Alibaba’s shares tumble by 9.6 percent post Ant Group’s IPO suspension
The Chinese state media warned about potential financial instability due to Ant Group’s rapid upward surge which might have acted as a precursor for this shocking move.
Latest Articles by Shalmali Bhagwat
US Election 2020: Biden and Trump conclude campaigning as voters cast their vote
The Wall Street stocks reflected a tense atmosphere with a rising graph as voters rushed to the polling centres. The broad-based S&P 500 gained 1.0 percent to 3,342.33, while the tech-rich Nasdaq Composite Index climbed 0.7 percent to 11,035.54.
Adani Gas & France’s Total Gas to raise $400 million via sale of bonds to foreign investors
Adani Total Gas, the joint venture between Adani Gas Ltd. and a French company, Total Gas Ltd will raise $400 million through the sale of bonds to foreign investors to meet the capital expenditure.
Ant Group’s founder and executives summoned ahead of IPO
The company has come under surveillance and tighter regulation following its massive upward growth in the financial sector, and widening of the range of financial technology services it offers.
IMF Chief Economist Gita Gopinath calls for more fiscal push
Gita Gopinath, Chief Economist of the International Monetary Fund (IMF) has urged policymakers around the world to provide fiscal stimulus to boost a relatively faster recovery from the ghastly repercussions inflicted by the pandemic, as the world economy stares at a liquidity trap.
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