Business

Shein to pay up to $3.5 billion to select pre-IPO investors around Hong Kong listing

Monday, August 24 by SRN News

By Yantoultra Ngui and Selena Li HONG KONG, Aug 24 (Reuters) - Online fast-fashion retailer Shein will pay up to $3.5 billion to selected existing investors - almost twice the fresh capital it is seeking in an IPO - to help compensate them for... Read More.

Snoring, subways and stealth ads: how big pharma targets China’s waistline

Monday, August 24 by SRN News

By Andrew Silver SHANGHAI, Aug 24 (Reuters) - Weight-loss drugmakers, vying to tighten the belts of Chinese consumers, are promoting obesity awareness in metro stations, exercise studios and soccer stadiums as local restrictions prevent the direct advertising of prescription medicines in the world's second-largest drug... Read More.

Morning Bid: Mixing economic wars, trade wars and actual wars

Monday, August 24 by SRN News

Aug 24 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. It's been a nervy start to the week for markets in Asia with the main move being a 1.5% drop in oil prices as investors await details... Read More.

Workers in China worry over being replaced as they adapt to the growing impact of AI on jobs

Monday, August 24 by SRN News

HONG KONG (AP) - Computer programmer Fei Zhaojun's boss asked him if artificial intelligence could soon replace humans in coding jobs. Two weeks later, he was laid off from his job in Beijing, together with about 160 of his colleagues. It's an increasingly common scenario... Read More.

Asian shares mostly decline as bond market pressure mounts

Monday, August 24 by SRN News

BANGKOK (AP) - Asian shares were mostly lower and oil prices slipped on Monday at the outset of a week capped by a meeting of top U.S. economic officials at Jackson Hole. U.S. futures edged lower. In Tokyo, the Nikkei 225 fell 0.5% to... Read More.

The Media Line: UAE Joins Islamic Nations Backing Sanctions Over Israel’s E1 Plan

Sunday, August 23 by SRN News

UAE Joins Islamic Nations Backing Sanctions Over Israel's E1 Plan By The Media Line Staff The United Arab Emirates joined seven Arab and Islamic countries on in backing potential international sanctions against individuals and entities involved in Israel's E1... Read More.

Fast fashion giant Shein valued at up to $27 billion in Hong Kong IPO

Sunday, August 23 by SRN News

HONG KONG, Aug 24 (Reuters) - Online fast-fashion retailer Shein's valuation has crumpled by about 70% from a private market peak near $100 billion four years ago, as it looks to raise up to HK$13.86 billion ($1.77 billion) in a Hong Kong IPO launched... Read More.

KPMG Australia plans to cut 5% of jobs, warns soft conditions to persist

Sunday, August 23 by SRN News

SYDNEY, Aug 24 (Reuters) - KPMG Australia said on Monday it plans to cut about 5% of its workforce, mainly in its consulting and business services divisions, affecting 27 partners and around 360 employees, and warned difficult market conditions would continue next year. The accounting... Read More.

Shares flat in Asia before Iran sanctions news, Nvidia results

Sunday, August 23 by SRN News

By Wayne Cole SYDNEY, Aug 24 (Reuters) - Share markets were flat in Asia on Monday and oil prices eased as investors awaited details of threatened U.S. sanctions on Iran due later in the session, while the Canadian dollar dipped as a trade war loomed... Read More.

Dollar trading near multi-month lows, restrained by debt nerves

Sunday, August 23 by SRN News

By Tom Westbrook SINGAPORE, Aug 24 (Reuters) - A wavering dollar teetered near multi-month lows on Monday in a market unsettled by the U.S. Treasury's promise to buy back more long bonds, while traders awaited details of sanctions on Iran and on policy speeches this... Read More.

Current Weather

Shein to pay up to $3.5 billion to select pre-IPO investors around Hong Kong listing

Snoring, subways and stealth ads: how big pharma targets China’s waistline

Morning Bid: Mixing economic wars, trade wars and actual wars

Workers in China worry over being replaced as they adapt to the growing impact of AI on jobs

Asian shares mostly decline as bond market pressure mounts

The Media Line: UAE Joins Islamic Nations Backing Sanctions Over Israel’s E1 Plan

Fast fashion giant Shein valued at up to $27 billion in Hong Kong IPO

KPMG Australia plans to cut 5% of jobs, warns soft conditions to persist

Shares flat in Asia before Iran sanctions news, Nvidia results

Dollar trading near multi-month lows, restrained by debt nerves

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