The Industrial and Commercial Bank of China has been hit by a cyberattack, forcing it to trade using USB sticks in New York. Also, violent protests continue in Bangladesh over pay for garment workers. ( read original story ...)
Strong Deliveries Have Driven Li Auto Stock Up 40% In The Last Six Months. What’s Next?
All three models appear to be seeing strong demand with Li indicating that it has led the sales chart of SUVs priced above RMB300,000 ($42,000) for six conservative ( read original story ...)
Suspected Russian hackers disrupted the market in U.S. Treasuries by attacking China’s—and the world’s—largest bank
Signage atop an Industrial & Commercial Bank of China Ltd. branch in Shanghai. The financial services arm was the victim of a cyberattack on Thursday. Qilai Shen—Bloomberg via Getty Images So much for ... ( read original story ...)
Syngenta’s IPO Delay Darkens Outlook for 2023 Asia Pipeline
China has been the main source of big-ticket listings in Asia this year, with eight of the top 10 taking place in the country. IPOs in mainland China have raised $53 billion in 2023, down 37.6% from the same period in 2022, according to data compiled by Bloomberg. That’s in line with the nearly 40% ...
The Year’s Biggest Prospective IPO Is Postponed
Syngenta, the giant seed and pesticide specialist, said a listing in Shanghai won’t happen this year, the latest delay in its long pursuit of a blockbuster initial public offering. The Swiss company blamed weak market conditions. ( read original story ...)
Exclusive-Geely’s Zeekr edges closer to US IPO, to make filing public this week – sources
Zeekr, Chinese automaker Geely's premium electric car brand, will this week publicly release some details of its plans to list shares in New York, according to two sources with direct knowledge of the matter, ( read original story ...)
Stock market today: : Asian shares fall after bond market stress hits Wall Street
The Hang Seng in Hong Kong dropped 1.5% to 17,245.07 and the the Shanghai Composite index slipped 0.7% to ... High rates and yields have been the main driver for the stock market for months because they hurt prices for investments, slow the economy and ... ( read original story ...)