Alibaba has exercised its full retail tranche, from 2.5% to 10%, in its Hong Kong secondary listing, thanks to oversubscription, three sources with direct knowledge of the matter told Reuters.
OxyContin is a dying business in the United States. Purdue Pharma, owned by the billionaire Sackler family, is collapsing under an avalanche of lawsuits that accuse the company of using false claims to push its blockbuster painkiller in the U.S., profiting as an unsuspecting nation slipped into a devastating drug crisis. Meanwhile, another company owned by the family in China has been promoting OxyContin with the same tactics Purdue was forced to abandon in the U.S. as opioid overdose deaths soared, according to interviews with four current and former employees and more than 3,300 pages of training and …read more […]
Emirates and Boeing are fine-tuning a deal that could see the Dubai carrier order around 30 787 Dreamliners as part of wider discussions about amending a separate order for 150 Boeing 777X jets, people familiar with the matter said on Wednesday.
Emirates and Boeing are fine-tuning a deal that could see the Dubai carrier order around 30 787 Dreamliners as part of wider discussions about amending a separate order for 150 Boeing 777X jets, people familiar with the matter said on Wednesday. Emirates tentatively ordered 40 Dreamliners in 2017 but “tough” last-minute talks to finalize the order this week have hinged on negotiations over the scale of its commitment to the upcoming 777X after it ran into delivery delays, they said. It remained unclear how far a restructuring of the 777X order would be discussed officially at the …read more […]
(Bloomberg) — Artificial intelligence is coming for America’s high-paid professions as it creates winners and losers across the labor market like never before.White-collar jobs and better-educated occupations along with production workers are among the most susceptible to AI’s spread into the economy, according to a Brookings Institution report Wednesday that draws on a new analysis of patent data by a Stanford University economist.“Just as the impacts of robotics and software tend to be sizable and negative on exposed middle- and low-skill occupations, so AI’s inroads are projected to negatively impact higher-skill occupations,” researchers Mark Muro, Jacob Whiton and Robert Maxim …read more […]
Emirates and Boeing are fine-tuning a deal that could see the Dubai carrier order around 30 787 Dreamliners as part of wider discussions about amending a separate order for 150 Boeing 777X jets, people familiar with the matter said on Wednesday. Emirates tentatively ordered 40 Dreamliners in 2017 but “tough” last-minute talks to finalise the order this week have hinged on negotiations over the scale of its commitment to the upcoming 777X after it ran into delivery delays, they said. It remained unclear how far a restructuring of the 777X order would be discussed officially at the Dubai …read more […]
Australia’s Westpac Banking Corp has been accused of 23 million breaches of anti-money laundering law, with regulators saying the company enabled payments from convicted child sex offenders and “high risk” countries over half a decade.
The NSE Nifty 50 index rose 0.6% to 12,014, while the S&P BSE Sensex gained 0.4% to 40,638.7. Telecom stocks advanced further after Reliance Jio, owned by billionaire Mukesh Ambani’s Reliance Industries, said it planned to hike tariffs in the next few weeks. Rivals Bharti Airtel Ltd and Vodafone Idea Ltd have already announced their plans to raise rates from next month. …read more […]
Asian shares lost out to safe-harbour bonds on Wednesday as Sino-U.S. trade talks produced nothing but white noise, while concerns about a supply glut left oil prices nursing their biggest one-day loss in seven weeks.
A “phase one” trade deal between the United States and China was supposed to be a limited agreement that would allow leaders from both countries to claim an easy victory while soothing financial markets.
Aston Martin, which has seen its share price plunge this year as sales failed to meet expectations after a stock market flotation, launched its first sport utility vehicle on Wednesday, hoping for a turnaround in fortunes.
Chinese e-commerce giant Alibaba will raise up to $12.9 billion in its Hong Kong secondary listing and is set to price its shares at HK$176 each, a 2.8% discount to their New York share price, sources with direct knowledge of the matter said.
(Bloomberg Opinion) — Interest rates could surge, exchange rates may collapse, the sun might stop shining brightly.Every conceivable danger an investor needs to be aware of in an initial public offering is discussed in the August prospectus of Sterling and Wilson Solar Ltd., among the world’s biggest engineering contractors to solar farms. And yet, the risk that struck hapless shareholders was buried under related-party transactions on Page 37: that the Indian company’s storied founders won’t keep their promise.The 42% carnage in Sterling and Wilson shares over three trading sessions in Mumbai is the story of this broken pledge. Controlling shareholders …read more […]
Regulators on Wednesday accused Australia’s Westpac Banking Corp of 23 million breaches of anti-money laundering laws, saying the bank ignored red flags and enabled payments from convicted child sex offenders and “high risk” countries for years.
Asian shares stumbled on Wednesday as the Sino-U.S. trade talks produced nothing but a stream of conflicting messages, while concerns about a glut of supply left oil prices nursing their biggest one-day loss in seven weeks.
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