Markets

The New York Stock Exchange will be delisting three Chinese telecom companies in guidance with United States investment restrictions formulated last year. The three Chinese companies to be affected include: China Telecom Corp. (HKG: 0728), China Mobile Ltd (HKG: 0941) and China Unicom (HKG: 0762). While giving a joint public statement, the three companies said […]

German based luxury fashion house Hugo Boss AG (ETR: BOSS) is optimistic that sales in mainland China will boom despite increasing calls from the west urging western multinationals to boycott China following forced labor accusations in Xinjiang. In the first quarter ending March 31, Hugo Boss recorded double sales in mainland China. The company’s chief […]

United States based leading electric vehicle manufacturer Tesla Inc. (TSLA) is facing intense scrutiny in China concerning the safety of its vehicles and following customer service complaints. Sources directly linked to the matter disclosed that the company is holding talks with regulators in mainland China to try and improve its relation with the China’s authorities. […]

Listed companies have been reporting their results for the first quarter of the year. Social networks have been posting increased results due to increased online activities among users courtesy of the pandemic. However, this seems not to be the case with widely used social network Twitter Inc. (TWTR). The company has reported its first quarter […]

South Korean consumer electronics company Samsung Electronics Co Ltd (KRX: 005930) reclaimed the position of world leading smartphone seller from its United States competitor Apple Inc. (AAPL) after accounting for 22% of global smartphone sales in the first quarter of the year. In the first quarter ending March 31, Samsung shipped 76.5 million smartphones translating […]

Alphabet Inc. (GOOGL) the parent company of leading search engine Google has reported quarterly record profit for the second consecutive quarter. The company attributes this performance to increased online activities and as sales during the pandemic. For the first quarter ending March 31, Google recorded a quarterly profit of $17.9 billion, or $26.29 per share. […]

Italian luxury fashion house Gucci and social network company Facebook Inc. (FB) have jointly filed for a lawsuit against a counterfeiter who according to the filing used Facebook’s platforms to sell counterfeit Gucci products. This development it’s first of its kind whereby, a social media company is joining hands with a good or service selling […]

Brazil based digital bank Nubank is gearing up to get listed on the United States stock markets. This was revealed by sources involved with the matter who said the listing could happen before the year comes to an end. Nubank is the largest financial technology company in Latin America and this could go down as […]