SoftBank-backed OneConnect seeks to boost business outside Southeast Asia
The firm’s share prices surged 115 percent...
China
Major Chinese banks incur Q1 losses amid Covid-19 pandemic
Banks recorded a 9.4 percent dip in their Q1 net profit...
ADNOC sees strong return of oil demand amid Covid-19 pandemic
ADNOC is the major producer of oil in the UAE...
Ant to launch consumer finance firm in China’s Chongqing
The company will team up with TransInfo Technology and Nanyang Commercial Bank...
Chinese stock market receives $251.8 bn capital from mutual fund investors
Investors have sold about 1.75 trillion shares in 862 newly launched mutual...
China establishes oil deal with ADNOC
The deal is expected to be approved by Abu Dhabi’s Supreme Petroleum...
UK to enter recession after GDP slumps by 21%
The first quarter saw a decline in the economy by 2.2 %...
Alibaba Health plans to secure $1.06 billion through share sale
The company is offering 400 million new shares for the deal...
Indonesia eyes thermal coal exports amid Covid-19 pandemic
Indonesia’s thermal coal exports declined by 8 percent in the first five...
JD.com invests $100 mn for stake acquisition in Li & Fung
Both companies will work on a global supply chain initiative known as...