China’s Xiaomi picks Hong Kong for $10 billion IPO, lifts lid on financials
BEIJING/HONG KONG (Reuters) – Chinese smartphone and connected device maker Xiaomi is bringing its blockbuster initial public offering to Hong Kong, where it could raise about $10 billion in the largest listing globally in almost four years.
After a year of Macron, start-up hum grows at Paris’s Station F
PARIS (Reuters) – If there’s one industry Emmanuel Macron has sought to tie his political fortunes to since storming to victory in France’s presidential election last May, it’s technology.
Amazon halts plan for office tower in Seattle over proposed tax
(Reuters) – Amazon.com Inc said it has halted planning for a new office building in Seattle and might sub-lease rather than occupy another future tower downtown, pending a city council vote on a proposed tax on top businesses.
SoftBank’s Son ‘not involved’ in Sprint, T-Mobile merger approvals
TOKYO (Reuters) – SoftBank Group Corp’s Chief Executive Masayoshi Son is not involved in trying to get the proposed merger of U.S. wireless carriers Sprint Corp and T-Mobile US Inc approved, Sprint’s outgoing chief executive said on Thursday.
Fund says Wells Fargo unit worsened ‘vol-mageddon’ losses: court filing
(Reuters) – A Chicago fund manager that suffered catastrophic losses in a market plunge earlier this year has blamed the actions of its broker, a Wells Fargo & Co unit, according to court documents filed on Wednesday.
China’s Xiaomi files for mega Hong Kong tech IPO, lifts lid on financials
BEIJING/HONG KONG (Reuters) – Smartphone and connected device maker Xiaomi [IPO-XMGP.HK] filed for a Hong Kong initial public offering on Thursday that could raise $10 billion and become the largest listing by a Chinese technology firm in almost four y…
GM bets on 3D printers for cheaper and lighter car parts
DETROIT (Reuters) – General Motors Co said on Thursday it was working with design software company Autodesk Inc to manufacture new, lightweight 3D-printed parts that could help the automaker meet its goals to add alternative-fuel vehicles to its produc…
U.S. trade team arrives in Beijing for talks, China media cautious
BEIJING (Reuters) – A U.S. trade delegation arrived in China on Thursday for talks on tariffs, with state media saying China will stand up to U.S. bullying if need be and hit back, but it was better to work things out at the negotiating table.
Asia shares stricken by trade tension, dollar holds gains
SYDNEY (Reuters) – Asian shares slipped on Thursday as hopes waned for real progress in Sino-U.S. trade talks, while the U.S. dollar consolidated recent bumper gains after the Federal Reserve reaffirmed the outlook for more rate hikes.
Chinese state media cautious as U.S. delegation flies in for trade talks
BEIJING (Reuters) – Chinese state media expressed caution on Thursday ahead of key trade talks with senior U.S. officials in Beijing, saying China will stand up to U.S. bullying if needed but that it was still better to hash things out around the negot…
