above This Level, Trader Says As Space Stock Gets Analyst Love
Virgin Galactic could be setting up for a sustained move higher. Jefferies initiated coverage of the space travel stock with…
Stocks Making The Biggest Moves Midday: Uber, Apple, Wells Fargo And More
Ambarella — Shares of the semiconductor company surged 20% after Ambarella beat expectations on the top and bottom lines for…
Online Dating Company ParshipMeet Prepares For IPO In 2022
Rivals such as Bumble and Tinder-owner Match Grouping trade at about 50 times their expected core earnings. That means ParshipMeet could be valued at more than 4 billion euros in the IPO, people close to the matter said.
Power Losses Stifle Oil firms Recovery Efforts After Hurricane Ida
Energy companies’ efforts to get workers back to production platforms and refineries to make repairs after Hurricane Ida lashed Louisiana…
Nigeria’s Center For Disease And Control (NCDC) Boss, Chikwe Ihekweazu, Appointed Assistant DG of WHO
Dr. Chikwe Ihekweazu of Nigeria’s Center for Disease and Control has been appointed Assistant Director-General of the World Health Organization (WHO) in charge of Health Emergency Intelligence with effect from November 1, 2021
Asia stocks mixed; private survey shows Chinese factory activity shrinking in August
Shares in Asia-Pacific were mixed on Wednesday, as a private survey showed shrinking Chinese factory activity in August. Mainland Chinese…
Gold Listless As Investors Seek Direction From U.S. Jobs Data
Gold prices were little changed on Wednesday as investors awaited a key U.S. jobs report for clues on when the Federal…
Stock Futures Rise Following Another Record-Setting Month For The S&P 500
U.S. stock futures were higher in early morning trading on Wednesday after the S&P 500 notched a seven-month win streak…
Australia Is Considering New Laws For Apple, Google, WeChat Digital Wallets
The Australian government is considering new laws that would tighten the regulation of digital payment services by tech giants such…
Walmart To Hire 20,000 Supply Chain Employees As It Ramps Up For The Holidays
Walmart said Wednesday it plans to hire 20,000 employees to help keep merchandise moving ahead of the anticipated holiday shopping rush.…
European Markets Advance, Looking Past Inflation Data
The pan-European Stoxx 600 gained 0.8% in early trade, with retail stocks climbing 1.5% to lead gains while basic resources slipped…