Asian markets were mixed Wednesday as traders tried to gauge the economic outlook after Donald Trump picked a tough-negotiating hawk as his trade envoy the day after saying he would hit China, Canada and Mexico with hefty tariffs.The stuttering performance followed a broadly negative day on Tuesday and came despite another record-breaking lead from Wall …
Asian markets mixed as traders eye fresh trade tensions Read More »
India’s Adani Group conglomerate said Wednesday it had lost almost $55 billion in a stock market rout since US prosecutors last week accused its founder and other officials of fraud.The November 20 bombshell indictment in New York accused billionaire industrialist founder Gautam Adani and multiple subordinates of deliberately misleading international investors as part of a …
Adani Group says it lost nearly $55 bn as US charges sparked rout Read More »
Vietnamese electric vehicle manufacturer VinFast reported a net loss of $550 million for the third quarter, less than the same period last year as the firm recorded an uptick in sales.The communist state’s first homegrown car manufacturer is aiming to compete with global EV giants such as Tesla.VinFast shares have fluctuated wildly since debuting on …
Vietnamese EV maker Vinfast reports $550 million Q3 loss Read More »
Shares in the Japanese entertainment giant behind the popular Hello Kitty brand plunged on Wednesday after major shareholders said they would reduce their stakes.A statement issued Tuesday by Sanrio said shareholders including major bank Mitsubishi UFJ will let go of as many as 25.9 million shares, sold at a price to be determined later. The move …
