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Market News
November 1, 2021
China’s Big 3 Airlines Slump After Covid Outbreaks Bash Earnings
China’s three main airlines slid in Monday morning trade in Shanghai and Hong Kong in the wake of disappointing earnings announcements.
November 1, 2021
SoftBank’s Vision Fund Sells $2 Billion of DoorDash Shares
Masayoshi Son has tapped his shareholdings in DoorDash Inc. for the third time in just six months, selling $2 billion worth of SoftBank Group...
November 1, 2021
Upstart Japan Right-Wing Party Surprises With Big Election Gains
The biggest gainer in Japan’s general election is a party favoring small government with roots in Osaka politics that’s now the third-largest...
November 1, 2021
China-Focused Biotech LianBio Raises $325 Million in U.S. IPO
Biotechnology firm LianBio raised $325 million in an initial public offering, according to a statement, potentially opening a narrow path for U.S....
November 1, 2021
Developer Faces Another Bond Payment Deadline: Evergrande Update
China Evergrande Group faces another key bond payment deadline on Saturday, part of more than $2 billion coming due at the nation’s stressed...
November 1, 2021
Australia to Allow Quarantine-Free Travel From Singapore
Australia will let fully-vaccinated travelers coming from Singapore to enter the states of New South Wales and Victoria without having to quarantine...
November 1, 2021
Kuaishou CEO Is Latest Tech Founder to Retreat in Crackdown
Kuaishou Technology Chief Executive Officer Su Hua became the latest founder to step back from a Chinese tech firm after a yearlong campaign by...
November 1, 2021
Nomura Shares Sink 7% After Provision Hit, Plunge in Profit
Nomura Holdings Inc. shares fell after earnings plunged and Japan’s largest brokerage took a $341 million provision for an ongoing legal case.
November 1, 2021
Japanese Stocks Jump After Ruling Party Secures Election Victory
Japanese stocks rose after the ruling coalition secured an election victory that was better than many had expected, paving the way for the...
November 1, 2021