Alibaba’s books close early in $13.4 billion Hong Kong listing: sources
Alibaba will close its order books early to prospective institutional investors as part of its $13.4 billion secondary listing in Hong Kong, according to two people with direct knowledge of the matter.
Coty bets $600 million on Kylie Jenner beauty brands
Coty Inc said on Monday it would pay $600 million for a majority stake in Kylie Jenner’s make-up and skincare businesses, as it looks to tap into the reality TV star’s huge social media reach, driving shares in the company up 5%.
T-Mobile CEO Legere to step down next year, shares slip
T-Mobile US Inc said on Monday Chief Executive Officer John Legere will step down on April 30 in favor of Chief Operating Officer Mike Sievert but not before completing its merger with U.S. rival Sprint Corp .
Global trade umpire: the next casualty of Trump’s tariff war?
U.S. President Donald Trump has upended the global trade order with a slew of tariffs on economic rivals: now, Washington has redoubled its efforts to paralyze the very body designed to settle such disputes.
Wall Street set for weak open after report dents trade optimism
Wall Street’s main indexes were set for a subdued open on Monday after a report stoked fresh fears over the possibility of a U.S.-China trade deal.
Shares inch towards record high as China trims key rate
World shares were within touching distance of a record high on Monday, after Beijing surprised markets by trimming a key interest rate for the first time since 2015.
Hong Kong’s Best Mart 360 to keep stores open despite attacks
Best Mart 360’s chairman said on Monday he would keep every one of the popular Hong Kong snack food chain’s stores open, despite them being repeatedly damaged during anti-government protests.
HP down 5% after Xerox bid rejection, counter offer hints
Shares of HP Inc fell as much as 5% on Monday after the personal computer maker rejected a buyout offer from Xerox Holdings Corp , and indicated it might instead make its own offer to take over the U.S. printer maker.
SoftBank to create $30 billion tech giant via Yahoo Japan, Line Corp deal
SoftBank Corp plans to merge internet subsidiary Yahoo Japan with messaging app operator Line Corp to create a $30 billion tech group, as it strives to compete more effectively with local rival Rakuten and U.S. tech powerhouses.
Banks and funds lower red flags on supercharged stocks
A raft of major banks and fund managers have upgraded their view on global equities, with emerging-market stocks their top pick to benefit from signs of easing in the Sino-U.S. trade dispute.
