Will Smith

Investors are concerned that the Omicron form would prove more resistant to vaccines, causing more broad global economic damage. Asian stock markets fell significantly in late trade, giving up earlier gains. On Monday, the region’s market followed Wall Street’s strong lead, which reacted favorably to news from US President Joe Biden that future lockdowns as …

Asia’s Stock Markets Are Falling As Moderna’s CEO Issues A Warning About Omicron Read More »

Macau casino stock dropped on Monday, bounced by the detentions of 11 people over claimed cross-border betting and financial fraud connections, with the creator of the gaming hub’s largest junket provider suspected to be among those held in custody. MGM China (2282.HK) dropped 11%, Wynn Macau (1128.HK) dropped 9%, and Sands China (1928.HK) dropped 6% …

Shares Of Macau Casino Dropped As A Result Of The Arrests Read More »

Due to data security fears, Chinese authorities have inquired top leaders at Didi Global Inc (DIDI.N) to come up with a plan to de-list from the New York Stock Exchange. According to folks familiar with the issue, Chinese authorities have asked Didi Global Inc.’s leading executives to come up with a plan to disband from …

China Demands That Didi Be Removed From The US Exchanges Due To Security Concerns Read More »

Barclays (LON:BARC) raised its oil price forecasts for 2022 on Tuesday, noting a faster-than-expected inventory decline and a conservative supply reaction as justifications. The bank boosted its Brent and West Texas Intermediate (WTI) average price forecasts for 2022 by $3 to $80 and 77 per barrel, respectively. Brent Crude prices are expected to average $80 …

The Price Of Brent Oil Is Expected To Reach $80 In 2022, According To Barclays Read More »

On Wednesday, Toshiba Corp’s second-largest shareholder opposed the Japanese company’s decision to break itself into three businesses, instead urging it to seek offers from potential purchasers. In a three-page letter to Toshiba’s board, investment fund 3D Investment Partners, which controls more than 7% of the business, laid out its reservations, becoming the first large shareholder …

Toshiba Stockholder Opposes The Split And Wants The Board To Consider Proposals Read More »