With the robust gains of 2023 in the rear view mirror, Wall Street was poised to open with losses on the first trading day of 2024.Futures for the S&P 500 lost 0.8% before the bell Tuesday, while ... ( read original story ...)
M&As Overtake IPOs as Main Route for China’s Venture Capitalists to Recoup Funds
With the tougher IPO climate, more companies are carefully considering M&As as investors seek to recoup their investment, said Chen Jie, the executive in charge of global M&As at the investment ... ( read original story ...)
HSBC Announces Completion of Its Retail Banking Sale to Cerberus in France
HSBC Bank has sold its retail banking business to New York-headquartered Cerberus Capital Management, a private equity company. The deal also includes the sale of HSBC SFH (France) S.A. and the ... ( read original story ...)
Over 1,000 Chinese Firms Registered for Pre-IPO Tutoring Last Year Despite Sluggish Capital Market
(Yicai) Jan. 2 -- More than 1,000 Chinese companies registered for pre-listing tutoring last year despite the sluggish capital market and stricter reviews on initial public offerings, according to the ... ( read original story ...)
Stock market today: Asian markets are mixed on the first trading day of 2024
Asian markets were mostly lower Tuesday following the release of data showing more signs of weakness in the Chinese manufacturing and property sectors. U.S. futures were higher and oil prices gained ... ( read original story ...)
Stock market today: Asian markets mostly slip on the first trading day of 2024
Asian markets opened the year on a downward trend after Wall Street benchmarks ticked lower on the last trading day of 2023. U.S. futures were mixed and oil prices were ... ( read original story ...)
Chinese fintech giant Ant Group gets approval for no-controller status, ending Jack Ma’s reign before seeking IPO
The People’s Bank of China announced on Saturday that Alipay.com Co has no controller, paving the way for owner Ant Group’s IPO. ( read original story ...)