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How a marked-up term sheet and messy rollout threw TikTok deal into disarray
As China’s ByteDance raced to seal a deal with Oracle Corp and Walmart Inc to keep its video-sharing app TikTok operational in the United States, an apparent breakthrough came last Wednesday in a phone call to U.S. Treasury Secretary Steve Mnuchin.
Bank of East Asia to sell insurance arm following portfolio review
HONG KONG: Bank of East Asia Ltd (BEA), which counts Guoco Company Management Ltd as a substantial shareholder, has decided to initiate a sale of its insurance business and is seeking a strategic partner for its mainland China business following a review of its portfolios and assets.
Investors eye new haven in Chinese bonds
SHANGHAI: China’s recovery from the Covid-19 pandemic and a flurry of market reforms are creating an ideal backdrop for the possible inclusion of its government bonds in a major global index this week.
Microsoft doubles down on gaming with US$7.5bil deal
Xbox maker buying Doom-owner ZeniMax
Oil falls 5% as economic outlook dims with rising virus cases
NEW YORK,:Oil prices plunged about 5% on Monday, weakening as rising coronavirus cases stoked worries about global demand, and a potential return of Libyan production bolstered oversupply fears.
Insight - ‘Free money’ for banks as investors pile into fractured gold market
BANKS are making huge profits from gold as investors flood into a market fractured by the coronavirus crisis.
Turkey may go through limited contraction
Economists say interest rates may have to rise higher
Oil prices slip on potential Libyan output return, storm supports
LONDON/SINGAPORE, Sept 21 (Reuters) : Oil prices fell on Monday, weakened by the possible return of Libyan production and as rising coronavirus cases stoked worries about global demand, although the market drew support as a tropical storm threatened to disrupt output in the US Gulf of Mexico.
ANALYSIS: Why US won't 'decouple' from China in finance
Does the United States really want to decouple from China in the financial industry? Presumably, the answer is "No".
Unity Software soars in blockbuster NYSE debut
NEW YORK: Shares of Unity Software Inc soared in their debut on the New York Stock Exchange on Friday, giving the gaming platform a market value of around $18 billion and signaling sustained demand for new stocks.
