CrowdStrike Is Sued by Shareholders over Huge Software Outage
By Jonathan Stempel July 31 (Reuters) - CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could caus
Ganfeng Lithium to Trade Derivatives to Hedge Against Global Expansion Risks
Ganfeng Lithium Group will ask for shareholder approval for its proposed financial derivatives trading to mitigate risks from its global expansion, according to company filing on Tuesday with the Shenzhen bourse.The lithium company aims to trade options and forward contracts, with the daily maximum outstanding contract volume capped at 8 billion yuan, the company said.Margin deposits will also be tapped at the same volume, according to the filing.Ganfeng shares rose 1% in Hong Kong during Wednesday morning trading.Price : $17.68, Change: $+0.20, Percent Change: +1.14%
Hong Kong Stocks Slip After Surprise Contraction in China’s Factory Activity
Hong Kong stocks weakened after a private report showed China’s manufacturing activity unexpectedly contracted in July, reigniting growth concerns. The Federal Reserve’s dovish outlook, after leaving