TOKYO, July 7 (Reuters) – Japanese shares ended lower on Wednesday, dragged down by chip-related stocks, with worries over a resurgence of COVID-19 infections ahead of the Tokyo Olympics weighing on sentiment. The Nikkei share average fell 0.96% to close at 28,366.95, while the broader Topix slipped 0.86% to 1,937.68. Chip-related shares tracked the Philadelphia SE Semiconductor index lower, with […]
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US private equity heavyweight Apollo Global Management has muscled into listed annuities specialist Challenger’s register, teaming up with Bermuda-based investment firm Athene to pick up a 15 per cent stake in the company. Athene and Apollo Global Management have snapped up the minority stake for $729 million, claiming there were “long-term opportunities in partnering with and supporting Challenger’s continued growth”. […]
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TOKYO (Reuters) – The euro staggered near a three-month low against the dollar on Wednesday after disappointing German data raised doubts about the strength of the economic recovery, while the dollar awaited the Federal Reserve’s minutes from its last policy meeting.FILE PHOTO: An employee of the Korea Exchange Bank counts one hundred U.S. dollar notes during a photo opportunity at […]
Read more(Reuters) – Authentic Brands Group Inc on Tuesday filed for a U.S. initial public offering following a year that saw the parent of apparel chain Aéropostale and Sports Illustrated magazine post strong earnings growth. In a regulatory filing, Authentic Brands listed asset manager BlackRock Inc, U.S. private equity firm General Atlantic LLC and mall owner Simon Property Group Inc among […]
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WASHINGTON (Reuters) -The U.S. Defense Department canceled its $10 billion JEDI cloud-computing project on Tuesday, reversing the Trump-era award to Microsoft Corp and announcing a new contract expected to include its rival Amazon.com and possibly other cloud players. The contract was coveted not for its dollar value as much as its prestige: Both companies for years have sought to persuade […]
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OPEC may have opened the door to a more volatile period for oil prices, after longtime allies Saudi Arabia and United Arab Emirates disagreed over aspects of a deal with Russia and other nations. OPEC and its allies were discussing adding 400,000 barrels a day to the market, starting in August. Analysts say it's possible the oil organization can work […]
Read moreWhy oil prices are pulling back after OPEC supply standoff PRICE Futures Group senior analyst Phil Flynn on why oil prices are retreating from a six-year high. Bitter infighting within OPEC and ongoing friction with allied oil-producing countries could increase prices at the pump even more. The "power struggle" between leading cartel member Saudi Arabia and the United Arab Emirates over […]
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With the trading day more than halfway over, the markets were sliding. Each of the major indexes saw a loss at midday, with the Dow Jones industrial average leading the charge lower by 1%. Although the Nasdaq was relatively flat, it was skewing toward the negative side. At the same time, oil is pulling back from its recent highs, while […]
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Under the new measures, China will improve regulation of cross-border data flows and security, crack down on illegal activity in the securities market and punish fraudulent securities issuance. China will also check sources of funding for securities investment and control leverage ratios, it said. In this article YMM DIDI BZ China will step up supervision of Chinese firms listed offshore, […]
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