1.Alibaba:The woes of China’s biggest e-commerce company began in late 2020 when China abruptly suspended the record $37 billion stock market debut of its financial affiliate Ant Group and later fined Alibaba $2.75 billion for abusing its market dominance. The company’s U.S.-listed shares have shed more than $400 billion...
1.SIEMENS: – Siemens has completed its reorganisation, Chief Executive Roland Busch has told Manager Magazin, with the recently appointed executive favouring smaller acquisitions to expand the German engineering and technology company. “We have already completed our spin-offs,” said Busch, who took over as CEO from longstanding boss Joe Kaeser...
1.CARLSBERG: -Carlsberg stock was trading 3% higher in Copenhagen as strong beer sales in the first half as well as those of its non-alcoholic beverages drove it to raise its forecast for the year. Most of the segments topped the 2019 consumption levels as reopening of economies in Europe...
1.TESLA: -Tesla Inc is hiring managers for legal and external relations teams in China, according to a job post on its Wechat account, as the electric-car maker faces public scrutiny in the country over safety and customer service complaints. U.S.-based Tesla, which is making electric Model 3 sedans and...
1.BOEING: -Boeing Co’s Starliner space capsule launch could be delayed by several months as it will likely need to be removed from atop a rocket for repairs, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Earlier this month, Boeing scrubbed the launch of its...
1.APPLE : Taiwan’s Foxconn reported a better-than expected quarterly profit on Thursday due to strong demand for technology products from clients, such as Apple Inc , as people continued to telecommute amid the COVID-19 pandemic. The world’s largest contract electronics maker reported April-June net profit of T$29.779 billion ($1.07...
1.FACEBOOK : U.S. lawmakers pressed Facebook Inc on Monday on why it disabled the accounts of researchers studying political ads on the social media platform, saying it was “imperative” that experts be allowed to look into “harmful activity … proliferating on its platforms.” Facebook said on Tuesday it had...
1.NESTLE : Food giant Nestle raised its full-year organic growth guidance to 5-6% after strong demand for coffee lifted organic sales by a better-than-expected 8.1% in the first half of the year. Food groups are grappling with surging commodity costs that are hitting margins, but Nestle, with well-known brands...
1.AMAZON : Amazon.com Inc’s India arm is in talks with several domestic players in film and media distribution including cinema chain Inox Leisure Ltd for a potential stake, the Indian Express newspaper reported on Tuesday, citing sources. Inox, however, said the report was “factually incorrect” and there were no...
1.TENCENT : China’s market regulator on Saturday said it would bar Tencent Holdings Ltd from exclusive music copyright agreements and fined the company for unfair market practices in the online music market after its acquisition of China Music Corporation. The Chinese government has been stepping up antitrust actions in...