Jack Ma

Jack Ma’s Ant Group goes for the world’s biggest IPO

ANT GROUP, Alibaba founder Jack Ma’s mobile payment and tech firm, hopes to raise more than $34bn in the world’s biggest IPO. That would break...
Arm processor

Job-loss fears as UK’s Arm Holdings is sold to Nvidia

JAPAN’S Softbank is selling the UK’s Arm Holdings, whose technology powers most smartphones, to American chip company Nvidia. The California-headquartered firm, known for its gaming...
Tik Tok app on phone, grass background

Clock is ticking, and TikTok’s future hangs in the balance

By HEATHER LEAH SMITH TIKTOK must shore-up a deal to offload its US operations before a divest-or-depart deadline set by US President Donald Trump. The name...
Keyboard Reinsurance Magnifying Glass

Active Capital Reinsurance — pioneer emerges from pandemic stronger, and set to move in...

DESPITE the challenges of the coronavirus pandemic, Active Capital Reinsurance (Active RE) has seen continued global expansion and diversification. The company's team has been faced...
Hang Seng Bank

New tech index is launched on Hong Kong stock market

A SHARE INDEX for Chinese technology giants, the Hang Seng Tech, has been launched on Hong Kong's stock market. Companies on the list include internet...
Yuan currency

China ‘set to launch’ trial of e-RMB digital currency

CHINA’S central bank has stepped up development of a digital currency likely to become the first to be operated by a major economy. The sovereign...
Oil tanker at sea, platform in background

Oil price hits negative territory for the first time, Virgin Group ailing, UK firms...

CORONAVIRUS infections are dropping in many countries, but corporate and financial impacts are increasingly being felt. Virgin Australia is going into administration, the US oil...
Queue outside a branch of Yes Bank

Yes Bank founder Kapoor arrested on charges of money laundering

THE head and founder of India's private Yes Bank, Rana Kapoor, has been arrested in Mumbai on charges of money laundering. His arrest comes just...
coronavirus, masks

World Bank commits £9.4bn in aid to help poor countries in virus fight

THE WORLD Bank has committed $12bn (£9.4bn) to help developing countries cope with the spread of coronavirus. The aid package includes technical assistance as well...
Stock Market Charts Coronavirus

Markets catch a cold as virus fears infect stock exchanges

THE Nikkei Index for the Tokyo Stock Exchange has taken a tumble over fears at the spread of coronavirus. The 4.5 percent slump — which...