Nov.26 — Alibaba is surging on its debut in Hong Kong, having already risen strongly in the grey market. The company raised more than $11 billion in the share sale. Bloomberg’s Sophie Kamaruddin reports on “Bloomberg Markets: Asia.” …read more […]
(Bloomberg) — Turkey’s decision to move forward with deployment of a Russian-made air defense system has sparked new urgency in the the U.S. Senate to punish the NATO ally.Tests in Ankara this week of the S-400 anti-aircraft missile system will increase pressure on the U.S. Treasury to impose sanctions mandated by current law. The move will also provide more incentive for the Senate to advance additional sanctions drafted last month in response to Turkey’s invasion of northern Syria — as Republican senators personally warned Turkish President Recep Tayyip Erdogan during his visit to the White House.Even before the announcement of …read more […]
Peak Resources Ltd on Tuesday said it received an indication from a U.S. government agency regarding possible funding for its Ngualla Rare Earth project in Southern Tanzania. The Overseas Private Investment Corp, a U.S. government agency that helps American businesses invest in emerging markets, would consider financing the African project, subject to a review and approval process, Peak Resources said in a statement. The United States has been pushing to increase its rare earths capabilities to secure stable supply of the specialized material amid the country’s trade conflict with China. …read more […]
(Bloomberg Opinion) — For decades now, Australian banks have been a class apart.Thanks to a ceaselessly growing economy, an oligopolistic structure that prevents mergers between the big four lenders, and the loyalty of self-funded retirees who play a large part in the local stock market, they’ve been valued as if they’re in a fundamentally different business from counterparts in other countries.At their peaks, Commonwealth Bank of Australia, Westpac Banking Corp. and Australia & New Zealand Banking Group Ltd. were all priced at more than three times book value. That’s extraordinary in an industry where the share price should tend to …read more […]
Tesla Inc’s chief executive, Elon Musk, will testify in his own defense against a defamation lawsuit brought by a British cave explorer, Musk’s lawyer said on Monday in U.S. District Court in Los Angeles. Vernon Unsworth is suing Musk for calling him a “pedo guy.” Musk posted the tweet after Unsworth accused Musk in a CNN interview of grandstanding by offering to help Unsworth’s diving team rescue 12 boys and their soccer coach from a Thailand cave in July 2018. …read more […]
(Bloomberg) — Alibaba Group Holding Ltd. rose 7.7% in its Hong Kong debut, capping a landmark share sale that unfolded during violent anti-government protests.Chairman Daniel Zhang, lieutenants wearing Alibaba lapel pins and Hong Kong dignitaries were on hand to strike the opening gong Tuesday at a celebration of the city’s biggest stock listing this year. The company presented a Chinese-style painting to the exchange — a souvenir to go with the showy coming-out party. The Chinese e-commerce giant’s shares rose to as much as HK$189.50, versus a HK$176 issuance price.Asia’s most valuable corporation raised about $11 billion in the financial …read more […]
Alibaba Group’s Hong Kong shares were trading 7.7% higher at HK$189.50 in their debut, after marking the city’s biggest share sale in nine years. Alibaba has raised at least $11.3 billion from the secondary listing and that amount could climb to as much as $12.9 billion if an over-allotment option is exercised. At Tuesday’s listing ceremony, CEO Daniel Zhang noted Alibaba’s Hong Kong debut had been a long time coming. …read more […]
Alibaba Group’s Hong Kong shares were trading 7.7% higher at HK$189.50 in their debut, after marking the city’s biggest share sale in nine years. Alibaba has raised at least $11.3 billion from the secondary listing and that amount could climb to as much as $12.9 billion if an over-allotment option is exercised. At Tuesday’s listing ceremony, CEO Daniel Zhang noted Alibaba’s Hong Kong debut had been a long time coming. …read more […]
Q2 2020 Capstone Turbine Corp Earnings Call …read more […]
Alibaba Group’s Hong Kong shares were trading 7.7% higher at HK$189.50 in their debut, after marking the city’s biggest share sale in nine years. Alibaba has raised at least $11.3 billion from the secondary listing and that amount could climb to as much as $12.9 billion if an over-allotment option is exercised. At Tuesday’s listing ceremony, CEO Daniel Zhang noted Alibaba’s Hong Kong debut had been a long time coming. …read more […]
(Bloomberg) — Alibaba Group Holding Ltd. rose 6.3% in its Hong Kong debut, capping a landmark share sale that unfolded during violent anti-Chinese protests.Chairman Daniel Zhang, flanked by lieutenants wearing Alibaba lapel pins, struck the opening gong Tuesday at a packed ceremony attended by prominent Hong Kong officials. The Chinese e-commerce giant’s shares rose to HK$187 in pre-market trade, versus a HK$176 issuance price.Asia’s most valuable corporation raised about $11 billion in the financial hub’s largest issuance of stock since 2010, a triumph for a stock exchange that lost many of China’s brightest technology stars to U.S. rivals. The blockbuster …read more […]
Synchrony Financial said on Monday it was investigating the cause of a notification sent erroneously to some customers regarding the financial services company’s co-branded card with Amazon.com Inc. A Synchrony spokesperson said the e-mail sent in error did not include any customer data or personal information. …read more […]
(Bloomberg) — If 2019 was the year the yield curve went mainstream, with an inversion sending a stark recession warning, then 2020 is already shaping up as a welcome return to normality.Nobody is willing to call the all-clear on the global economy yet given a trade deal between the U.S. and China is still to be reached. Even so, the prospect of longer-term yields stretching their premium over shorter maturities is among the top trade ideas for next year on Wall Street, drawing money from the likes of BlackRock Inc., Penn Mutual Asset Management and Aviva Investors.“The curve, from two- …read more […]
Monetary policy is “well positioned” to support the strong labor market, which is just now starting to benefit workers on the margins, Federal Reserve Chair Jerome Powell said Monday. Powell said he has heard stories of employers and schools collaborating to train and hire people with various levels of education and workers with disabilities, according to prepared remarks to be delivered at an annual dinner for the Greater Providence Chamber of Commerce. “We have heard that many people who in the past struggled to stay in the workforce are now working and adding new and better chapters to …read more […]
Q3 2019 Stellus Capital Investment Corp Earnings Call …read more […]
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