Nov.11 — Saudi Aramco released the prospectus for the state oil producer’s initial public offering, which is expected to kick off of Nov. 17. Bloomberg’s Annmarie Hordern has the details on “Bloomberg Markets: European Open.” …read more […]
Shares across the globe fell on Monday, buffeted by escalating violence in Hong Kong that pushed Asian stocks to their worst day since August and stoked demand for the safe-haven yen and gold. In the 24th straight week of pro-democracy unrest, Hong Kong police shot and wounded a protester as the Chinese-ruled territory saw rare working-hours violence. The MSCI world equity index, which tracks shares in 47 countries, slipped 0.2%, with Hong Kong’s Hang Seng index falling 2.7% and leading losses across Asia. …read more […]
International Exchange Inc said on Monday that oil majors including BP, Total and Shell would be partners in a new exchange it is launching in the United Arab Emirates next year to list Abu Dhabi National Oil Co’s (ADNOC) flagship Murban crude grade. The Murban futures contract, to be hosted on the new ICE Futures Abu Dhabi (IFAD), would replace retroactive pricing, allowing buyers to hedge risks and capture more value from ADNOC’s oil output, CEO Sultan al-Jaber told an energy forum in the United Arab Emirates capital Abu Dhabi. …read more […]
Prosus held firm on its $6.3 billion offer to buy Just Eat on Monday as it argued the merits of its bid versus one from Takeaway.com for the British online takeaway delivery firm.
Chinese retailer Alibaba Group Holding Ltd said on Monday that sales for its annual Singles’ Day shopping blitz crossed the $30 billion mark at 4:31 p.m. (0831 GMT), putting the event on track to set a record in its 11th year.
Roche’s bid to rival Biogen and Novartis in treating spinal muscular atrophy (SMA) got a lift on Monday when the Swiss drugmaker said its drug risdiplam improved motor function of patients in a key study. Roche, which plans to seek approval for the investigational medicine this year, said its SUNFISH trial demonstrated statistically significant improvements in patients aged 2-25 years with Type 2 or 3 SMA, compared to a placebo. Biogen’s Spinraza, approved in 2016, lists at $750,000 in year one and $375,000 thereafter, while Novartis’s Zolgensma is the costliest one-time treatment at $2.1 million. …read more […]
Investors can buy low cost index fund if they want to receive the average market return. But in any diversified… …read more […]
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we’d be… …read more […]
Nov.11 — Piyush Gupta, chief executive officer at DBS Group, discusses third-quarter earnings, the headwinds he’s facing, his optimism about the Singapore economy, banking earnings, how the Hong Kong protests are impacting his business, possible M&A plans and where he’s finding opportunity. He speaks on “Bloomberg Markets: Asia” from the sidelines of the Singapore FinTech Festival in Singapore. …read more […]
Oil prices fell more than 1% on Monday amid concerns over the prospects of a trade deal between the United States and China, while worries about oversupply also weighed on the market.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We’ll show how you can use… …read more […]
Netherlands-based Prosus has tweaked its offer for online takeaway delivery platform Just Eat , lowering the acceptance threshold for investors as it battles Takeaway.com to buy the British company.
(Bloomberg) — Major Hong Kong banks spent their morning telling employees to commute carefully, and by afternoon began urging them to consider going home as police lobbed tear gas at protesters on the streets outside.“Your safety is our top priority,” HSBC Holdings Plc wrote to staff around lunchtime, inviting them to use their judgment in leaving and noting the firm will remain open. “Please take laptops home if you are able to work remotely.”Most of the city’s major investment banks and other financial firms tried to operate normally, though some lenders closed branches near flareups as a precaution, after the …read more […]
Netherlands-based Prosus said on Monday it had published its cash offer document to buy online takeaway delivery platform Just Eat for 710 pence a share, pitching its bid against rival Takeaway.com with a lowered acceptance threshold of 75%.
Fewer new energy vehicles (NEV) could be sold in China this year than in 2018, an official at the country’s biggest auto industry association said on Monday, as customers hold back on purchases following a government decision to cut subsidies.
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