Tencent Music files for U.S. IPO, first-half revenue surges
Tencent Music Entertainment, which owns China’s most popular music apps, has filed for a U.S. IPO seeking funds to develop content and new services, in what is expected to be one of the biggest U.S. listings by a Chinese company this year.
Renault-Nissan, Daimler mull extending alliance to autonomous, battery tech
Renault-Nissan and Daimler may expand their cooperation to battery and autonomous cars technology and mobility services, the companies said on Wednesday.
Aston Martin skids on market debut
Shares in luxury automaker Aston Martin fell as much as 6.5 percent on their market debut in London on Wednesday as investors and analysts raised concerns over its ability to deliver an ambitious roll-out of new models.
Italy budget concession hopes switch risk sentiment back on, boost euro
The euro bounced off six-week lows on Wednesday, European shares rose and Italian bonds rallied as some of the worries that have rippled across markets this week were soothed by signs Rome was amenable to cutting budget deficits and debt in coming year…
Instagram back up after worldwide outage
Facebook Inc’s photo-sharing social network Instagram is back up for some users on Wednesday, after suffering a worldwide outage days after it installed a new head of the app.
Oil rises toward four-year high as Iran sanctions loom
Oil traded above $85 a barrel and near a four-year high on Wednesday, supported by expectations that U.S. sanctions on Iran will tighten supply and strain the ability of Saudi Arabia and other producers to pump more.
Instagram hit by outage in several cities
Facebook Inc’s photo-sharing social network Instagram was not working on Wednesday for users across several cities, including London, San Francisco and Singapore.
Euro lifted off six-week low by Italian budget speculation
The euro rebounded on Wednesday after reports that Italy plans to reduce its budget deficit over the next three years, but traders said the rally could be short-lived.
Aston Martin shares open flat at 19 pounds per share in London debut
Shares in luxury carmaker Aston Martin opened flat at the offer price of 19 pounds ($24.70) per share in its London debut on Wednesday.
Oil edges up on Iran sanctions, but U.S. supply and strong dollar weigh
Oil prices edged up on Wednesday on expectations of tighter markets once U.S. sanctions target Iran’s petroleum industry from next month, although a strong dollar and rising U.S. crude supply curbed gains.
