The partnership formed by Oracle, OpenAI and SoftBank is due to invest up to $500 billion. SoftBank's shares rose 3.7% on Thursday in Tokyo trading after jumping 11% the day before. Elsewhere in Asia, the S&P/ASX 200 in Australia fell 0.6% to 8,383.50, while the Kospi in Seoul lost 0.8% to 2,526.98.
The Chinese government aims to boost domestic stock markets by ordering pensions and mutual funds to significantly increase their investment in domestic shares. This strategic move is expected to infuse hundreds of billions of yuan into the market over the next three years.
China rolled out a basket of measures to stabilize its stock markets, including plans to boost the amount pension can invest in the nation’s listed companies, as it combats uncertainty in a second Donald Trump presidency.
Led by the chief of the China Securities Regulatory Commission, officials from five government departments joined hands to map out the latest action plan to support a struggling stock market.
chairman of the China Securities Regulatory Commission, told reporters. He said this should pump "hundreds of billions of yuan of new long-term funds" into the stock market.
Financial regulatory bodies including the People's Bank of China, National Financial Regulatory Administration and China Securities Regulatory Commission delayed salary payments in January, and ...
including the China Securities Regulatory Commission (CSRC), the Ministry of Finance, the People’s Bank of China (PBOC) and the National Financial Regulatory Administration. The proportion of ...
led by the China Securities Regulatory Commission and the Ministry of Finance. Among the announced measures, insurers will be encouraged to invest 30% of annual premiums earning from new policies ...
Securities are deposited to investor accounts, and payment is delivered to the Treasury. ETFs: ETFs are bought and sold like stocks, and many qualify for commission-free trades. Investors can ...
U.S. stocks are drifting near a record as Wall Street’s recent rally loses some momentum. The S&P 500 slipped 0.1% in early trading Thursday, a day after after pulling to
Wall Street was mixed in premarket trading on Thursday as major U.S. airlines stumbled and health insurance companies soared. Futures for the S&P 500 lost 0.1% before the opening bell, while