Posts Tagged ‘stock’

Hong Kong’s hottest new stock back to earth

HONG KONG • Most Kwai Chung Ltd, the media firm that staged Hong Kong’s best 2018 debut, has swung back to its initial offer price following a 90% plunge ...

Tencent looks for a bottom after RM613.5b wipeout

This comes as game revenue growth slows and US-China trade tensions punish wide swaths of the market
by BLOOMBERG HONG KONG • Investors in Tencent ...

KLCI higher at midday amid muted regional markets

by TMR
Malaysia’s KLCI recovered from a flat start to trade in the green at mid-session today, continuing to rally from the 12-month low it ...

Buffett’s Berkshire gains as company lifts cap on stock buybacks

New York • Berkshire Hathaway Inc shares climbed the most in four months after the company signalled that investors may soon get their hands on part of a ...

The Fed should opt for a boring statement

Pic By BLOOMBERG
The US Federal Reserve (Fed) has successfully led financial markets to price in its baseline interest-rate signals for 2018. In ...

How money managers see global markets

Trade war, China devaluation, tech selloff top the worry list
by BLOOMBERG SINGAPORE • Beware higher bond yields, watch for a stronger dollar, and ...

Sequoia buys Facebook stake after ‘recent controversy’

The social-networking giant’s fundamentals remain intact even as its equity valuation has fallen
by BLOOMBERG NEW YORK • The US$4.2 billion (RM16.26 ...

China said to call on companies, mutual funds to boost stocks

by BLOOMBERG
BEIJING • China has urged controlling investors in listed companies to boost their holdings and some mutual funds to limit equity selling ...

Facebook fail is blow for Silicon Valley cult of founder control

by BLOOMBERG
Silicon Valley spent more than a decade finding ways to give company founders more control. When Facebook Inc. tried to follow suit, ...

China bans brokerage CEOs from time off, trips

BEIJING • As China’s most important political event in years draws nearer, regulators have made it clear to the nation’s top financiers that they don’t ...

Europe’s reinsurers jump as Florida avoids Irma

ROME • Reinsurers jumped in European stock markets amid signs that payouts for damage caused by Hurricane Irma will be lower than expected after the ...

Foxconn details plan to buy Toshiba unit

Foxconn will hold 25% of the equity, Apple 20%, Kingston 20%, Sharp 15%, SoftBank 10% and Toshiba would keep 10%
By BLOOMBERG BEIJING • Taiwan’s ...