SYDNEY (Reuters) – South Korean IT services provider LG CNS started bookbuilding on Monday to raise up to $817 million in an initial public offering (IPO), according to a term sheet reviewed by Reuters. There are 19.37 million shares being sold in the deal in a price range of 53,700 to 61,900 Korean won, the …
South Korea’s LG CNS launches IPO for up to $817 million, term sheet says Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. The first full trading week of 2025 kicks off in Asia on Monday with the sharp slide in China’s currency and bond yields, an increasingly tense and fluid political situation in South Korea and a blocked U.S.-Japanese corporate merger all vying …
Morning Bid: China two-year yield eyes fall below 1.00% Read More »
(This Jan. 4 story has been refiled to remove repetitive paragraphs) By Ann Saphir (Reuters) – Two Federal Reserve policymakers on Saturday said they feel the U.S. central bank’s job of taming inflation is not yet done, but also signaled they do not want to risk damaging the labor market as they try to finish …
Fed’s Kugler, Daly say job not done on inflation Read More »
(Reuters) -United Airlines said on Sunday it expects to begin testing Elon Musk’s Starlink in February for in-flight internet services, and to first offer the connectivity on a commercial flight operated by Embraer E-175 aircraft this spring. The airline plans to outfit its entire two-cabin regional fleet with the service by the end of 2025 …
United Airlines to bring Musk’s Starlink on flights by spring Read More »
By Lewis Krauskopf NEW YORK (Reuters) -The stock market faces its first major test of the year in the coming week, with investors counting on the U.S. jobs report to show a stable but not overheated economy that underpins expectations for equity gains in 2025. Stocks wobbled at the end of December and the start …
US jobs report poses first big stocks test of 2025 Read More »
By Niket Nishant and Manya Saini (Reuters) -Shares of Fannie Mae and Freddie Mac, the mortgage giants under U.S. government control since 2008, surged to multi-year highs on Friday after federal agencies revealed a framework for their “orderly” release from conservatorship. The U.S. Treasury Department and the Federal Housing Finance Agency (FHFA) said on Thursday …
Fannie Mae, Freddie Mac shares surge after federal agencies reveal privatization path Read More »
By Stephen Culp NEW YORK (Reuters) -U.S. stocks rebounded on Friday as investors neared the end of a holiday-shortened week that also rang in a new year, which brought with it expectations of additional Federal Reserve rate cuts and looser regulatory policies from the incoming administration. A broad rally sent all three major U.S. stock …
Wall Street ends sharply higher with assist from tech; investors eye Trump policies Read More »
By Manya Saini and Niket Nishant (Reuters) -Citigroup’s stock could double in value over the next three years as profits surge, expenses moderate, and the “most significant” reorganization in five decades improves management accountability, Wells Fargo analysts wrote in a note on Friday. The third-largest U.S. lender is the brokerage’s “dominant pick” among large-cap banks …
Wells Fargo says ‘dominant pick’ Citi’s stock could double in three years Read More »
By Jonathan Stempel NEW YORK (Reuters) – PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to Black and Hispanic applicants, costing her millions of dollars. Thursday’s complaint by Nisha Desai and her New York-based venture capital …
PayPal accused of racial bias against Asian Americans in funding program Read More »
By David Shepardson, Tim Kelly, Andrea Shalal WASHINGTON/TOKYO (Reuters) -U.S. President Joe Biden blocked Nippon Steel’s proposed $14.9 billion purchase of U.S. Steel on Friday, citing national security concerns, dealing a potentially fatal blow to the contentious plan after a year of review. The deal was announced in December 2023 and almost immediately ran into …
Biden blocks takeover of U.S. Steel by Japan’s Nippon Steel Read More »
