Finance

Wall Street’s blue-chip S&P 500 hits record high

Wall Street’s blue-chip S&P 500 hits record high

US stocks hit a new record, propelled higher by technology shares, while government bonds rallied in the return of a

Hong Kong court convicts veteran activists over 2019 protests

Hong Kong court convicts veteran activists over 2019 protests

A Hong Kong court has convicted some of the city’s most senior pro-democracy figures, including media mogul Jimmy Lai, of

Archegos debacle reveals hidden risk of banks’ lucrative swaps business

Archegos debacle reveals hidden risk of banks’ lucrative swaps business

The Archegos Capital debacle has exposed the hidden risks of the lucrative but opaque equity derivatives business through which banks

US real estate brokerage backed by Japan’s SoftBank scales back IPO

US real estate brokerage backed by Japan’s SoftBank scales back IPO

SoftBank-backed Compass raised only about half the total it originally expected from its initial public offering, a sign that investors

Banks conduct internal probes over Archegos debacle

Banks conduct internal probes over Archegos debacle

Some of the banks that collectively had more than $50bn of exposure to Archegos Capital are conducting internal inquiries over

Tensions between Russia and Ukraine flare up

Tensions between Russia and Ukraine flare up

Ukraine’s smouldering seven-year war with Russian-backed separatists on its eastern border has flared up sharply in recent days after the

Black business leaders urge companies to make a stand on voting rights

Black business leaders urge companies to make a stand on voting rights

Dozens of corporate America’s most senior black executives are calling on their white peers to speak out against efforts to

US tech stocks rally ahead of Biden stimulus speech

US tech stocks rally ahead of Biden stimulus speech

US tech stocks rallied on Wednesday as the White House released details of President Joe Biden’s next stage of his