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Global investors ending 2021 'risk-on' - BofA
MILAN (Reuters) - Investors are heading towards the end of the year in a "risk-on" mood, having reduced cash allocations and lifted their overweight position on U.S. stocks to the highest since August 2013, BofA Securities' monthly fund manager survey showed.
Skies darken for Indian IPOs after Paytm's diappointing debut
MUMBAI (Reuters) - Paytm's dismal stock market debut this week is likely to put a damper on future offerings after the IPO of the digital payments firm ranked among the worst-performing in Indian history, six analysts and bankers said on Friday.
BoFA investor survey: Biggest tech underweight position since Aug 2006
LONDON (Reuters) - Investors have ramped up their underweight tech position to its largest in more than 15 years as central bank tightening remained the top risk to global markets in 2022, according to a monthly fund manager survey by BoFA Securities.
Apple puts need for 5G ahead of legal fight in Qualcomm deal
Apple Inc put its flagship product, the iPhone, ahead of distaste for the way Qualcomm Inc does business in settling a bitter, two-year legal dispute with the chipmaker.
Ex-Goldman banker’s quest for fresh food turns into a hit app
A mobile app created by a former Goldman Sachs banker obsessed with fresh food is disrupting South Korea’s retail industry by giving grocery shoppers fewer reasons to visit a store.
Gett is said to court buyers as ride-hailing apps battle it out
Gett Inc, the ride-hailing app valued at more than US$1bil (RM4.18bil) and backed by Volkswagen AG, is looking for buyers in a bid to compete with larger rivals, people familiar with the matter said.
Facebook users try data grab as Cambridge Analytica evaporates
Facebook users who say their personal data was misused, potentially to distort the last US election, will find out whether they can squeeze more information out of a quickly evaporating company that played a role: Cambridge Analytica.
Amazon forays into Australia with small loss
Online retail giant Amazon.com Inc, whose entry into Australia last year rattled established bricks-and-mortar retailers, posted a modest loss in its earliest days in the country, corporate filings show.
Google to invest US$550mil in China e-commerce site JD
Google is investing US$550mil (RM2.19bil) in cash in China’s JD.com Inc as the US search giant pushes deeper into online commerce.
Amazon.com plays catch-up in Brazil as local rivals thrive
Claudia Maria de Oliveira is leery of online shopping. But while browsing social media recently, the 49-year-old Brazilian spotted a bargain-priced sandwich press from local retailer Magazine Luiza SA.
