Business

Sell the day and go away? U.S. stock returns come overnight

Mornings have been lacking in joy this month for investors seeking returns in U.S. stocks. So far in September, regular-hours trading has featured consistent selling, according to data from Bespoke Investment Group. On average, losses on the benchmark S&P 500 index have been steepest between 10 a.m. and 11 a.m. Eastern (1400-1500 GMT), and every […]

Business

China Evergrande shares jump on debt reduction progress

China Evergrande Group 3333.HK said its debt-cutting measures were working and the Hong Kong bourse had approved its spinoff plan, sending the property developer’s shares up as much as 14% after a selloff last week. Investors dumped China Evergrande’s shares and bonds on Friday after a leaked document – later dismissed by the company as […]

Business

Chinese investors flock to newly-launched funds targeting Ant IPO

Chinese investors are pouring into newly-launched mutual funds targeting Ant Group’s upcoming initial public offering, underscoring strong demand for technology shares at a time when Chinese tech firms are facing increasing U.S. scrutiny. Alibaba Group’s fintech arm Ant Group aims to raise about $35 billion in a dual listing in Hong Kong and Shanghai’s STAR […]

Business

SoftBank brings food service robot to labour-strapped Japan

SoftBank’s robotics arm said on Monday it will bring a food service robot developed by California-based Bear Robotics to Japan as restaurants grapple with labour shortages and a new socially distanced norm as a result of the novel coronavirus. The robot named Servi will act as a sort of waiter, using its layers of trays […]

Business

Volkswagen, Chinese ventures to invest 15 billion euros in electric vehicles

Volkswagen AG VOWG_p.DE said on Monday it and three local joint ventures plan to invest around 15 billion euros ($17.44 billion) in electric mobility in China, the world’s biggest car market, between 2020 and 2024. With the investment by Volkswagen and its three joint ventures with FAW Group [SASACJ.UL], SAIC Motor 600104.SS and JAC 600418.SS, […]

Business

Biden basket vs Trump trade: Picking a presidential stock portfolio

The Nov. 3 presidential election between President Donald Trump and former Vice President Joe Biden could have dramatic effects across markets, and investors are already trying to identify potential winners and losers. Broadly speaking, analysts say Biden’s plan to raise corporate taxes could pressure company earnings. But they expect him to support infrastructure projects and […]

Business

Judge to rule whether Uber deserves new London licence

A judge is set to tell Uber UBER.N on Monday whether it has won back its London operating licence after it was removed over safety concerns, the latest stage of a long-running battle with the regulator in one of its most important markets. Transport for London (TfL) refused in 2019 to grant the Silicon Valley-based […]