Did hedge funds score on masks and sanitizer? Not so much
What would seem like a sure win for elite investors – early bets on companies racing to make face masks, hand sanitizer and other coronavirus-related...
Luckin scandal ripple effect prompts chairman-backed firm to seek cash: sources
A company linked to China’s scandal-hit Luckin Coffee Inc is seeking fresh capital, sources said, highlighting the ripple effect of Luckin’s fabricated transactions as the...
HSBC sees double-digit wealth asset growth in Asia by 2023
HSBC Holdings PLC expects to achieve double-digit asset growth in its newly combined wealth business in Asia Pacific in the next three years, as it...
Asian stocks adrift as vaccine rally falters
Asian stocks struggled to extend the week’s rally on Wednesday and gold and bonds firmed as a sceptical press report dented some hopes for a...
Senate Democrats call for Trump administration to unveil details of TSMC plant deal
Democratic lawmakers on Tuesday urged the Trump administration to answer “serious questions” about Taiwan Semiconductor Manufacturing Co Ltd’s plans to build a U.S.-based $12 billion...
Fujifilm shares fall after report Avigan not showing clear efficacy in some coronavirus trials
Shares of Fujifilm Holdings Corp fell on Wednesday after Kyodo news agency reported that so far there has been no clear evidence of efficacy for...
Fujifilm shares tumble after report Avigan not showing apparent efficacy in coronavirus treatment
Shares of Fujifilm Holdings Corp tumbled more than 4% in early trade on Wednesday after a report its anti-flu drug Avigan was not showing apparent...
Oil prices ease on dim economic outlook despite signs of firmer demand
Oil prices dipped on Wednesday as concerns over the lasting economic fallout from the coronavirus pandemic outweighed signs of improving demand and production cuts by...
Urban Outfitters predicts 60% fall in same-store sales on slow recovery
Apparel retailer Urban Outfitters Inc on Tuesday projected a 60% decline in same-store sales in the second quarter due to tepid demand recovery from the...
Exclusive: Third Point founder Daniel Loeb takes over as Munib Islam leaves firm
Billionaire investor Daniel Loeb is taking back the reins as sole chief investment officer at his hedge fund Third Point LLC, less than one year...