International News
Electric carmaker Xpeng improves pricing for expanded US IPO
Chinese electric vehicle maker Xpeng could raise approximately $1. 5bn from its US initial public offering after raising the price of its shares to $15.
Moderna says Covid-19 vaccine also generates antibodies among elderly
Moderna shares found a bid in the middle of the week after the biotechnology outfit announced that its experimental Covid-19 vaccine did generate antibodies against the disease in elderly patients.
American Airlines to axe 19,000 jobs when Covid wage scheme ends
American Airlines said it would cut 19,000 jobs in October when a US government coronavirus wage support scheme extended to the industry ends.
Davos delayed until summer 2021 because of Covid-19
The annual gathering of the world's political and financial elite at Davos has been postponed until summer 2021 because of Covid-19.
Trump ban on WeChat could harm some US businesses
US President Donald Trump’s executive order banning messaging app WeChat could result in a hit to the revenues of companies in China subject to US jurisdiction.
UK Supreme Court dismisses Huawei and ZTE appeals
The United Kingdom’s Supreme Court on Wednesday dismissed appeals by China’s Huawei and ZTE in patent disputes.
US durable goods orders soar on demand for motor vehicles
Orders for goods made to last more than three years nearly doubled economists' forecasts for last month, led by a sharp jump in those for motor vehicles and parts.
Asia report: Shares lower on lacklustre Wall Street as traders eye Powell speech
Asian shares closed lower on Wednesday as a lacklustre Wall Street and mixed economic data dampened investor enthusiasm.