Latest: Asia Stock Market News
The group has already invested in tech - it owns antivirus pioneer McAfee and software firm Landesk - but it remained unclear when it might make an offer
The move by the Italian company - following similar halts by Hershey and General Mills - is a further reputational blow for Sime Darby and for Malaysia
Musk's cash offer of $54.20 a share, which values the company at $43 billion, represents a 38% premium to Twitter's April 1 close
Crisis-hit Sri Lanka has halted all its foreign debt payments so it can use its shrinking hard currency reserves to buy food and fuel
"Twitter needs to be transformed as a private company," Musk said in a letter to Twitter chairman Bret Taylor. His offer price of $54.20 a share, represents a 38% premium on its April 1 close
China stocks closed up after Beijing promised a cut in the reserve requirement ratio, while Hong Kong and Tokyo were buoyed by falls in US bond yields
Sri Lanka, hit by its worst economic crisis since independence, has been asking friendly nations including India and China for credit lines, food and energy
India increased its imports of coal from Russia in March to 1.04 million tonnes – its highest level since January 2020, report says, citing data from commodity intelligence firm Kpler
Global policymakers have moved quickly to prevent soaring inflation from derailing a fragile world economic recovery
The company, which also has Apple and Qualcomm as customers, previously said it expected strong growth to accelerate in coming years
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China-US Economic TiesChina Stocks Delisting From US: Everything You Need to Know -
Market InsightsChina Stock Market Guide: Everything You Need To Know
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China Stock Markets
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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Oil & GasIndia Is Likely Exporting Refined Russian Oil to the WestIndia’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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MarketsApple Asks Suppliers in Taiwan to Meet China Label StandardsUS tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
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MarketsIndian-Owned Tech Firms See Sharp Growth in UKDespite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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