Markets

SEC Approves Nasdaq Proposal Allowing Companies Raise Capital via Direct Listing

The United States Securities and Exchange Commission (SEC) has approved a proposal by American stock exchange operator Nasdaq to allow companies raise capital through direct listing rather than going through the traditional initial public offering (IPO). In its filing on the matter, SEC argues that the proposal put forward by Nasdaq is consistent with the […]

Apple Generated Commissions of Over $100M From Fortnite Online Game

IPhone manufacture Apple Inc. (AAPL) received commissions of over $100 million from Epic Games‘ online video game ‘Fortnite’. The game was only available on App Store for two years. This information was revealed by Apple’s head of game business development for the App Store, Michael Schmid during an antitrust trial in federal court in Oakland, […]

German Antitrust Watchdog Initiates Probe Against Amazon

The Antitrust Regulator in German, The Federal Cartel Office, has initiated an investigation against United States based technology and e-commerce company Amazon Inc. (AMZN) to establish if the company is exploiting its market dominance status in the country. “In a first step, we are looking at whether Amazon is of outstanding, cross-market importance for competition,” […]

Google Fined $123 Million by Italy For Abusing Its Dominance

Alphabet Inc. (GOOGL) owned search engine Google has been slapped with a $123 million fine by Italy’s competition watchdog for abusing its dominance in Android mobile Operating System and its app store Google Play. The antitrust regulator says that almost 75% of Italy’s smartphone users use Android Operating System together with its inbuilt app store […]

Xiaomi Removed From the List of U.S Blacklisted Companies

China based technology company and smartphone manufacturer Xiaomi Corp. (HKG: 1810) has been removed from the list of companies blacklisted by the government of United States. This announcement was made by U.S Department of Defense which said that going forward United States will be using litigation measures to solve any issues with the Beijing based […]

Tesla Puts On Hold Shanghai Land Buy Due to U.S-China Tensions

Leading electric car manufacturer Tesla Inc. (TSLA) has put on hold its plan of buying land in Shanghai due to uncertainty between China and United States following extended trade war between the world’s two largest economies. Sources involved in the matter revealed that Tesla is intending to scale down production in China. Previously, the company […]

NYSE to Delist Three Chinese Telecom Companies

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 […]

Hugo Boss Optimistic of Sales Boom in China Despite Western Boycott Calls

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 […]

Tesla Facing Intense Scrutiny in China Over Safety

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. […]