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SHANGHAI, July 26 (Xinhua) -- China's Nasdaq-style sci-tech innovation board, also known as the STAR market, is expected to nurture world-class technology companies in China, considering its astonishing growth in the past year.
NEW YORK: Wall Street's main indexes closed higher on Monday as investors bet on some of the market's most high-profile stocks ahead of earnings reports while they weighed progress in U.S. government stimulus efforts against rising U.S. COVID-19 cases.
The accelerated digital transformation across almost every sector amid the coronavirus pandemic is boosting an esoteric collection of Japanese companies that dominate the global supply of semiconductor materials.
ZURICH: Credit Suisse Group AG is set to announce a sweeping overhaul of its business as Chief Executive Officer Thomas Gottstein seeks to tighten controls and boost the performance of the investment bank.
HONG KONG: As Hong Kong's stock market prepares for billions of dollars in sales of new shares, global fund managers have a big challenge - competing with the city's army of mom-and-pop investors for a slice of the pie.
NEW YORK: The staple US portfolio of 60% equities and 40% fixed income proved resilient this year, but strategists are now considering alternatives to government debt after some bond yields reached historic lows.
DUBAI: The financial fallout from the coronavirus pandemic will keep fuelling debt issuance from the Middle East into 2021, while also stoking mergers and acquisitions (M&As) as companies seek to consolidate, according to JPMorgan Chase & Co.
TOKYO: Mitsubishi UFJ Financial Group Inc (MUFG), Japan's largest lender by assets, said on Tuesday its first-quarter net profit more than halved as credit-related costs ballooned due to the coronavirus pandemic.