China’s Xiaomi prices HK IPO at bottom of range, raises $4.72 billion: sources
HONG KONG (Reuters/IFR) – China’s Xiaomi Corp priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world’s biggest tech float in four years, people close to the transaction said on Frida…
Novartis to spin off Alcon, will buy back $5 billion in shares
ZURICH (Reuters) – Novartis unveiled its long-expected plan to spin off all of its Alcon eye care devices business and launch a share buyback of up to $5 billion as the company sharpens its focus on prescription drugs, it said on Friday.
Embattled ZTE to unveil new board in step toward U.S. ban lift
SHENZHEN/HONG KONG (Reuters) – Chinese telecoms giant ZTE Corp is expected to announce a radical management overhaul following a shareholder meeting on Friday, in line with conditions laid out in a $1.4 billion settlement deal to lift a crippling U.S. …
China’s Xiaomi prices Hong Kong IPO at bottom of range: sources
HONG KONG (Reuters/IFR) – Chinese smartphone maker Xiaomi Corp priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, said people close to the transaction.
Asian shares rally on China rebound; trade worries linger
SHANGHAI (Reuters) – Asian share markets rallied from nine-month lows on Friday, after China eased foreign investment limits, but underlying sentiment was dampened by worries over trade frictions a week before initial U.S. and Chinese tariffs were set …
Amazon, H&M and other multinationals pressing to soften Indian state’s plastic ban
MUMBAI (Reuters) – Multinational companies like Amazon Inc and H&M are lobbying to soften a ban against single-use plastic imposed by an Indian state last week, according to four sources familiar with the matter.
Trump says SoftBank Son’s U.S. investment hitting $72 billion
MT. PLEASANT, Wis. – U.S. President Donald Trump said on Thursday SoftBank Group Corp Chief Executive Masayoshi Son is increasing his investment in the United States to $72 billion, significantly more than the $50 billion he had previously pledged.
China’s penetration of Silicon Valley creates risks for startups
SAN FRANCISCO (Reuters) – Danhua Capital has invested in some of Silicon Valley’s most promising startups in areas like drones, artificial intelligence and cyber security. The venture capital firm is based just outside Stanford University, the epicente…
China Tower wins approval for Hong Kong IPO of up to $10 billion: sources
HONG KONG (Reuters/IFR) – China Tower, the world’s largest mobile mast operator, has won approval in Hong Kong for an IPO that could raise up to $10 billion, according to people familiar with the situation.
Trump says SoftBank’s Son increasing U.S. investment
MT. PLEASANT, Wis. – U.S. President Donald Trump said on Thursday SoftBank Group Corp Chief Executive Masayoshi Son is increasing his investment in the United States to $72 billion, significantly more than the $50 billion he had previously pledged.
