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JACK Ma, the former English teacher who co-founded Alibaba Group Holding Ltd. with $60,000, is poised to become the world’s 11th richest person after Ant Group Co. priced shares for a record initial public offering.
Blockbuster listing will rank as world’s biggest share sale ever
WASHINGTON: Banks that facilitated the US government’s Paycheck Protection Programme (PPP) at first saw the effort as a small revenue booster with a patriotic bonus, shepherding US$525bil in loans to businesses slammed by the fallout of the Covid-19 pandemic.
HONG KONG: Citigroup Inc is planning to include an investment banking unit in China to take advantage of an expected steady stream of big stock deals as the nation opens up and liberalises its financial markets, a person familiar said.
SDYNEY: Japan’s record-buying spree of Australian bonds may cool off with the Reserve Bank of Australia (RBA) mulling an expansion of its quantitative easing programme.
LONDON: As Brexit sends hedging costs soaring again, strategists are recommending a slew of less crowded ways to trade the never-ending political drama.
Temperature checks and plexiglass barriers between desks can’t prevent one of the most dangerous workplace behaviors for the spread of Covid-19 – the irresistible desire to mingle.
BREXIT could one day give the European Union (EU) an opportunity to challenge the City of London’s dominance as a global financial hub.
NEW YORK: When the Organization of the Petroleum Exporting Countries (Opec) and its allies met last month, Saudi Arabia’s energy minister dared oil speculators to test his determination to stabilise global markets.
NEW YORK, Oct. 17 (Xinhua) -- Wall Street's major averages eked out modest gains in the week as investors monitored updates about a U.S. coronavirus stimulus bill, while poring through a batch of key economic data.