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HONG KONG (AFP): China's number two smartphone maker Xiaomi briefly suspended trading of its shares in Hong Kong on Wednesday (Dec 2) after failing to disclose a multibillion-dollar top-up placement in time for the market to open.
CHINA'S No. 2 smartphone maker Xiaomi Corp. has raised $4 billion from a combined share placement and sale of convertible bonds, adding to a war chest aimed at expanding its market share from competitor Huawei Technologies Co.
NEW YORK: Stock markets rose and safe havens such as U.S. Treasury bonds dipped Tuesday as strong factory data and signs that coronavirus vaccinations could be administered by the end of the year helped prolong a worldwide rally in risk assets even as the pandemic accelerated.
AT the best of times, Opec’s management of the oil market is like flying a plane wearing boxing gloves.
SME Bank’s financing assistance for green technology and renewable energy projects has been recognised with a special award.
MANILA (Philippine Daily Inquirer/ANN): The Philippines’ borrowings from January to October hit P3.22 trillion, exceeding the P3-trillion full-year programme as the national government secured another P540 billion from the central bank Bangko Sentral ng Pilipinas (BSP) last month to bolster its war chest for Covid-19 response.
Every winter, Lorina Sthapit and her cousins would warm their feet in woollen socks freshly knitted by their grandmother.
NEW YORK: World stock markets dipped on Monday to close a record-breaking month as the prospect of a vaccine-driven economic recovery next year and further central bank stimulus measures eclipsed immediate concerns about the spiking coronavirus pandemic.
BEIJING: China's property market is the biggest "grey rhino" - a very obvious yet ignored threat - in terms of financial risks, given it is so deeply intertwined with the financial industry, the head of the country's banking regulator said.
JAKARTA (The Jakarta Post/ANN): The Indonesian government is expecting to finish the ratification of the comprehensive economic partnership agreement with Iceland, Lichtenstein, Norway and Switzerland early next year in a bid to attract investment from those countries amid the Covid-19 crisis.