Yum China is set to raise $2.22 billion in its secondary Hong Kong listing after indicating that its shares would be priced at HK$412 each, according to two sources with direct knowledge of the matter.
Australian retailers enjoyed another strong period of sales in July with gains in all states and territories except Victoria which is battling a second wave of novel coronavirus cases.
Financial firms in Hong Kong are scrambling to fortify their compliance operations following U.S. sanctions and China's new national security law, even as the sector pushes to cut costs amid the coronavirus pandemic.
Most major emerging market currencies will hold gains made since March's coronavirus-driven drop into next year, supported by a weaker outlook for the dollar and hopes of domestic economic recoveries, a Reuters poll of FX strategists showed.
(RTTNews) - The Taiwan stock market has finished higher in two of three trading days since the end of the three-day slide in which it had stumbled more than 240 points or 2 percent. The Taiwan Stock Exchange now rests just beneath the 12,760-point plateau although it figures to
Johnson & Johnson (NYSE: JNJ), one of many companies vying to be fast to market with a coronavirus vaccine, published encouraging results for its candidate on Thursday. In the journal Nature Medicine, it was reported that pre-clinical studies conducted with the company's Ad2
Wall Street's 'fear gauge' is soaring again, as investors spooked by Thursday's market decline rushed to load up on options protection, but analysts said the intensity of the move in volatility does not necessarily point to a market crash.
The dollar's downtrend will continue into next year, driven largely by the U.S. Federal Reserve's shift to a new policy framework, although expectations for a deep fall in a sustained way have waned somewhat from last month, a Reuters poll found.
(RTTNews) - The Singapore stock market on Thursday ended the two-day winning streak in which it had gained almost 10 points or 0.4 percent. The Straits Times Index now rests just above the 2,530-point plateau and it figures to open in the red again on Friday.
Asian stocks were set to open in the red on Friday, after Wall Street's benchmarks posted their biggest one-day declines in nearly three months as new fears about the economy sent investors into bonds and safe-haven currencies.
Shares of alt-protein purveyor Beyond Meat (NASDAQ: BYND) have trounced the market so far this year, yet one analyst believes they still have plenty of upside. On Thursday, Baird analyst Ben Kallo initiated rather glowing coverage on the stock, with an outperform (i.e., buy) rec
(RTTNews) - The Malaysia stock market turned lower again on Thursday, one session after snapping the two-day slide in which it had stumbled almost 35 points or 2.3 percent. The Kuala Lumpur Composite Index now sits just above the 1,515-point plateau and it figures to open under
What happened
DraftKings (NASDAQ: DKNG) was another victim of the stock market's no-hitter on Thursday. Investors seemed to have a particular disdain for companies that have flown high so far this year, and DraftKings -- still up a dizzying 255% year to date even after the day
Novavax (NASDAQ: NVAX) announced last month that its coronavirus vaccine, NVX-CoV2373, induced antibodies in all participants treated in its phase 1 clinical trial. But investors can now take a closer look at the exact levels of antibody production in the peer-reviewed data that
The number of job adverts in Britain rose at a slower pace in late August than earlier in the month, a recruiters body said on Friday, but there were signs that companies were looking for staff to help with a return to their offices.
(RTTNews) - The South Korea stock market has climbed higher in three straight sessions, spiking almost 70 points or 3 percent along the way. The KOSPI now rests just beneath the 2,400-point plateau although investors are likely to cash in on Friday.
Falcon Capital Acquisition, a blank check company formed by Ariliam Group and Eagle Equity Partners targeting a media business, filed on Thursday with the SEC to raise up to $300 million in an initial public offering.
The New York, NY-based company plans to raise $300 million by
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