SoftBank becomes first Japan firm to forgo IPO price range, keeps view at 1,500 yen
SoftBank chalked up another first in Japan on Friday, setting a single indicative price of 1,500 yen for its telco IPO rather than a price range as usual, pegging the deal at 2.4 trillion yen ($21.16 billion) in the country’s biggest-ever listing.
Frankfurt prosecutor says Deutsche Bank raid continues for second day
A police raid of Deutsche Bank’s headquarters in Frankfurt and other offices continued for a second day on Friday over money laundering allegations linked to the Panama Papers, a spokeswoman for the Frankfurt prosecutor’s office said.
U.S. files criminal charges against Autonomy’s Mike Lynch over HP sale: FT
The United States has filed criminal charges against Mike Lynch over the $11 billion sale of the British software company Autonomy to Hewlett-Packard seven years ago, the Financial Times reported on Friday.
Brent oil edges up on expected OPEC cuts; U.S. crude weaker amid swelling supply
Brent oil prices firmed on Friday on expectations that OPEC and Russia will agree some form of production cut next week, while U.S. crude was weaker due to swelling inventories.
SoftBank sets indicative IPO price at 1,500 yen, unchanged from initial estimate
SoftBank chalked up another first in Japan on Friday, setting a single indicative price of 1,500 yen for its telco IPO rather than the usual range, pegging the share sale at 2.4 trillion yen ($21.16 billion) in the country’s biggest-ever listing.
Optional warning light could have aided Lion Air engineers before crash: experts
An optional warning light could have alerted engineers about mechanical faults on Lion Air’s Boeing 737 MAX jet that crashed last month, experts said, sparking an industry debate over whether installing the system should become mandatory.
China says it hopes U.S. can show sincerity on trade
China’s Foreign Ministry said on Friday it hoped the United States could show sincerity and meet it halfway on trade, ahead of a meeting this weekend between the two countries’ leaders that could be key to resolving their trade war.
Chinese sneeze could give Europe Inc. a nasty flu
With sluggish growth translating into the most disappointing earnings in years, European stocks are set for a tough ride if a full blown Sino-U.S. trade war erupts following Presidents Donald Trump and Xi Jinping’s G20 dinner on Saturday.
Japan-France spat over Nissan-Renault brews as Ghosn remains jailed
Japanese Prime Minister Shinzo Abe and French President Emmanuel Macron were arranging to meet on the sidelines of the G20 summit meeting, media said, amid signs of a brewing diplomatic feud over the power balance at the troubled Renault-Nissan allianc…
SoftBank sets indicative IPO price at 1,500 yen share, unchanged from initial estimate
SoftBank Corp has set an indicative price of 1,500 yen ($13.23) per share for its IPO, a regulatory filing showed on Friday, making the deal worth 2.4 trillion yen ($21.16 billion) in one of the world’s biggest-ever listings.
