Markets

Chinese online food delivery-to-ticketing services firm Meituan Dianping raised US$4.2 billion in the world’s biggest internet-focused IPO in four years as it priced the float near the top of an indicative range, Reuters reports, citing people...

Two Wall Street regulators announced a series of actions, including levying fines, against companies involved with cryptocurrencies, Reuters reports. Cryptocurrencies, like the well-known bitcoin, are virtual tokens that can be used as forms of payments on...

The global financial tsunami that started with the collapse of Lehman Brothers happened exactly 10 years ago this week. Of course, Hong Kong was no stranger to financial crises, like the one that afflicted the Asian...

New York state has approved Gemini Trust Company’s and Paxos Trust Company’s dollar-linked digital currencies, the first stablecoins to get the nod from the region’s regulator, Reuters reports. “These approvals demonstrate that companies can create change...

Shares of Apple Inc. suppliers fell across Asia on Monday after US President Donald Trump tweeted that the tech giant should make products in the United States if it wanted to avoid tariffs on Chinese imports,...

The US Securities and Exchange Commission has suspended trading in two investment products that track cryptocurrencies, citing confusion in the markets over whether the products are exchange-traded funds (ETFs), Reuters reports. Trading has been halted in...

Berkshire Hathaway Inc. chairman Warren Buffett said the conglomerate bought back its own stock for the first time since 2012 and added to its already huge stake in Apple Inc., Reuters reports. Buffett also said investors...

Luxury carmaker Aston Martin plans to float on the London Stock Exchange, completing a turnaround for the once perennially loss-making company that could now be valued at up to 5 billion pounds (US$6.4 billion), Reuters reports....

Chinese electric vehicle start-up Nio Inc., backed by Chinese tech heavyweight Tencent Holdings Ltd. (00700.HK), said it expects to raise up to US$1.32 billion in its US initial public offering. Nio expects its offering of 160...

A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street’s nearly decade-long rally may be low on...

Prominent hedge fund managers appeared to have made bets that the US economy will continue to expand despite increasing concerns about a broadening trade dispute between the United States and China, Reuters reports. Hedge funds took...

Short sellers betting against Tesla Inc. trimmed their exposure to the electric car maker’s stock after chief executive Elon Musk gave new information about his proposal to take the company private, Reuters reports. Data showed traders...

Tesla Inc. and its chief executive Elon Musk were sued by investors for allegedly fraudulently engineering a scheme to squeeze short-sellers, including through Musk’s proposal to take the electric car company private, Reuters reports. The lawsuits...

Tesla stock short-sellers are estimated to have suffered US$1.7 billion in paper losses on Thursday as shares of the electric-car maker soared more than 16 percent after the firm’s quarterly report, Reuters reports.  Tesla shares posted...

Bitcoin briefly fell below US$8,000 on Monday as investors scaled back their exposure to cryptocurrenices, after a sell-off in shares of technology and internet companies spilled over into other risky assets, Reuters reports. The technology index tumbled...

Chinese online group discounter Pinduoduo Inc. priced its US initial public offering (IPO) at US$19 per American depositary share (ADS), raising US$1.63 billion in the second-biggest US float by a Chinese firm this year, Reuters reports,...

Everything that could go wrong went wrong for Xiaomi Corp. as it heads toward its trading debut on Monday. The high-profile listing billed as the largest technology offering since 2014 is expected to open 10 percent...

Dell Technologies Inc. said it will pay US$21.7 billion in cash and stock to buy back shares tied to its interest in software company VMware Inc., returning the computer maker to the stock market without an...

“World-class products at half the price” is one of the best-known slogans of Xiaomi Corp., which is offering its shares to investors in Hong Kong this week. The Chinese smartphone maker’s founder and chairman, Lei Jun, said...

Financial journos, especially those covering the technology beat, will have to postpone plans for a well-deserved beauty sleep this weekend if they don’t want to miss an important event in the sector.  Smartphone maker Xiaomi Inc....