The fate of mostly Chinese companies represented on the Hang Seng Index in Hong Kong is far worse.Their average price-to-book value stood at 0.85 times on Wednesday, near the record-low of 0.82 times reported in October 2022. The measure peaked at 1.56 times in April...
Huawei Technologies has unveiled the latest version of its home-grown mobile operating system HarmonyOS for developers, as the US-sanctioned telecommunications equipment giant takes on Google’s Android and Apple’s iOS in the Chinese market.The developer preview version of HarmonyOS Next was made available to coders on...
“According to past experience, it usually takes some time for the market to digest and react to new policies,” said Alva To, Cushman’s vice-president and head of consulting for Greater China.“Therefore, although the residential transaction volume will not likely rebound significantly in the short term,...
Yet, since the start of this year, doubts have crept in about the Fed’s ability and willingness to loosen policy significantly. The uncertainty stems from deeper concerns about a costly policy mistake, either due to a premature easing of policy or a belated one. In...
India's position on the global value chain is shifting due to government incentives and a digitally savvy economyGetty PremiumsDAVOS, Switzerland — Along the Davos Promenade, attendees of the World Economic Forum stumble across the WeLead Lounge, a repurposed storefront showcasing India's female leadership and talent....
Uniqlo Co. has sued rival retailer Shein over a small shoulder bag the Japanese retailer said was an inferior and unlawful copy of its hit product touted as the "Mary Poppins bag."The lawsuit demanded Shein stop selling its product that Uniqlo said looks too much like...
Republican presidential candidate and former U.S. President Donald Trump gestures as he takes the stage at his caucus night watch party in Des Moines, Iowa, U.S., January 15, 2024. Evelyn Hockstein | ReutersDAVOS, Switzerland — Global business leaders may be in the snowy hills of Switzerland,...
Republican presidential candidate and former U.S. President Donald Trump gestures during a campaign rally ahead of the New Hampshire primary election, in Atkinson, New Hampshire, U.S. January 16, 2024. Elizabeth Frantz | ReutersDavos, SWITZERLAND — Liberal pushback against a likely highly divisive U.S. election will play...
An Edmonton man who admitted to breaching Alberta securities laws by illegally distributing securities to investors and acting as an unregistered dealer has been ordered to pay a $40,000 penalty and stop trading and buying securities or derivatives.In a hearing decision posted to its website...
Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023.Dustin Chambers | Bloomberg | Getty ImagesDAVOS, Switzerland — Sam Altman said he was 'surprised' by the New York Times' lawsuit against his company OpenAI, saying its artificial...