May 20, 2020

Luckin scandal ripple effect prompts chairman-backed firm to seek cash: sources

A company linked to China’s scandal-hit Luckin Coffee Inc is seeking fresh capital, sources said, highlighting the ripple effect of Luckin’s fabricated transactions as the chairman […]
May 20, 2020

Oil rises on signs of firmer demand, fall in U.S. crude stocks

Oil prices rose on Wednesday amid signs of improving demand and a drawdown in U.S. crude inventories but worries over the economic fallout from the coronavirus […]
May 20, 2020

Global green energy growth to fall for first time in 20 years: IEA

Global growth in new renewable energy capacity will experience its first annual decline in 20 years this year amid the coronavirus pandemic but is expected to […]
May 20, 2020

HSBC sees double-digit wealth asset growth in Asia by 2023

HSBC Holdings PLC expects to achieve double-digit asset growth in its newly combined wealth business in Asia Pacific in the next three years, as it looks […]
May 20, 2020

Senate Democrats call for Trump administration to unveil details of TSMC plant deal

Democratic lawmakers on Tuesday urged the Trump administration to answer “serious questions” about Taiwan Semiconductor Manufacturing Co Ltd’s plans to build a U.S.-based $12 billion plant, […]
May 19, 2020

Early data on Moderna’s COVID-19 vaccine insufficient: Stat News

Data from a small, early-stage safety trial testing Moderna Inc’s experimental COVID-19 vaccine does not provide critical data to assess its effectiveness, Stat News reported on […]
May 19, 2020

Trump administration signs up new company to make COVID-19 drugs in U.S.

U.S. President Donald Trump’s administration awarded a contract worth up to $812 million for a new U.S. company to manufacture drugs and drug ingredients to fight […]
May 19, 2020

Spotify new home for Joe Rogan’s podcast, shares jump

Spotify Technology SA said on Tuesday comedian Joe Rogan’s podcast will be available on the music streaming platform starting Sept. 1 and will become an exclusive […]
May 19, 2020

S&P stumbles as Moderna sinks on report questioning trial results

The S&P 500 closed lower on Tuesday, as investors focused on a report questioning Moderna’s recent coronavirus vaccine early-stage trial results, wiping out modest gains on […]
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