Famous American e-commerce corporation eBay made the decision to sell its classified ads business to Norwegian group Adevinta. Importantly, Adevinta will pay $9.2 billion for eBay’s classified ads business, creating the world’s largest classified ads group. It is worth mentioning that eBay will receive $2.5 billion in cash as well as 540 million shares of …
E-Commerce Corporation eBay and its Classified Ads Business Read More »
Tensions between the U.S. and China continue to affect stocks. This is worrying, as tensions between the two largest economies in the world represent a serious issue. Investors are closely monitoring the situation to learn more about the severity of the problem. On Friday, not only mainland Chinese stocks but stocks the whole Asia Pacific …
Mainland Chinese Stocks Fell Due to Ongoing Situation Read More »
Recently, the Bank of Korea released advanced estimates regarding the country’s gross domestic product (GDP). Interestingly, stocks were mixed on July 23. Based on this data, growth declined by 3.3% in the second quarter of 2020. Consequently, compared to the first quarter, this number increased from 2.9% to 3.3%. Importantly, exports fell by 16.6% due …
It was an interesting day, as stocks in the Asia Pacific were mixed on Thursday. South Korea’s Kospi index dropped 0.56% to 2,216.19 as shares of firms such as Samsung, LG, Hyundai Steel as well as SK Hynix sold off. Hopefully, automakers strengthened their positions. Shares of Hyundai Motor rose 5.06% while shares of Kia …
One of the world’s largest airlines released information about their second quarter. Quite unfortunately for them, during that second quarter, United Airlines lost $1.63 billion. As a reminder, last year, in the second quarter, the Chicago-based carrier generated profit. Unfortunately, its revenue dropped to $1.48 billion in the second quarter, this would the quarter ending …
United Airlines, Second-Quarter Results, and Plans Read More »
It is not a secret that due to the coronavirus pandemic, airlines all over the world suffered serious losses, and the world’s one of the largest airlines is not an exception. This week, United Airlines released information about the second quarter. Unfortunately, during the second quarter, the carrier lost $1.63 billion. For example, last year …
World’s One of the Largest Airlines Lost $1.63 Billion Read More »
The coronavirus pandemic continues to affect the companies. They are working hard to minimize the damage caused by the coronavirus pandemic. As can be seen from the example of Coca-Cola, it won’t be easy to return to pre-COVID 19 levels. It is worth mentioning that, beverage giant reported its largest decline in quarterly revenue in …
Coronavirus Pandemic and its Impact on Coca-Cola Read More »
On Tuesday, Coca-Cola released information regarding its fiscal second quarter. Unfortunately, the company reported its largest decline in quarterly revenue in at least 30 years. In the second fiscal second quarter, earnings per share surpassed expectations. However, compared to the same period of time last year, net income fell from $2.61 billion or 61 cents …
Coca-Cola Reported its Largest Decline in Quarterly Revenue Read More »
This week, Hang Seng Indexes made an important announcement. The city’s leading compiler announced the creations of a new benchmark index. Importantly, the new benchmark index will track the 30 largest firms that trade in the city. It is worth mentioning that the Hang Seng TECH Index is expected to debut next week. Hong Kong …
Hong Kong and a New Nasdaq-Like Technology Index Read More »
Recently, China approved a controversial national security law. Tensions between the U.S. and China have intensified in recent months. According to the opponents of this law, a national security law will undermine the political and legal freedoms the local population enjoyed since Britain handed the former colony to China in 1997. Interestingly, Hong Kong decided …
Hong Kong’s Stock Market and Chinese Tech Companies Read More »
Last week was full of challenges for the stocks across Asia-Pacific. As a reminder, stocks fell on July 16. Nevertheless, on Friday, stocks mostly saw gains despite U.S.-China tensions. Mainland Chinese stocks strengthened their positions on July 17. The Shanghai Composite gained 0.13% to about 3,214.13. In the meantime, the Shenzhen Component gained 0.913% to …
U.S.-China Relations, Stocks, and Investor Sentiment Read More »
Stocks in the Asia Pacific fell on Thursday. However, on the next day stocks mostly saw gains despite U.S.-China tensions. Let’s have a look at the stocks. As stated above, stocks in Asia including Chinese stocks fell on July 16. However, mainland Chinese stocks saw gains on Friday. For example, the Shanghai Composite gained 0.13% …
It has been a historical day for china’s biggest chipmaker SMIC. Let’s have a look at this historical event. Its shares soared nearly 202% on its first day of trade in Shanghai. The shares sale is an important moment not only for the company but for the domestic semiconductor industry in general. Moreover, the trade …
It was a difficult day for the stocks in the Asia Pacific, investors reacted to the information about the economic data than came from China. Importantly, mainland Chinese stocks led losses among the region’s main markets. The Shanghai Composite fell 4.5% to about 3,210.10. At the same time, the Shenzhen Component dropped 5.372% to end …
China’s Biggest Chipmaker SMIC and its First Day of Trade Read More »
The coronavirus pandemic continues to dominate headlines. This is not surprising as it has created a lot of problems. In other news, this week, Goldman Sachs released information about the second-quarter earnings. Notably, Goldman Sachs generated $2.42 billion in profit or $6.26 a share, while analysts expected a profit of $3.78 a share. Interestingly, the …
Bank’s Biggest Earnings Outperformance in Nearly a Decade Read More »
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