Year: 2019

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Alibaba's $13.4 bln bookbuild covered multiple times -sources

November 15, 2019 admin Comments Off on Alibaba's $13.4 bln bookbuild covered multiple times -sources

Alibaba’s $13.4 billion institutional bookbuild for its Hong Kong listing is already covered “multiple times,” according to a message sent to investors and verified by sources with direct knowledge of the matter. The Chinese e-commerce giant plans to list its shares in Hong Kong from November 26 and is currently marketing the deal to investors around the world. Pricing of the stock for institutional shareholders will be set on November 20, a prospectus lodged with the Hong Kong Stock Exchange shows. …read more […]

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Oil Heads for Weekly Loss on Signs of Adequate Global Supplies

November 15, 2019 admin Comments Off on Oil Heads for Weekly Loss on Signs of Adequate Global Supplies

(Bloomberg) — Oil headed for a weekly decline as rising U.S. crude inventories and new production elsewhere signaled that global markets will remain comfortably supplied.Futures slipped 0.5% in New York, bringing the loss this week to 1.3%. U.S. government data showed stockpiles expanded by 2.22 million barrels last week as production rose to a record, while the International Energy Agency said fresh supplies from America and beyond will continue to “calm” world markets in 2020. OPEC gave further signals it won’t step up efforts to support prices.Oil is down 15% since an April peak as the spat between Beijing and …read more […]

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Jet grounding and delays overshadow Dubai Airshow

November 15, 2019 admin Comments Off on Jet grounding and delays overshadow Dubai Airshow

An eight-month crisis over the grounding of Boeing’s 737 MAX jets and widespread industrial delays are setting an unpredictable backdrop to next week’s Dubai Airshow, with some airlines reviewing fleet plans even as others look for bargains. The biennial civil and military expo is a major showcase for wares from jumbo jets to military drones but faces growing questions over demand and the capability of overstretched suppliers, delegates arriving for the Nov. 17-21 event said. Top of their agenda will be the worldwide grounding of the 737 MAX in the wake of two deadly crashes. …read more […]