Bill Ackman, an early Coupang investor, donates his more than $1 billion stake to charity
Hedge fund manager Bill Ackman was an early investor in Coupang. Now, Ackman said he's donated his entire 26.5 million shares to three charities.
CNBC Asia
Germany, France, Spain and Italy become latest countries to suspend AstraZeneca vaccine over blood clot fears
The WHO has sought to downplay safety concerns, saying last week that there is no link between the shot and an increased risk of developing blood clots.
Singapore and Australia airline stocks surge after talks on air travel bubble
An air travel bubble would allow residents of Singapore and Australia to travel between both countries without the need for quarantine.
Asia-Pacific markets pare gains ahead of Fed meeting; Rakuten jumps 24%
The FOMC is due to meet on March 16 and 17 and some analysts expect the U.S. central bank to revise up its GDP forecast.
China's young people struggle to find jobs as unemployment rate holds at 13.1%
The unemployment rate for those aged 16 to 24 was 13.1% as of February, far above the national rate of 5.5%, the National Bureau of Statistics said.
Xiaomi shares spike 10% after U.S. judge blocks Trump-era restrictions on the Chinese phone maker
A U.S. judge granted Xiaomi a preliminary injunction against a government order that designated the firm as a Chinese military company.
Shares of Japanese tech giant Rakuten jump 20% after stake sale to Walmart, Tencent
Rakuten said it will raise $2.2 billion in capital by issuing new shares to Japan Post, Tencent and Walmart.
Chinese liquor stock that drew comparisons to bitcoin is clinging to 2020 gains
The biggest stock in the mainland Chinese "A share" market is a liquor company that analysts are betting on for the long term.
More countries suspend AstraZeneca vaccinations over blood clot fears: What we know so far
AstraZeneca has said the vaccine has been studied extensively during Phase 3 trials and peer-reviewed data confirms the shot is "generally well tolerated."
Japanese tech giant Rakuten to raise $2.2 billion by issuing new shares to Walmart, Tencent and Japan Post
Japanese tech giant Rakuten is planning to raise $2.2 billion from a host of big names to help it compete with its U.S. rivals.
Web inventor Tim Berners-Lee says 'far too many young people' remain excluded from the internet
Tim Berners-Lee, the British computer scientist credited with inventing the web in 1989, is concerned that a global "digital divide" is taking place.
Hong Kong legislature will be 'largely ceremonial' after China revamp, says ex-U.S. diplomat
Beijing approved a draft decision on Thursday that will alter the size and composition of Hong Kong's legislature and election committee.
Asia-Pacific markets climb, indexes in Japan and South Korea close up more than 1% each
Overnight, the S&P 500 jumped 1% and hit a new closing high, surpassing its previous record from Feb. 16, while a rebound in tech shares resumed.
WHO investigators say Covid origins could be known 'within the next few years'
"I'm convinced we are going to find out fairly soon," Dr. Peter Daszak, a member of the WHO-led team and an animal disease specialist, said.
Coupang is set to make its trading debut on the NYSE. Here's what one strategist is telling clients
The company said it had priced 130 million shares at $35 apiece, raising $4.55 billion and valuing the company around $60 billion.
Asia-Pacific markets mostly advanced as Chinese and South Korean shares led gains
Overnight in the U.S., the passing of the new stimulus package spurred investors to snap up stocks that will benefit from a faster recovery from the pandemic.
Singapore hasn't given up on air travel bubble with Hong Kong, says minister
Both sides are watching for any potential spike in Covid-19 cases following the Lunar New Year festivities, said Singapore's Transport Minister Ong Ye Kung.
Lego sales soared in 2020, but don't just credit stay-at-home trends, it's gaining fans in China
Lego consumer sales jumped 21% last year, the result of a broader product range, e-commerce investments paying off and a surge of growth in China.
India is turning to 'green hydrogen' in a bid to decarbonize its economy
Hydrogen has a range of applications and can be deployed in sectors such as industry and transport.
China's uneven recovery from Covid has been 'understated,' says S&P economist
China's services sector is recovering much slower than expected, said Shaun Roache, chief economist for Asia-Pacific at S&P Global Ratings.
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