Markets

China Tobacco International, the overseas subsidiary of China’s state-owned tobacco monopoly and the world’s largest tobacco producer by volume, has filed for a Hong Kong initial public offering, Reuters reports. The listing will raise around US$100...

From gloom to boom? Just when almost everyone was so glad to bid adieu to 2018 – a quite horrendous year for stock punters the world over – a snapshot of four smiling Chinese tycoons joining...

US stocks staged a dramatic rebound on Wednesday, with the Dow Jones Industrial Average surging more than 1,000 points for the first time ever, on short-covering activity following reports of strong holiday-season sales in the world’s...

US stocks will suffer further falls, billionaire bond trader and investment guru Jeffrey Gundlach said on Monday, warning of a long-term bear market. Speaking on CNBC TV, Gundlach, who is the chief executive of DoubleLine Capital, said passive...

Tencent Music shares surged as much as 13.5 percent in their US trading debut on Wednesday as investors shrugged off volatile markets and sought a piece of the Chinese music streaming giant. The stock opened at...

China-based music streaming company Tencent Music Entertainment Group has raised close to US$1.1 billion in its US initial public offering (IPO) after pricing its shares at the bottom of its targeted range, Reuters reports, citing two...

Indian markets plunged before recovering some ground on Tuesday as Reserve Bank of India Governor Urjit Patel’s unexpected resignation on Monday shocked investors, Reuters reports. For further direction traders were cautiously awaiting results from crucial state...

SoftBank Group Corp. is set to raise 2.65 trillion yen (US$23.5 billion) in Japan’s biggest-ever initial public offering, Reuters reports. Telco unit SoftBank Corp. priced its stock at 1,500 yen apiece, as previously indicated. It also...

The Hong Kong stock exchange said on Sunday that it has reached a deal with its counterparts in Shanghai and Shenzhen on trading by mainland investors in Hong Kong-listed companies with dual voting rights, Reuters reports....

Uber Technologies has filed paperwork for an initial public offering, Reuters reports, citing people with knowledge of the matter. The ride-hailing company filed the confidential paperwork on Thursday, moving in lock-step with its smaller US rival...

Global investors managing US$32 trillion in assets have called on governments to accelerate steps to combat climate change, Reuters reports. A total of 415 investors from across the world including UBS Asset Management and Aberdeen Standard...

Facebook Inc. will buy back an additional US$9 billion of its shares as it looks to pacify investors following a slump in its stock, Reuters reports. The social media giant’s shares, which have tumbled more than...

Hong Kong is on course to take the global IPO crown this year for the most money raised in stock market flotations, narrowly ahead of arch-rival New York, but its new listings have posted the worst...

US stocks tumbled on Tuesday, with the benchmark Dow index shedding nearly 800 points, as the bond market sent unsettling signs about economic growth and investors worried anew about global trade. A prominent Federal Reserve official’s...

Fosun International (00656.HK) is looking to raise up to US$548 million with the IPO of its Club Med holiday business in Hong Kong, as it seeks funds to grow its business in China, Reuters reports. Fosun...

Japan’s stockbrokers are rubbing their hands ahead of SoftBank’s record-breaking US$21 billion share sale, banking on the telco’s brand power and unprecedented marketing campaign to boost business in a country replete with IPO-hungry investors. ….. Update:...

Allianz chief economic adviser Mohamed El-Erian said cryptocurrencies are here to stay despite a prolonged slump this year, and will gain wider acceptance after the recent entry of more institutional investors in the space. El-Erian said...

Bitcoin plunged more than 12 percent, extending falls in recent weeks in a broad-based selloff in digital currencies as sentiment sours, Reuters reports. Several factors have accelerated the downturn, analysts said, including increased US regulatory scrutiny...

Speculators are staging a forceful comeback in China’s stock market, bidding up shares in loss-making companies, as regulators ease rules around trading, fundraising and backdoor listings to prop up struggling bourses. In a bid to stop...

Levi Strauss & Co., the 145-year-old company that made the first pair of blue jeans, is planning an initial public offering, CNBC reports, citing sources familiar with the matter. The company, which plans to raise about...