AB InBev Asia unit’s strong Hong Kong debut to boost IPO outlook amid political protests
AB InBev’s Asia-Pacific unit , which raised about $5 billion after relaunching its IPO this month, rose more than 6% on its market debut in Hong Kong, easing concerns of the impact of ongoing anti-government protests on new share offerings.
Fashion retailer Forever 21 files for bankruptcy
Fashion retailer Forever 21 Inc filed for Chapter 11 bankruptcy on Sunday as it joined a growing list of brick-and-mortar players who have succumbed to the onslaught of e-commerce.
Asian shares mostly flat, Japan hurt by Sino-U.S. tensions
Asian stock markets, including China’s, were little changed on Monday, shrugging off news that the U.S. administration is considering delisting Chinese companies from U.S. stock exchanges.
Oil prices climb as positive China factory data eases demand concerns
Oil prices edged up on Monday after China’s factories unexpectedly ramped up production in September, easing concerns about demand at the world’s largest crude importer amid an ongoing trade war with the United States.
GM and UAW union to continue talks on Monday
General Motors Co and the United Auto Workers (UAW) will continue talks on a new labor deal on Monday after they were unable to agree on a contract over the weekend, the union said.
AB InBev Asia unit gains 4% in Hong Kong debut after relaunching IPO
Shares in AB InBev’s Asia-Pacific unit , which last week raised about $5 billion after relaunching its initial public offering (IPO), gained as much as 4% on their market debut in Hong Kong on Monday.
Forever 21 files for bankruptcy
Fashion retailer Forever 21 Inc said on Sunday it has filed for Chapter 11 bankruptcy protection to restructure its business, joining a growing list of brick-and-mortar players who have taken a hit from fierce e-commerce competition .
AB InBev Asia unit set to open up 1.5% in Hong Kong debut
Shares in AB InBev’s Asia-Pacific unit Budweiser Brewing Company APAC Ltd were set to open up 1.5% on their market debut in Hong Kong on Monday.
Record U.S. tariff award over Airbus aid could fuel trade tensions
Transatlantic trade ties face renewed disruption this week when global arbiters are expected to grant the United States a record award allowing it to hit European imports with billions of dollars of tariffs in a long-running aircraft subsidy dispute.
Asian shares, yuan off to calm start; focus on China
Asian shares and the Chinese yuan were off to a cautious start on Monday as investors looked to how Chinese financial markets will react to the news the U.S. administration is considering delisting Chinese companies from U.S. stock exchanges.
