Latest: Asia Stock Market News
Decision is a blow for the British government, which hoped to lure the chip designer home, but not unexpected, as SoftBank always favoured a US listing and needs to replenish its coffers
Foxconn chief met Indian Prime Minister Narendra Modi this week 'to build an ecosystem allowing all stakeholders to share, collaborate and thrive'
Investor mood shifted from the downbeat to the positive on Friday on signals the US Fed was ready to rein back its aggressive interest rates programme
Adani Enterprise stock was up 16% on Friday, while other group firms rose by 5-10% near the close of trading, as concern eased about Indian conglomerate's ability to attract funds
Supreme Court asks market regulator to investigate any lapses in securities law or regulatory failings by Adani Group; orders the formation of an investor-protection panel
Binance has earlier faced challenges in Singapore, where several crypto exchanges have received central bank approval to offer payment services
Many investors were reluctant to take risks on Thursday as the likelihood of an extended inflation fight in the US dampened the mood on trading floors
Some economists say ambitious annual growth targets in China are counter-productive and have contributed significantly to the country's overall debt of almost 300% of economic output
The Central Financial Work Commission, which would be directly under central party leadership, would take on a direction-setting role for the economy
The development comes as the embattled conglomerate seeks to ease investor concerns about its credit profile; Adani Enterprise shares have surged 30% over the past two days
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AF Market Insights
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China-US Economic TiesChina Stocks Delisting From US: Everything You Need to Know -
Market InsightsChina Stock Market Guide: Everything You Need To Know
AF China Bond
China Stock Markets
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SemiconductorsTaiwan to Fine Foxconn After Unauthorised Chinese Investment -
Market InsightsChina’s Covid Infections Rise Further as Outlook Darkens
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Markets: The Big Picture
With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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Oil & GasIndia Is Likely Exporting Refined Russian Oil to the WestIndia’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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MarketsApple Asks Suppliers in Taiwan to Meet China Label StandardsUS tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
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MarketsIndian-Owned Tech Firms See Sharp Growth in UKDespite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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