It is followed by two Chinese IPOs, China Telecom’s listing in Shanghai which raised $8.4 billion and Kuaishou Technology’s listing in Hong Kong which raised $5.3 billion. Toppo added: “The TMT IPO ... ( read original story ...)
China Evergrande’s financial woes take a bite out of suppliers
Shanghai-listed Guangdong Tianan New Material warned after ... Others have been less direct in linking their problems to Evergrande. Previous financial disclosures, however, suggest they too have been ... ( read original story ...)
Sensex Tanks Over 600 Points, Nifty Trades Below 17,600; IT, Financial Stocks Top Drags
Asian shares were mostly weak as Japan's Nikkei index plunged 1.11 per cent and the Shanghai Composite index fell 0.97 per ... Sub-indices Nifty IT and Nifty Financial Services were seen ... ( read original story ...)
Stock Market Today: SGX Nifty trades higher, major Asian markets remain closed
SGX Nifty was up 0.5%, while Japanese Nikkei 225 was trading higher by 1.70% even as Chinese Shanghai Composite and Hang Seng Index at the Hong Kong witnessed no trading on Wednesday morning. In the ... ( read original story ...)
February 1st LME market: copper price rises, low inventory pushes nickel price up
LME Market: copper prices climb low inventories push nickel prices up] Copper prices on the London Metal Exchange (LME) rose on Tuesday after data showed that manufacturing activity in the euro zone, ... ( read original story ...)
China’s largest private bank faces wave of bad loans from property slump
Minsheng is one of the largest creditors of debt-ridden China Evergrande Group, and it has lent billions of yuan to other risky developers. ( read original story ...)
Salary cut, reversal of bonuses indicate China’s ‘worsening’ financial conditions
Witnessing severe belt-tightening by the government millions of Chinese civil servants are wary about around 25 per cent cut in their salaries while teachers a ... ( read original story ...)