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PDD’s stock sinks 25% after profit warning despite record revenue in June quarter

PDD Holdings’ stock plunged 25 per cent on Monday after it warned of uncertainty ahead and downward pressure on profits…

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New Business

Hong Kong Urban Renewal Authority’s US$1.54 billion bond issue gets strong response

Demand for a HK$12 billion (US$1.54 billion) issuance of senior bonds by Hong Kong’s Urban Renewal Authority (URA) exceeded supply…

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New Business

China’s stock market turnover sinks to 4-year low as investors fret over stimulus

The daily turnover on China’s onshore markets has slumped to the lowest in four years, indicating investors are awaiting clearer…

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Tech

Hedge fund Third Point urges Intel to explore options to boost position as major chip provider

Intel shares rose 6.1 per cent to US$49.95, the most in more than eight months on the news, giving the…

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