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THE bell has just tolled on one of the wildest years in Wall Street history, full of precipitous plunges, improbable rebounds and human tragedy.
LONDON: Britain's economic recovery from its coronavirus crash was a bit quicker than previously thought in the July-September period, according to official data which also showed government borrowing soaring to pay for the coronavirus crisis.
MUMBAI: Billionaire Mukesh Ambani has extended his fund-raising streak for Jio Platforms Ltd by selling a US$873mil stake to General Atlantic, an early investor in Airbnb Inc and Uber Technologies Inc.
PETALING JAYA: The outdoor advertising or out-of-home (OOH) market at large is expected to remain buoyant despite a shrinking advertising expenditure (adex) with the slowing economy as marketers take a cautious stance and adopt a wait-and-see attitude.
SHANGHAI/HONG KONG: Chinese stocks ended higher on Tuesday as the central bank vowed to stabilise the market, regaining some ground from the coronavirus-led rout that erased almost $400 billion in market value from the Shanghai benchmark in the previous session.
Encouraging more retail investors to put money in equities will enhance market vibrancy.
PETALING JAYA: Rakuten Trade Sdn Bhd has generated almost RM5bil in trading value and more than 32,500 accounts to date since its inception in May 2017.
FRANKFURT: German efforts to recapitalise one of the country’s largest public-sector lenders have hit an impasse that threatens to send ripples through a key pillar of the banking system.
SINGAPORE: Consumer-focused private equity firm L Catterton Asia is investing in Will’s Group, one of China’s biggest private gym operators, in a bet that yoga and body pump classes will take off in the country.