HONG KONG (Reuters/IFR) – China’s Xiaomi Corp priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world’s biggest tech float in four years, people close to the transaction said on Friday.
LONDON (Reuters) – World stocks enjoyed a strong bounce on Friday as a recovery in Asian markets spread to European shares after a turbulent week of selling as investors’ fears of higher barriers to trade came closer to becoming reality.
FRANKFURT (Reuters) – Deutsche Bank shares rose more than 3 percent on Friday, a day after its U.S. subsidiary failed a second part of the U.S. Federal Reserve’s annual stress tests.
SHENZHEN, China/HONG KONG (Reuters) – Chinese telecoms giant ZTE Corp is expected to announce a radical management overhaul following a shareholder meeting on Friday, in line with conditions laid out in a $1.4 billion settlement deal to lift a crippling U.S. supplier ban.
ZURICH (Reuters) – Novartis plans to spin off its Alcon eye care business to shareholders and repurchase up to $5 billion in shares, as Chief Executive Vas Narasimhan refocuses the Swiss firm on prescription drugs.
SHANGHAI (Reuters) – BMW has awarded a contract worth just over a billion euros ($1.16 billion) to China’s lithium battery maker Contemporary Amperex Technology Ltd (CATL) , the German carmaker said on Thursday.
FRANKFURT (Reuters) – Shares of Deutsche Bank rose 1 percent in early trade on Friday after the German lender’s U.S. subsidiary failed the second part of the U.S. Federal Reserve’s annual stress tests.
SHANGHAI (Reuters) – Asian share markets rallied from nine-month lows on Friday as Chinese shares rebounded from a sell-off, but the market outlook remains gloomy a week before initial U.S. and Chinese tariffs are set to take effect.
Most of Wall Street is focused on Tesla’s race to build enough Model 3s and how the company may soon need to raise more cash. “Among the key improvements made to the already industry-leading thermal management system in the Model S/X are the new aluminum cooling radiators that surround each individual cell in the Model 3 pack,” Alexander Haissl, an analyst at the firm, told clients in a note he wrote Wednesday after taking a tour of Tesla’s so-called Gigafactory. …read more […]
HONG KONG (Reuters/IFR) – China’s Xiaomi Corp priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world’s biggest tech float in four years, people close to the transaction said on Friday.
ZURICH (Reuters) – Novartis unveiled its long-expected plan to spin off all of its Alcon eye care devices business and launch a share buyback of up to $5 billion as the company sharpens its focus on prescription drugs, it said on Friday.
SHENZHEN/HONG KONG (Reuters) – Chinese telecoms giant ZTE Corp is expected to announce a radical management overhaul following a shareholder meeting on Friday, in line with conditions laid out in a $1.4 billion settlement deal to lift a crippling U.S. supplier ban.
HONG KONG (Reuters/IFR) – Chinese smartphone maker Xiaomi Corp priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, said people close to the transaction.
HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Corp priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, Thomson Reuters publication IFR reported on Friday, citing sources close to the transaction.
SHANGHAI (Reuters) – Asian share markets rallied from nine-month lows on Friday, after China eased foreign investment limits, but underlying sentiment was dampened by worries over trade frictions a week before initial U.S. and Chinese tariffs were set to take effect.
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