The highlighted words in red are links to the news article.
July 8, 2021 (last updated at 8.30 am)
- S&P 500 and Nasdaq post record closing highs after Federal Reserve minutes, Asian stocks eyes for a steady open.
- The world’s largest oil company, Saudi Aramco, plans to sell more assets in multi-billion push.
- UK’s “big bang”-era financial rules need a refresh to keep the City of London competitive after Brexit ended access to the European Union, says think-tank.
- Jeff Bezos’s wealth hits a record $211 billion after Amazon’s shares rose 4.7% after the Pentagon cancelled its cloud-computing contract with rival Microsoft Corp.
- China steps up scrutiny of overseas listings by its companies have darkened the outlook for US IPO listings.
- Fed Reserve is poise to act if inflation or other risks materialised, according to the minutes of the central bank’s June policy meeting.
- Robinhood IPO faces threat of retail snub on Reddit.
- China tech stocks plunge amid crackdown fueling investors concern and sell-off is far from over.
- Yogurt-maker Chobani confidentially files for US IPO listing, could value the company at more than $10 billion.
- AirAsia to buy Indonesian ride-hailing and payments firm Gojek’s Thailand business for US$50 million in shares.
- Google faces anti-trust lawsuit over its Play Store fees.
- Xiaomi seeks $1.2 billion dollar bond sale as Chinese technology companies face fresh scrutiny in an new era of tighter oversight from Beijing.
- Tether, the third-biggest cryptocurrency in the world, has got some economists worried.
- Decluttering grew Facebook Marketplace to 1 billion users.