Alibaba Group said on Tuesday it was offering to buy the 36% of Cainiao it does not already own for up to $3.75 billion, abandoning plans for an initial public offering (IPO) of the logistics business ... ( read original story ...)
China’s Netclass Technology Files for Smaller U.S. IPO
By Colin Kellaher Chinese online professional-education platform Netclass Technology has revised its planned U.S. initial public offering. The ... ( read original story ...)
Stock Market News Today, 03/26/24 – Futures Higher After Monday’s Drop
U.S. futures traded higher on Tuesday morning after all three major indices – the Nasdaq 100 (NDX), S&P 500 (SPX), and the Dow Jones Industrial ... ( read original story ...)
Today’s Stock Market: Mixed Outcomes For Asian Shares While Wall Street’s Surge Takes a Pause
During Tuesday’s trading, Asia’s stock markets presented a patchwork of gains and retreats, as initial sessions of buying gave way to profit-securing sell-offs. The Nikkei 225 index of Japan, which ... ( read original story ...)
Stock market today: Asian shares trading mixed after Wall Street’s momentum cools
Hong Kong's Hang Seng jumped 1.4% to 16,703.76, while the Shanghai Composite added 0.2% to 3,031.90. In energy trading, benchmark U.S. crude fell 4 cents to $81.91 a barrel. Wall Street edged back ... ( read original story ...)
BRICS development bank aims to make $5 bln in loans in 2024
The New Development Bank (NDB), set up by the BRICS group of emerging economies, aims to make about $5 billion in loans this year, its vice president, Zhou Qiangwu, said on Tuesday. “During the ... ( read original story ...)
Chinese cities to close local financial asset exchanges to defuse risks
Four Chinese provinces and cities are shutting down their financial asset exchanges as part of efforts to crack down on illegal fundraising and rising risks in local government finances. Local ... ( read original story ...)