World Economic Magazine

China Huarong in talks with investors after $16 bln loss

Chinese state-owned asset manager China Huarong Asset Management (2799.HK) sought on Monday to turn the page on a deep annual loss, as…

5 years ago

MapmyIndia targets valuation of up to $817 mln with IPO filing this week – source

MapmyIndia, which powers Apple (AAPL.O) maps in India, will file draft papers for an initial public offering worth 10-12 billion rupees ($136-$163…

5 years ago

Fortescue posts record profit, dividend but cuts management bonuses

Fortescue Metals Group Ltd (FMG.AX) reported its highest ever annual profit and dividend on Monday due to sky-high iron ore prices but…

5 years ago

China tightens scrutiny on $9.3 trillion fund industry

China's top securities regulator pledged on Monday to crack down on mismanaged private funds and weed out fake ones, as…

5 years ago

Japan’s retail sales extend gains but COVID-19 challenges persist

Japan's retail sales rose for a fifth straight month in July, beating expectations as the consumer sector continued its recovery,…

5 years ago

Oil steadies as Hurricane Ida weakens, OPEC+ in focus

Oil steadied on Monday, giving up most of an earlier rally to a four-week high, as Hurricane Ida weakened after…

5 years ago

Analysis: Powell’s wait-and-see speech reassures some investors

U.S. Fed Chair Jerome Powell's wait-and-see approach in a much-anticipated address on Friday gave investors and market participants some reassurance…

5 years ago

Marketmind: Just a little bit longer

A consensual takeaway from Federal Reserve Chairman Jerome Powell's remarks at the Jackson Hole Symposium is that investors will be…

5 years ago

China’s Sinopec posts $6 bln H1 profit on rebounding oil prices, better demand

China Petroleum & Chemical Corp (600028.SS) on Sunday reported a 39.15 billion yuan ($6.05 billion) net profit for the first six months…

5 years ago

Australian economy likely already slowing in Q2 before Delta downturn

Australia's economy was likely already slowing before wide-scale coronavirus restrictions shuttered swathes of business and jobs, setting the stage for…

5 years ago