Alibaba’s $13.4 billion bookbuild covered multiple times: sources
Alibaba’s $13.4 billion institutional bookbuild for its Hong Kong listing is already covered “multiple times,” according to a message sent to investors and verified by sources with direct knowledge of the matter.
China’s JD.com beats quarterly revenue estimates, shares rise
China’s JD.com Inc beat analysts’ estimates for quarterly revenue on Friday, boosted by stronger sales in its core e-commerce business, sending its shares up nearly 7% before the bell.
Oil prices dip on concerns about rising supplies
Oil prices fell on Friday fueled by concerns about rising supplies next year, although losses were checked by signs of progress toward ending the U.S.-Chinese trade row.
Automakers around world await Trump tariff decision
Automakers around the world are awaiting a decision from U.S. President Donald Trump on whether he will impose up to 25% tariffs on U.S. car and auto part imports after a 180-day review period elapsed this week.
U.S. trade groups raise alarm over Canadian digital services tax
More than a dozen U.S. trade groups and the U.S. Chamber of Commerce on Friday urged the Trump administration to block a French-style digital services tax proposed by Canadian Prime Minister Justin Trudeau during October’s election.
AirAsia to sell tickets on other airlines as part of online push
Malaysian budget carrier AirAsia Group Bhd said on Friday it would sell flights on more than 100 other global airlines as part of a push to boost revenues.
Jet grounding and delays overshadow Dubai Airshow
An eight-month crisis over the grounding of Boeing’s 737 MAX jets and widespread industrial delays are setting an unpredictable backdrop to next week’s Dubai Airshow, with some airlines reviewing fleet plans even as others look for bargains.
U.S.-China trade hopes revive stocks, protests leave scars
Hopes of a U.S.-China trade deal turned world stock markets and other risk assets higher on Friday, though an escalating wave of global protests from Hong Kong to Chile left some deep scars.
Hong Kong confirms economy fell into recession amid protests, trade war
Hong Kong sank into recession for the first time in a decade in the third quarter, government data confirmed on Friday, weighed down by increasingly violent anti-government protests and the escalating U.S.-China trade war.
Oil rises amid optimism over OPEC supply cuts, hopes on U.S.-China trade
Oil prices gained on Friday after OPEC’s forecast for oil demand next year fueled hopes that the producer group and allies will maintain supply cuts when they meet to discuss policy on output next month.
