Australian businesses ramped up investment in the June quarter as strong consumer demand and generous tax breaks drove spending on new equipment, though coronavirus lockdowns have since turned the outlook distinctly darker.
China Telecom Corp, blacklisted by the U.S. government, surged on its first day of trade on Friday, defying a bearish market and following its $7.3 billion fundraising via public offering, the world's biggest in 2021.
China Telecom Corp surged 34% on its Shanghai debut on Friday, defying a bearish market after raising $7.3 billion in the world's biggest stock listing so far this year.
The U.S. Senate will try to move toward passage of a $1 trillion infrastructure bill on Sunday, as Republicans struggle to heal a rift within their ranks that has inhibited party efforts to amend the legislation.