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Online travel booking sites Priceline Group and TripAdvisor took a beating from investors on Nov 7, highlighting how the companies' once industry-disrupting model is under growing pressure from other competitors.
Apple Inc investors may be cheering as the iPhone X’s debut propels the stock to all-time highs, but the mood among sellers of the handset in Beijing is decidedly less upbeat.
RIYADH (Reuters) - All major Gulf stock markets slid on Tuesday on jitters about Saudi Arabia's sweeping anti-graft purge, a campaign seen by critics as a populist power grab but by ordinary Saudis as an overdue attack on the sleaze of a moneyed ultra-elite.
SHANGHAI: Hong Kong stocks rose to a fresh decade high on Wednesday morning, powered by investor enthusiasm for tech stocks, as shares in China Literature Ltd doubled in their red-hot debut.
BEIJING: China's exports rose at a slower pace in October as expected, but import growth beat forecasts in a sign domestic demand remained robust despite Beijing's crackdown on pollution that analysts say will reduce factory output and crimp overall economic growth.
SAN FRANCISCO: Snap Inc. still isn’t meeting much-lowered projections for growth. Now the company is taking drastic measures to shape its future.
SHANGHAI: China Evergrande Group, Asia’s hottest stock, raised US$9bil from selling a stake in a property unit, exceeding its previous guidance for the fundraising and providing more fuel for a rally that has crushed short-sellers.
LONDON: In financial markets, few have a good word to say for MiFID II, the European Union overhaul of securities laws going into effect in January. Mark Holman, chief executive officer of fixed-income specialist at TwentyFour Asset Management, begs to differ.