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NEW YORK: Coinbase Global Inc was valued at US$86 billion at the end of its Nasdaq debut on Wednesday, in a choppy day of trading when its valuation went as high as $112 billion.
SEOUL: Samsung Electronics Co’s profit for the first quarter rose 44% from the prior year as the early release of a new flagship smartphone and strong gadget sales softened the blow from a Texas power failure that took one of its factories offline.
HOW is it that auto companies spend so much money and there is such vague disclosure on where it’s going? Or how their ambitious projects are progressing? Investors should be pushing accounting standards boards and companies to give them more.
BERLIN: German sportswear maker Adidas AG predicted a strong rebound in sales in 2021, particularly in China, the rest of Asia and Latin America, although its operating profit will be trimmed by costs associated with divesting the Reebok brand.
HONG KONG: Top Glove Corp Bhd is betting that pandemic-induced sales can provide enough fuel for its US$1.9bil Hong Kong listing to break through the headwind of US sanctions and the prospect of slower growth as vaccinations become widespread.
HONG KONG/SINGAPORE/KUALA LUMPUR: Malaysia's Top Glove Corp Bhd is betting that pandemic-induced sales can provide enough fuel for its $1.9 billion Hong Kong listing to break through the headwind of U.S. sanctions and the prospect of slower growth as vaccinations become widespread.
Kuala Lumpur: Analysts said the unknown pace of vaccination programmes mean the world's largest medical gloves maker could command a higher price for its stock by listing sooner rather than later, while the firm when announcing its plan on Friday talked up post-pandemic sales likely exceeding pre-pandemic levels.