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Alibaba overtakes Facebook as world’s sixth-most valuable company after shares soar by 10% in Hong Kong
Alibaba’s shares rose 10% in Hong Kong to a record HK$261.60, after advancing 9% in New York overnight to US$257.68. That gives the Hangzhou-based technology company nearly HK$5.614tril (US$720bil) in market value, more than Facebook’s US$694.53bil in capitalisation.
PRAGUE (Reuters) - When Dunia Skaunicova graduated in media marketing from Prague's Metropolitan university she quickly found a dream first job at a startup in the Czech capital, where companies were fighting to snap up multi-lingual graduates.
Most ride-hail workers in Seattle are part-time drivers whose earnings are roughly in line with the city's median, a study of data provided by Uber and Lyft showed, defying some perceptions of drivers working full-time for little pay.
KUALA LUMPUR: Matrix Concepts Bhd recorded a net profit of RM234.3mil in its 2020 financial year ended March 31, 2020, a 7.3% increase over the previous year on the back of improved contribution from its residential and industrial properties.
HONG KONG (AFP): Most Asian markets rose Thursday (July 9) following another record close on Wall Street as concerns about a new spike in infections around the world were overshadowed by optimism for the economic recovery.
KUALA LUMPUR: When it comes to oil and gas stocks, Kenanga Investment Bank Research is not in favour of a bargain-hunting strategy, especially for long-term investors.
KUALA LUMPUR: Maybank Investment Bank Research expects the recent OPR cut to have minimal impact on Public Bank’s earnings while it also decides to retain its forecasts.
KUALA LUMPUR: Domestic Consumption is expected to remain soft in the second half of the year although it could slowly pick up from the government's stimulus packages, low interest rates and expectations of a consumer-friendly Budget 2021, says Kenanga Investment Bank Research.
NEW YORK: Asian stocks were expected to rise on Thursday, as hopes of a robust economic recovery offset concerns over flare-ups in the coronavirus pandemic, and as investors looked ahead to earnings season.
NEW YORK: U.S stocks rose on Wednesday and the Nasdaq hit a record closing high, supported by technology shares as early signs of an economic rebound offset concern about further lockdowns due to a jump in coronavirus cases across the country.