Tesla’s earnings miss, stock drops, and Musk’s future promises
In a twist worthy of a sci-fi thriller, Tesla’s shares took a nosedive, dropping more than 8% in premarket trading. The electric car giant, helmed [more…]
Category: China
Luxury brands face gloom as China’s economic woes deepen
Once the glittering beacon of luxury consumption, China now casts a growing shadow over high-end brands like LVMH and Chow Tai Fook. As the world’s [more…]
Hong Kong launches inverse Bitcoin ETF to profit from crypto decline
In a surprising turn of events, Hong Kong is set to debut Asia’s first inverse bitcoin exchange-traded fund (ETF) this Tuesday, allowing investors to profit [more…]
Temasek bets big in India’s booming markets
In a daring strategic move, Singapore’s powerhouse investor Temasek is set to pour up to a whopping $10 billion into India’s vibrant markets over the [more…]
Shanghai Stock Exchange bars S2C from IPO for fraudulent profits
In a stunning twist, the Shanghai Stock Exchange has wielded its hammer of justice, barring local chip maker S2C from listing its shares for a [more…]
China’s food delivery giant, Meituan, overcomes economic challenges with record-breaking Q1 growth
Amid a volatile economic landscape, Meituan has emerged as a beacon of resilience and growth. The on-demand services titan reported a stunning 25% year-on-year surge [more…]
Hong Kong’s SFC grants temporary approval to 11 crypto exchanges
Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), has thrown a lifeline to 11 cryptocurrency exchanges, giving them the green light to keep [more…]
Hong Kong market falters as investor confidence wavers
In a turbulent session on Thursday, Hong Kong stocks couldn’t escape the regional equities sell-off, echoing the woes from rising US Treasury yields and persistent [more…]
Shein shifts IPO focus to London in response to U.S. regulatory challenges
Shein is shaking up its IPO plans, pivoting towards a London listing following obstacles in the U.S. market. Despite initial intentions to go public in [more…]
Russian energy Gazprom reports first loss since 1999
In a surprising turn, Russian energy giant Gazprom announced a staggering loss of 629 billion rubles ($6.84 billion) for the previous year, marking the first [more…]