A trading update for the first half of the year from Massmart on Friday spooked investors who had been banking on a stronger recovery. Game is at the centre of the problems.
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Shares in Alviva Holdings jumped more than 18% in intraday trading on Thursday morning after the ICT distribution group said full-year earnings per share are likely to nearly double.
The flight of top taxpayers has long been a thorn in the side of national treasury. But the coronavirus crisis and recent riots could prove to be a tipping point.
Tesla chairwoman Robyn Denholm sold 31 250 shares of the electric vehicle maker for more than $22-million, according to a new regulatory filing.
As $1-trillion evaporated from Chinese stocks last week, some investors realised they hadn’t paid enough attention to the country’s most important man: President Xi Jinping.
It turns out even the most compliant Chinese billionaires aren’t immune to the regulatory onslaught sweeping the world’s second largest economy.
Shares in both Naspers and its European spinoff Prosus tumbled on Tuesday, following Tencent’s sharp fall after a Chinese state media article described online videogames as “spiritual opium”.
Elon Musk’s brain-chip start-up, Neuralink, has raised US$205-million in a funding round led by Dubai-based venture capital firm Vy Capital, with participation from Google Ventures.
China’s unprecedented crackdown on its technology industry has turned Tencent Holdings from a market darling into the world’s biggest stock loser this month.
International investors are feeling bruised and uncertain as days of heavy selling hammered China’s top technology stocks that began to seep into currency and debt markets.