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HONG KONG (AFP): Traders took a step back in Asian trade Tuesday (Aug 31) as they struggled to extend Wall Street's rally, with sentiment jolted by data suggesting China's economic recovery was slowed down by an outbreak of the fast-spreading Delta Covid variant.
HONG KONG: State-backed firms are set to take a sizeable stake in a key Ant Group asset for the first time, three people told Reuters, in a move that will loosen the Chinese fintech giant’s grip on a data treasure trove of over one billion users but help revive its initial public offering (IPO).
But volatility remains in short term due to Covid-19 cases and external risks
HONG KONG (AFP): Asian markets bounced back Friday(Sept10) from the previous day's losses, though investors were treading cautiously as they try to gauge the impact of the Delta variant on the global outlook.
(BLOOMBERG) -- After a summer breather, the commodities the world relies on for construction, manufacturing and keeping the lights on are surging again.
PETALING JAYA: Numbers forecast operators (NFOs) saw their shares trade largely in the positive territory as reopening of their outlets yesterday spurred sentiment.
LONDON: More disruption is looming in the global copper scrap market. This time it is Malaysia that is threatening to stop imports of lower-grade recyclable material.
HONG KONG: Asia has had its best third quarter on record for initial public offerings (IPOs), even with Hong Kong turning quiet as many firms put listing plans in the regional powerhouse on hold amid China’s sweeping regulatory clampdown.
LAGOS (Reuters) - Nigerian art dealer Ebuka Joseph started using cryptocurrencies last year when business ground to a halt due to COVID-19. Now he is hooked even though the financial authorities disapprove.