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BEIJING: Economists broke down China’s annual policy-document dump and concluded that Beijing is holding stimulus measures in reserve in case the global impact of the coronavirus pandemic worsens significantly.
BEIJING: Beijing is accelerating its bid for global leadership in key technologies, planning to pump more than a trillion dollars into the economy through the rollout of everything from wireless networks to artificial intelligence.
NEW YORK: United States insurance policy comparison website SelectQuote Inc raised US$360mil after selling shares in its initial public offering (IPO) above its target range on Wednesday.
Beijing is accelerating its bid for global leadership in key technologies, planning to pump more than a trillion dollars into the economy through the rollout of everything from wireless networks to artificial intelligence.
TOKYO: Japan’s Mitsubishi UFJ Financial Group Inc (MUFG) said it would shutter up to 40% of its domestic branches by fiscal 2023 as the lender plans to adopt more cost-cutting measures in response to the coronavirus crisis.
NEW YORK CITY: A hard-to-see shift in how Wall Street views the future of S&P 500 profits may have set the stage for days like today, when stocks are rising the most in nearly three weeks.
TOKYO: SoftBank Group Corp is closing in on a deal to sell about US$20bil of its stock in T-Mobile US Inc, accelerating efforts to raise capital after record losses in its investment business, according to people familiar with the matter.
HONG KONG: Stock pickers in Asia seeking to preserve dividend income should focus on high-quality companies rather than attempting to time the market to capture a rebound in economic activity, according to quantitative strategists at Morgan Stanley.