China Telco Shares Lose 5% on NYSE Delisting News
Shares of China's three biggest telecoms fell as much as 5% on the first trading session in Hong Kong on Monday, according to Reuters. The fall reflects the New York…
Tesla’s Projected Growth Intact Despite Narrowly Missing its 500,000-vehicles Target
Tesla is poised for global expansion despite hitting annual vehicle deliveries of 499,550 in 2020, slightly lower of 500,000 goal, according to Bloomberg. The company delivered a record 180,570 for…
Hong Kong Cautious in Sending Tycoon Jimmy Lai Back to Jail over Security Breaches
Hong Kong’s highest court sent tycoon Jimmy Lai back to jail, a ruling which avoids showdown with Beijing over security law for now, according to Bloomberg. Lai is fighting national…
Britain Faces an Acid Test on Leaving the EU, Firms Remain Cautious
U.K. businesses relying on 1.2 billion pounds ($1.6 billion) worth of goods crossing the border were taking no chances ahead of exit from the European Union on Thursday, reports Bloomberg.…
Wuhan COVID-19 Cases May Have Been 10 Times Higher, Survey Reveals
China’s public health authorities say the tally of COVID-19 cases in Wuhan early this year may have been almost 10 times than recorded, reports Bloomberg. About 4.4% of 34,000 tested…
Will it be Climate Action Year? Here are the Top Climate Action Picks for 2021 and Beyond
Dozens of U.S. companies met their climate goals this year amidst the threats of global warming, reports Bloomberg. Now, the world is gearing up for 2021 as a more optimistic…
Chaotic Year Prompts Investors to Rethink Role of Bonds, Tech, and ESG
Investors doubt whether developed-market government bonds can continue providing both protection and diversification after a turbulent year, according to Bloomberg. Fears are imminent as investors face lower-for-longer rates despite growth…
Here is Why China’s Huge Wealth-Gap Problem Could Get Worse
1% of China’s top earners hold a greater share of wealth than the bottom 50% revealing huge wealth gaps, according to Bloomberg. Analysts believe that the pandemic has worsened the…
Trump Vetoes $740 Billion Defense Bill, Breaks with Republican-led Senate
President Donald Trump on Wednesday vetoed a colossal defense bill that authorizes a topline of $740 billion in spending and outlines Pentagon policy, according to CNBC. Trump said the Act…
What Could Rattle Markets in 2021: Here are the Top Investors’ Concerns by FXAudit
Investors rank potential complications with the mass vaccination efforts as the top concern for global financial markets next year. Capital market point to the likelihood of the virus mutating, possible…
Google is Partnering with Aramco to Access Saudi Arabia’s $10 Billion Cloud Market
Google is set for a joint venture with Saudi Arabia’s oil giant Saudi Aramco to open a “cloud region” , CNBC reports. The collaboration taps into the rapidly expanding cloud…
Sales of New Residential Houses Plummets by 11% in November
U.S. sales of new single-family houses in November came at an adjusted annual rate of 841,000, according to the Census Bureau press release. The sales were down 11% from October…
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