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.
MUMBAI (Reuters) – Multinational companies like Amazon Inc and H&M are lobbying to soften a ban against single-use plastic imposed by an Indian state last week, according to four sources familiar with the matter.
MT. PLEASANT, Wis. – U.S. President Donald Trump said on Thursday SoftBank Group Corp Chief Executive Masayoshi Son is increasing his investment in the United States to $72 billion, significantly more than the $50 billion he had previously pledged.
HONG KONG (Reuters/IFR) – China Tower, the world’s largest mobile mast operator, has won approval in Hong Kong for an IPO that could raise up to $10 billion, according to people familiar with the situation.
Officials have released the names of the five people killed in a shooting at a Maryland newspaper. Lt. Ryan Frashure of Anne Arundel County Police read the names at a news conference Thursday night, hours after the shooting at The Capital Gazette. A law enforcement official says the suspect in the Annapolis, Maryland, newspaper shooting has been identified as Jarrod W. Ramos. …read more […]
SAN FRANCISCO (Reuters) – Danhua Capital has invested in some of Silicon Valley’s most promising startups in areas like drones, artificial intelligence and cyber security. The venture capital firm is based just outside Stanford University, the epicenter of U.S. technology entrepreneurship.
MT. PLEASANT, Wis. – U.S. President Donald Trump said on Thursday SoftBank Group Corp Chief Executive Masayoshi Son is increasing his investment in the United States to $72 billion, significantly more than the $50 billion he had previously pledged.
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