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ByteDance rival Kuaishou aims to raise up to US$5b in HK IPO
HONG KONG: Chinese online short video start-up Kuaishou aims to raise up to $5 billion in a Hong Kong initial public offering (IPO) as early as January.
Asian markets edge higher with eyes on Fed policy meeting
HONG KONG (AFP): Asian stocks edged up Wednesday (Sept 16) but investors trod a cautious path following a broadly positive start to the week, with focus on the outcome of the Federal Reserve's latest policy meeting.
Emerging markets: Indonesia shares up again as vaccine hopes boost shares in Asia
JAKARTA, Sept 14 (Reuters): Indonesia stocks recouped more than half of last week's 4% decline on Monday after new Covid-19 restrictions in Jakarta proved less severe than feared, with stock markets across Asia buoyed by the resumption of trials for one of the leading coronavirus vaccine candidates.
Indonesia stocks jump on relief over less stringent virus curbs in Jakarta
(Sept 14, Reuters): Indonesia stocks rose over 2% on Monday after new Covid-19 restrictions on Jakarta proved less severe than feared, with markets across Asia aided by AstraZeneca resuming trials of its leading vaccine candidate.
Drug marketing firm reaches new highs
TOKYO: Japan’s top-performing blue-chip stock this year, M3 Inc, is poised to climb further in the long run thanks to rising demand for online healthcare services, investors say.
Russian tycoon owns more melting Arctic than anyone
Russia’s richest man feeling the impact of climate change
Oil prices edge up off 3-month lows, but demand concerns persist
NEW YORK: Oil futures on Wednesday clawed back some of the losses they sustained in the previous session, but a rebound in COVID-19 cases in some countries undermined hopes for a steady recovery in global demand.
Brent crude to rise to US$50 in 2021
BENGALURU: Morgan Stanley expects Brent crude prices to climb to $50 per barrel by the second half of 2021 supported by a weaker dollar and higher inflation, it said in a note on Wednesday.
Japan’s economy sinks deeper into contraction
TOKYO: Japan’s economy sank deeper into its worst postwar contraction in the second quarter as the coronavirus jolted businesses more than initially thought, underscoring the daunting task the new prime minister faces in averting a steeper recession.
Morgan Stanley leaps bullishly into virus-racked US airlines
LONDON: Morgan Stanley is bullish on United States airline stocks, initiating coverage on the sector with an “attractive view” and overweight ratings for Southwest Airlines Co, JetBlue Airways Corp and Delta Air Lines Inc.
