Date
24 April 2018
Oct 30, 2013 10:43am

Lenovo in talks with banks for US$1.5 bln loan, Reuters says

Lenovo Group Ltd. (00992.HK) is in talks with more than 10 banks for US$1.5 billion in loans, Reuters’ Basis Point reported late Tuesday, citing unnamed sources. The loan, with a maturity of five years, will be used for general corporate purposes. The rate will be similar to that for the US$500 million revolving loan the company secured in January 2011, which was 137.5 basis points higher than the London interbank offered rate.

– Contact HKEJ at [email protected]

MY/AC/CG

 

 

More >

BUSINESS

  • Twelve partner companies and "incubatees" of Hong Kong Science and Technology Parks Corporation won 15 awards at the 46th International Exhibition of Inventions of Geneva. Photo: Internet

    HKSTP delegation bags 15 awards at top invention show

    A dozen partner companies and “incubatees” of Hong Kong Science and Technology Parks Corporation (HKSTP) brought home 15 awards from this year’s International Exhibition of Inventions of Geneva, the world’s most prestigious innovation show. The...
  • With a total reach of 30 million to 50 million websites, Google tracks its users whether or not they are logged in. Photo: Bloomberg

    Google collects more data on users than Facebook does: report

    After Facebook’s Cambridge Analytica scandal, Alphabet-owned Google’s data practices may be under fire next. Writing in the Wall Street Journal, Christopher Mims explains how the search engine giant hoovers up user data through apps,...
  • The new PBOC governor Yi Gang acknowledged that interest-rate differentials with the United States are in a "comfortable range". Photo: Reuters

    HK and China: Travelling in different directions

    North Asian equity markets face a stark choice: follow the Fed or follow China. The Fed is expected to hike rates at least three times in 2018 while the economy experiences fiscal easing. In...
  • ZTE has no one to blame but itself for the US export ban that is now threatening to wreak havoc on its supply chain. Photo: Reuters

    ZTE owes its investors an apology

    ZTE Corp. could be going through an existential crisis at the moment after the US Commerce Department barred American companies from selling technologies and components to the Shenzhen-based telecommunications equipment maker for seven years....
  • Thanks to a cross-border stock link program, mainland investors have begun to embrace concepts such as value investment and fundamental analysis widely adopted by global investors. Photo: Reuters

    Why the A-H share gap may narrow further

    The AH premium index, a gauge of price gaps in dual-listed shares, has been falling rapidly recently after hitting a high of 138.96 points in the beginning of this year. The index tumbled to...
  • The European Commission is concerned that Apple's acquisition of Shazam might give the iPhone maker an unfair advantage in poaching users from its rivals. Photo: Bloomberg

    EU opens competition probe into Apple’s bid for music app Shazam

    EU antitrust regulators have opened an investigation into Apple’s bid for British music discovery app Shazam, concerned the deal might give the iPhone maker an unfair advantage in poaching users from its rivals, Reuters...
  • The EU is said to have made a formal request to join the WTO consultations in relation to the US-China steel tariffs row. Photo: Bloomberg

    EU seeks to join US-China steel dispute at WTO

    The European Union asked on Monday to join a dispute brought by China to the World Trade Organization (WTO) over US import tariffs on steel and aluminum, Reuters reports. The Trump administration had set...
  • Strong ad sales and good investments in startups helped Google's parent company post better-than-expected first-quarter results. Photo: Reuters

    Google parent delivers forecast-beating quarterly results

    Alphabet Inc, the corporate parent of Google, on Monday reported first-quarter sales and profit that topped analyst forecasts, thanks to strong ad sales and a change in accounting for investments in startups, Reuters reports....
  • Brazil fans celebrate after the team's 2014 World Cup semi-finals victory against Germany. The World Cup is a cash-cow for FIFA, which is under pressure to generate more consistent revenue flows. Photo: Reuters

    What exactly is the game world football is playing?

    Recently, in the space of one week, two reports emerged about FIFA-related developments that could profoundly affect the future direction of world football. The first report concerned proposals for an extension of the Club...
  • Page previews have been introduced in the English version of Wikipedia since last Tuesday, allowing users to aim the cursor over a blue link to read a preview of another page. Photo: Bloomberg

    Wikipedia adds page previews for faster comprehension

    Wikipedia has added a new feature to save users’ time and facilitate a better of understanding of the subject being searched. Page previews have been introduced in the English version of Wikipedia since last Tuesday,...

Most Popular 24 Hrs

EJI Weekly Newsletter

Please click here to unsubscribe