On Monday, Alibaba Group Holding Ltd (NYSE:BABA), ended its last trade with 3.26% gain, and closed at $78.32.
China will ramp up inspections of goods bought online, a regulator said on Tuesday, seeking to root out low-quality goods that have plagued firms like Alibaba Group Holding Ltd in addition to the country’s broader image, according to Reuters
The State Administration for Industry and Commerce (SAIC) plans to step up random quality checks for goods bought online, according to a statement on the regulator’s website. The SAIC will take into account consumer reports, and press for cooperation from e-commerce platforms.
Companies like Alibaba, rival JD.com Inc and a plethora of others are frequently castigated by China’s regulators for enabling the sale of low-quality goods in addition to counterfeit products. But authorities are also keen to shake off China’s broader reputation as a market plagued by consumer safety scares and rampant intellectual property infringement. Reuters report
Alibaba Group Holding Limited, through its auxiliaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally.
Shares of Apple Inc (NASDAQ:AAPL), gained 1.63% to $114.18, during its last trading session.
Intel Corporation, rated A1/A+ (Moody’s/S&P), has sparked plenty of excitement in Australia ahead of tomorrow’s fixed-income investor call for a potential debut offering of Kangaroo bonds, according to market Reuters
The US technology giant has only issued bonds in US dollars formerly, so to make Australia its first offshore port of call would represent another coup for the Kangaroo market following on from Apple’s A$2.25 billion ($1.58 billion) blowout three-tranche trade in August.
Given that all of Intel’s US dollar bond issues have been for $1 billion or more, expectations are centring on an inaugural Kangaroo trade of at least A$1 billion to make it worthwhile, according to a DCM banker not involved in the transaction.
Apple’s sale dwarfed all previous Australian dollar offerings from non-financial companies, raising hopes for a decisive broadening of Australia’s underutilised fixed-income market. market Reuters Report
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players to consumers, small and mid-sized businesses, education, and enterprise and government customers in the Americas, Europe, Greater China, Japan, and Rest of Asia Pacific.
Finally, Shares of Sirius XM Holdings Inc (NASDAQ:SIRI), gain 0.49% to $4.10.
The stock is up 17.14% in this year through last close, and the beta ratio has a value of 1.58. The stock, as of recent close, has shown weekly downbeat performance of -0.24% which was maintained at 3.54% in 1-month period.
SiriusXM declared recently that multi Grammy-Award winning singer, songwriter Adele sat down for an intimate Q&A session with a select group of listeners for the SiriusXM “Town Hall” series at the SiriusXM studios in New York City.
The “Town Hall” special will feature Adele answering questions from SiriusXM listeners about her celebrated career, counting her highly anticipated forthcoming album 25, which is planned to be released on Friday, November 20. The “Town Hall” special marks Adele’s return to SiriusXM where she made one of her first North American performances in 2008.
“There is no question that fans around the world are eagerly anticipating Adele’s new music,” said Scott Greenstein, President and Chief Content Officer, SiriusXM. “We are so thrilled to welcome Adele back to our studios for this very special edition of our Town Hall series, and where she made one of her first performances in the U.S. in 2008.”
Sirius XM Holdings Inc., through its auxiliaries, provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, counting various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and local traffic reports for 22 metropolitan markets.
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