(Reuters) -Chinese beauty brand Mao Geping on Monday set the price for its shares at the top of the range, as it looks to raise $270 million in a Hong Kong initial public offering. The company is selling 70.6 million shares and put a price range of HK$26.30 to HK$29.80 when the deal was launched. …
Chinese cosmetics firm Mao Geping prices shares at top of range in Hong Kong IPO Read More »
SHANGHAI/BEIJING (Reuters) – China’s top electric vehicle maker BYD gained market share as the world’s largest auto market recorded its fastest-growing month in 2024, setting BYD up to exceed its global annual sales goal and overtake Ford and Honda. BYD has been on an extraordinary expansion this year, growing capacity and undertaking a massive hiring …
BYD on track to top 2024 sales goal and outsell Ford, Honda Read More »
By Philip Blenkinsop BRUSSELS (Reuters) – Chinese companies in the European Union say business conditions have worsened for a fifth consecutive year, with a rise in geopolitical tensions and anti-Chinese sentiment hampering operations, according to a survey published on Monday. The survey for the China Chamber of Commerce to the EU, carried out by consultants …
Business conditions tougher, Chinese firms in EU say, amid global tensions Read More »
BEIJING (Reuters) – Chinese electronics maker Xiaomi said on Monday that it expects to launch its first SUV, the YU7, next June or July as it ventures deeper into China’s competitive auto market. The company announced the launch on China’s social media platform Weibo alongside an image of the YU7 parked beside its first electric …
China’s Xiaomi to launch new SUV next summer amid rising demands Read More »
(This Dec. 6 story has been corrected to say foreign investors turned net ‘buyers,’ not ‘sellers,’ in paragraph 5) By Manvi Pant and Hritam Mukherjee (Reuters) – The Indian unit of South Korea’s LG Electronics filed for an initial public offering on Friday to cash in on the country’s growing demand for consumer durables amid …
LG Electronics’ India arm files for IPO amid strong consumer durables demand (Dec 6) Read More »
TAIPEI (Reuters) – Intel should have focused on artificial intelligence rather than trying to become a contract chipmaker, the founder of Taiwan Semiconductor Manufacturing Co said on Monday, in relation to the recent departure of Intel’s CEO. Morris Chang, at an event to launch his autobiography, said he did not know why Pat Gelsinger left …
Intel should have focused on AI rather than chipmaking, TSMC founder says Read More »
(Reuters) – DBS Group said on Monday that Han Kwee Juan, currently Singapore country head, will be group head of institutional banking from Jan. 1. Juan will succeed Deputy CEO Tan Su Shan, who will become CEO when Piyush Gupta retires, as planned, on March 28, 2025, the company said. DBS said Lim Him Chuan …
Singapore’s DBS names Han Kwee Juan as group head of institutional banking Read More »
By Kevin Yao and Ellen Zhang BEIJING (Reuters) -China will adopt an “appropriately loose” monetary policy next year, the first easing of its stance in some 14 years, alongside a more proactive fiscal policy to spur economic growth, the Politburo was quoted as saying on Monday. China will step up “unconventional” counter-cyclical adjustments, focusing on …
China vows to ramp up policy stimulus to spur growth in 2025 Read More »
SHANGHAI/HONG KONG (Reuters) -Stocks jumped and China’s government bonds rallied after the Politburo shifted its monetary policy stance to imply more easing is coming, mirroring moves made in previous crises. Benchmark 10-year yields fell about four basis points to 1.922%, a record low. Hong Kong’s Hang Seng index jumped 2.8% to its highest in a …
China Politburo policy shift spurs surge in stocks, bonds Read More »
(Reuters) – Japanese investors sold overseas stocks for a second consecutive month in November as they sought to capitalize on robust gains in global equities, particularly as U.S. stocks reached record highs. According to data from Japan’s Ministry of Finance, these investors net sold 1.22 trillion yen ($8.12 billion) worth of overseas stocks last month, …
Japanese investors sold overseas equities for second straight month in November Read More »
