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  • Alibaba’s Hong Kong Shares jump Nearly 15% on Six-Way Split Plans

    Alibaba’s Hong Kong Shares jump Nearly 15% on Six-Way Split Plans0

    Alibaba Group’s Hong Kong shares rose sharply on Wednesday, tracking an overnight jump in its American stock after the e-commerce giant said it plans to split into six units, with potential fundraising and listings for most of them. The stock (HK:9988) rose 13.5% to an over one-month high of HK$95.55 shortly after the open, and

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  • Gold Prices Dip From $2,000, Banking Crisis in Focus

    Gold Prices Dip From $2,000, Banking Crisis in Focus0

    Gold prices retreated on Monday as traders locked in profits after a strong run of gains, but remained near key levels hit last week as fears of a global banking crisis kept safe haven demand high. Bullion prices surged to the over $2,000 last week amid concerns over the next domino to fall among U.S.

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