Hong Kong’s IPO market is still in a slump despite an expected rebound
Hong Kong’s initial public listing market remains in a slump, even as analysts expect the market to recover in the second half of the year.
Financial News
Berkshire Hathaway posts a 40% jump in operating earnings, cash pile swells to a record $157 billion
Berkshire Hathaway on Saturday reported a big jump in third-quarter operating earnings, while sitting on a record amount of cash that surpassed $157 billion.
Chinese Tesla rival Nio cuts 10% of workforce as CEO predicts ‘intense competition’
China’s Nio has been hit by weak consumer sentiment in the world’s second-largest economy, stiff competition and a price war started by Elon Musk’s Tesla.Â
‘It’s going to be bloody’: Why Israel’s long war ahead will be nothing like what it’s faced before
Prolonged urban combat will bring a slew of deadly challenges for the IDF – and likely some key advantages for Hamas, military analysts say.
Shell posts $6.2 billion third-quarter profit, announces $3.5 billion share buyback
The oil giant announced a $3.5 billion share buyback to be carried out over the next three months.
Here’s everything to expect from the Fed’s policy announcement Wednesday
The Fed meeting will conclude with the central bank not doing a whole lot of anything — just the way the market wants things for now.
Oil major BP misses estimates for third quarter as profits plummet
This quarter, former CEO Bob Dudley left the oil major over failure to disclose relationships with colleagues this quarter.
Evergrande shares fall 20% to all-time low as court adjourns winding-up hearing
Evergrande shares hit an all-time low of 18.8 Hong Kong cents as a judge warned that it could be wound up if the firm does not present a restructuring plan.
The Israel-Hamas war is affecting the financial outlooks of these large companies
The conflict is shaking up everything from advertising to supply chains.
Saudi Arabia is serious about its Jan. 1 deadline for companies to move regional headquarters to Riyadh — or lose out on government contracts
It’s holding on to its ultimatum that foreign firms need to base their regional headquarters in the kingdom or be barred from lucrative government contracts.