Chinese share market regulators brought an abrupt stop to Ant group’s stock market debut, which would have been the largest ever in the world, which stunned the small retail and mom-and-pop investors who made investments in the company worth a record $3 trillion in which is equivalent to the annual...

The net profit of the world's largest oil company by production and reserves, Saudi Aramco, in the third quarter of 2020 amounted to $ 11.789 billion against $ 21.29 billion a year earlier, the company said. Thus, the decrease was 1.8 times. For nine months, profits fell by half - to $ 35 billion....

Investment firm Stonepeak Infrastructure Partners announced purchase of the American cable operator Astound Broadband. The transaction is valued at $8.1 billion, including the operator's debt. The deal will be the largest transaction on the market in the last five months and the largest purchase...

An order by Singapore’s trade arbitrator given in relation to a dispute between Amazon.com and India's Future Retail Ltd (FRL) given against the later, is not enforceable under Indian law and therefore is not binding on the company, the Future Group said on Sunday.   A deal with Reliance...

Huawei wants to start producing its own microchips so that it is no longer dependent on American technology, reports The Financial Times this with reference to its own sources. The Chinese manufacturer under US sanctions wants to start producing microchips in Shanghai. The plant is expected to be...

Wall Street analysts warn of turbulence in financial markets ahead of the US presidential election. However, they are not sure whether this threat will persist after the election, writes CNBS. "Time will tell if the expected volatility will turn into actual market volatility," Charlie Ripley,...

Under Armour beats analysts' expectation through increased sale for masks and sports items. As per Under Armour Inc’s forecast, its “annual revenue” has surpassed Wall Street expectation as the pandemic increased the demand for “running shoes and face masks” with the rowing trend for outdoor...

Recovered oil prices and cost reduction have resulted in surprise Q3 profits. Chevron Corp came out with a surprise Q3 profit with oil prices recovering from “spring lows” while cutting down on the spending budget helped in “operating results”.   Given the drop in demand as well as crude...

The protests against racial injustice that took place earlier in the year has pushed several corporate giants to take a pledge for the cause. American Express Co has informed about its investment of “$1 billion” to promote gender as well as racial equality, whereby joining other U.S. companies to...