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July 5, 2021 (last updated at 8.25 am)
- Asian stocks eyes steady open after US shares rose further on speculation the Federal Reserve has scope to continue providing substantial stimulus support, oil in focus on OPEC+ crisis deepens.
- Top 5 things to look out for in markets the week ahead.
- Sydney Airport receives a $17 billion takeover offer from a group including IFM Investors, in one of the boldest bets since the pandemic on a recovery of global travel.
- Agrichemicals giant Syngenta Group expands its rollout of farm services in China ahead of a huge IPO listing – aims to raise $10 billion by listing in Shanghai.
- China takes down Didi app over data protection.
- Wall Street banks rack up $650 million in fees and stock gains in the busiest IPO week since 2004.
- China outspends economic US rival in ASEAN investment blitz.
- World’s oldest wealth fund breaks into the world’s top three sovereign wealth funds by assets.
- Supermarket chain Morrisons accepts a $8.7 billion takeover bid by a US investment group led by the owner of Majestic Wine.
- Moet Hennessy adds “sparkling wine” label to champagne for Russia to comply with a new law.
- FBI warns of large-scale ransomware attack in the US.
- UK’s largest chip producer is set to be acquired by Chinese-owned semiconductor company Nexperia for around $87 million amid global semiconductor shortage.
- TikTok parent ByteDance starts selling the video app’s AI to other companies.
- Wi-Fi networks with percent symbols in their names may cause a bug, researches say.