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…]
Category: China
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…]
Tesla’s stock soars on Chinese full self-driving milestone
In a fast turn of events, Tesla’s shares surged by over 13% in U.S. premarket trading on Monday following a groundbreaking development related to its [more…]
Hong Kong breaks ground with cryptocurrency ETF approval, Asian investors eyeing market entry
Hong Kong is stepping into the spotlight with its upcoming exchange-traded funds (ETFs) that will invest directly in cryptocurrencies like bitcoin and ether. While industry [more…]
HKVAEX crypto exchange shuts down in Hong Kong after license bid withdrawal
In a surprising turn of events, HKVAEX, the cryptocurrency exchange affiliated with Binance, has announced its closure in Hong Kong, just three months after initiating [more…]
Chinese collectors drive surge in art market growth with increasing sophistication
In 2023, China cemented its position as the world’s second-largest art market, sparking a surge in demand for art advisory services from banks, according to [more…]
China’s manufacturing shows signs of life amid economic challenges
China’s manufacturing sector saw a glimmer of hope in March as activity expanded for the first time in six months, according to an official factory [more…]
Singapore’s factory output surges in February, defying expectations
Singapore’s factory output displayed resilience in February, defying expectations and expanding by 3.8 per cent year on year. This surpassed analysts’ forecasts, which had predicted [more…]
Rollercoaster week ahead for investors as markets eye U.S. inflation data
Investors are gearing up for a potentially tumultuous week as Asian shares cautiously inched higher on Monday. The market mood remains cautiously optimistic, with hopes [more…]
Oil prices reach four-month high on supply disruptions and economic growth signs
In a surprising turn of events, oil prices surged approximately 2% to reach a four-month high on Monday, driven by a combination of factors including [more…]