Sotheby’s shares jump after record $110.5 million painting sale

It only took 10 minutes for a 1982 painting, featuring a black skull on top of a colorful background, to soar to a record-breaking price at Sotheby’s New York auction house on Thursday. And now shares of Sotheby’s stock are soaring, relatively speaking. A...

Temasek trims stake in ICBC, says remains confident in Chinese banks

Singapore state investor Temasek Holdings pared its stake in Industrial and Commercial Bank of China (ICBC) to 8.43 percent from 9.12 percent, as part of a rebalancing of its portfolio in China’s largest bank. In a statement on Friday, Temasek said it remained...