The largest of the suppliers of apple Inc - Taiwan's Foxconn, is known to be pushing to further diversify in income streams and is now planning to build an electric vehicle making unit in eth United States. The Taiwanese company said on Friday that it was currently in negotiations with the US state...

A team is to be set up by Chinese securities regulator that will review plans of Chinese companies of launching initial public offerings (IPOs) on foreign exchanges, according to reports quoting information from sources with knowledge of the matter. The purview of the review team will include those...

In the second quarter of this year there were 136 new unicorn startups - more than in the whole of last year. More than half of the capital they raised in the six months was in investments of more than $100 million. In the second quarter of this year, there were 136 more startups with valuations...

The stringent anti monopoly steps that have been taken by Chinese regulators against the Chinese e-commerce giant Alibaba's financial technology affiliate Ant Group will also be taken against other domestically grown payment service companies, said China's central bank on Thursday.   Back in...

China has vowed to step up oversight of companies that list their securities in other countries. Earlier, the Chinese regulator demanded the removal of Didi, a service that had recently raised more than $4bn in an IPO in New York, from app stores. Chinese authorities will step up oversight of...

The second quarter of the current year saw record volume of transactions in the market for non-fungible tokens (NFTs) as sales so far this year reached $2.5 billion compared to only $13.7 million in the first half of last year, showed data from the marketplace.   An NFT is a form of a crypto...

A third bidder, Apollo Global Management, entered the fray for the $8.7 billion bid battle for the fourth largest supermarket group of the United Kingdom, Morrisons, flaring up the fight even more.   The United States based company was in the preliminary stages of evaluating a possible offer...

Last week was the most active week for initial public offerings on US exchanges since 2004. 14 firms earned at least $100m each and Wall Street banks earned $650m on their IPOs. The past week was the busiest for the US stock market in terms of the number of companies going public since 2004, writes...

Electric car maker Tesla was able to double its sales in spring 2021 compared to the same period a year earlier and sidestep one of the world economy's biggest problems, The New York Times reports. A global chip shortage that has hit carmakers around the world hard has not prevented Tesla from...