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Bloomberg Ant Group Co.’s highly-anticipated initial public offering in Shanghai is set to intensify rivalry between the bourse and its competitor Shenzhen, as both aim for the top spot in China’s $9.9 trillion equity market. The megacities house two of the world’s largest 10 stock-exchange operators, and have for decades jostled to become the go-to destination for firms wanting to ...

Bloomberg A slowing pace of virus infections and optimism over China’s economic recovery is burnishing the appeal of Asian stocks for some money managers as volatility in global markets jumps ahead of next week’s US vote. GAM Investment Management, Robeco Hong Kong Ltd. and Nordea Investment Funds SA see regional shares extending October’s gains, regardless of who wins the election. ...

Bloomberg Oil posted its largest monthly drop since March as renewed lockdown measures to contain the coronavirus threatened to upend a shaky demand recovery. Futures fall 1.1% in New York to end the week below $36 a barrel taking their cue from a broader market selloff and the worst week for US stocks since March. At the same time, the ...

Bloomberg When talking about the biggest company in the world, it’s not unusual for there to be eye-popping numbers. But Apple Inc.’s latest superlative is not one investors would like to see. Since becoming the first American company to surpass $2 trillion in market value in August and peaking last month, the iPhone maker has lost $450 billion, wiped out ...

Al Ain / WAM The UAE is the latest country to join the UK-initiated Global Ocean Alliance, a group of 32 countries working to protect the ocean and improve the livelihoods of coastal communities. As its core goal, the Alliance calls for safeguarding at least 30 percent of the world’s oceans by 2030 through marine protected areas. The UAE is ...

Bloomberg This is not a list of bad cars. The Chevrolet Corvette, the McLaren 570S, and Lotus Evora, for example, are among the most athletic, fun-to-drive vehicles on market today. But the ability to provide a thrilling experience from behind the wheel doesn’t mean a car sailed through the interior design portion of the test. Engineering prowess doesn’t always transfer ...

Bloomberg Apple Inc. is planning updates to its AirPods earbuds next year, seeking to capitalise on the success of a product that has become an important source of growth. The Cupertino, California-based technology giant is working on two new models: third-generation entry-level AirPods and the second version of the AirPods Pro earbuds, according to people familiar with the plans. The ...

Bloomberg Tesla Inc. secured its own lithium mining rights in Nevada after dropping a plan to buy a company there, according to people familiar with the matter. The automaker held discussions in recent months with Cypress Development Corp., which is seeking to extract lithium from clay deposits in southwest Nevada, but the parties didn’t reach a deal, the people said, ...

Bloomberg Microsoft Corp.’s first-quarter revenue climbed a better-than-projected 12%, strengthened by corporate demand for cloud-computing services to support customers’ remote workers and move more of their business online. Sales in the period that ended September 30 rose to $37.2 billion, the software maker said in a statement. That exceeded the $35.8 billion average estimate of analysts polled by Bloomberg, and ...

Bloomberg Sony Corp. raised its fiscal-year operating profit outlook by 13% to $6.7 billion as its video game unit rode a surge in demand for entertainment from home-bound consumers. The forecast, up from a previous 620 billion yen, surpassed the average analyst expectation of 658.9 billion yen and precedes the PlayStation 5’s highly anticipated November debut. Sony aims to sell ...