Asia - Spark Newswire

2 minute read

Market Legend Rakesh Jhunjhunwala, Known As ‘India’s Warren Buffett,’ Dies At 62: Here Are Some Of His Ace Investments

Today, 3:22 PM

Rakesh Jhunjhunwala, also known as "The Big Bull," has died at the age of 62, reportedly due to cardiac arrest on Sunday. The veteran investor, widely followed in India, had recently launched the country’s latest airline, Akasa Air.

BRK-A

2 minute read

Alibaba, EV Stocks Open Lackluster As Hang Seng Loses Sheen Amid Disappointing China Economic Data

By Bhavik Nair

Today, 3:22 PM

Hong Kong’s benchmark Hang Seng index traded in the red Monday morning, falling 0.6% after China's industrial production and retail sales data disappointed investors.

BABA

1 minute read

Nio Shortlists 3 Cities For Its Mega Annual Event: Users Get Their Say In Final Selection

By Bhavik Nair

Today, 3:22 PM

Chinese electric vehicle maker Nio Inc (NYSE: NIO) has narrowed the shortlist for its mega NIO 2022 Day event to three cities, the CnEVPost reported.

NIO

2 minute read

How Much China Exposure Does Apple Have? Is Cupertino Serious About Diversifying Supply Chain? Munster Offers His Insights

By Shanthi Rexaline

Today, 3:22 PM

The U.S.-China relationship, which was beginning to mend, has taken a turn for the worse in the wake of House Speaker Nancy Pelosi’s visit to Taiwan, which China calls its territory.

AAPL

2 minute read

Goldman Sachs Analyst: Declining Price Trend Is Over Due To Low Oil Supplies, High Demand

By Robert Kuczmarski

Today, 3:22 PM

Commodity prices have been behaving irrationally, according to a Goldman Sachs Group Inc. (NYSE: GS) analyst, citing further unsustainable price increases.

1 minute read

Ray Dalio’s Bridgewater Drops Alibaba, JD.com But Bulks Up On This Chinese Tech Stock

By Shanthi Rexaline

Today, 3:22 PM

Bridgewater Associates, billionaire investor Ray Dalio's hedge fund, has wiped its portfolio clean of almost all Chinese stocks.

BABA

1 minute read

Why Alibaba-Backed Fintech Paytm Plunged 6% Today

By Bhavik Nair

Today, 3:22 PM

Shares of Indian digital payments service provider Paytm, backed by SoftBank Group Corp (OTC: SFTBY) and Alibaba Group Holding Ltd.

BABA

1 minute read

Chinese EV Maker Nio Announces Support For Formula Student Germany

By Bhavik Nair

Today, 3:22 PM

Chinese electric vehicle maker NIO Inc (NYSE: NIO) has launched its support for Formula Student Germany, a move that could be seen as part of the firm’s efforts in building its brand image in the country, reported

NIO

2 minute read

Alibaba Holds It Together, EV Stocks Shine As Wider Hang Seng Falls: Key Events Driving Hong Kong Stocks Today

By Bhavik Nair

Today, 3:22 PM

Hong Kong’s benchmark index Hang Seng today opened in the red, losing 0.23% in Friday morning trade as investors took cues from a mixed session on Wall Street the day before. U.S. indices ended mixed earlier on Thursday despite a fall in the producers’ prices.

BABA

1 minute read

India’s Adani — Leaving Musk, Bezos In Dust When It Comes To 2022 Wealth Gain — Now Plans To Establish New Alumina Refinery With $5.2B Investment

By Bhavik Nair

Today, 3:22 PM

Adani Enterprises Ltd, the flagship company of the Adani Group — plans to invest $5.2 billion to set up an alumina refinery in the eastern Indian state of Odisha, reported Bloomberg.

AMZN