Ride-hailing giant Didi Global (DIDI.N) said it will delist from the New York stock exchange just five months after its debut and pursue a listing in Hong Kong – having raised the ire of Chinese regulators for ignoring a request to put its U.S. IPO on hold.
Valuations of startups in Southeast Asia, home to popular online platforms such as Grab and Sea (SE.N), have become irrational due to heavy capital inflows from global investors, a partner at venture capital firm Golden Gate Ventures told Reuters.
Chinese developer Kaisa Group Holdings Ltd (1638.HK) is unlikely to win bondholders’ approval to extend the maturity of a $400 million bond due next week, analysts say, heaping more pressure on other indebted peers.
A $12 billion takeover proposal for Telecom Italia by private equity giant KKR has highlighted an ‘Italian discount’, which a surge in investor interest and a European fund aimed at supporting its struggling economy could help narrow.
Airlines are bracing for a fresh round of volatility due to the Omicron variant of COVID-19 that could force them to adjust schedules and destinations at short notice and to rely more on domestic markets where possible, analysts say.
Australia and New Zealand Banking Group (ANZ.AX) has been sued by a law firm for charging interest on some purchases by credit card holders which were repaid on time for nearly a decade, the parties said on Wednesday.
Japan’s new political leadership is calling on the country’s financial bureaucrats to ramp up efforts toward issuing a digital currency, pointing to China’s far quicker progress as a potential challenge to the global economic order.
China’s banking and insurance regulator on Tuesday issued new rules governing the risk management of insurance groups, which will step up supervision, limit holdings of non-core units and regulate their investments in other companies.
Germany’s incoming Finance Minister Christian Lindner on Tuesday vowed to champion solid public finances and a reduction of debt levels across the euro zone so that the European Central Bank (ECB) could fight inflation without hesitation if needed.
U.S. stock index futures fell sharply on Tuesday after a warning from vaccine maker Moderna’s chief executive on the effectiveness of COVID-19 shots against the Omicron variant hammered travel, energy and banking shares.
Ride-hailing giant Didi Global (DIDI.N) said it will delist from the New York stock exchange just five months after its debut and pursue a listing in Hong Kong – having raised the ire of Chinese regulators for ignoring a request to put its U.S. IPO on hold.
Valuations of startups in Southeast Asia, home to popular online platforms such as Grab and Sea (SE.N), have become irrational due to heavy capital inflows from global investors, a partner at venture capital firm Golden Gate Ventures told Reuters.
Chinese developer Kaisa Group Holdings Ltd (1638.HK) is unlikely to win bondholders’ approval to extend the maturity of a $400 million bond due next week, analysts say, heaping more pressure on other indebted peers.
A $12 billion takeover proposal for Telecom Italia by private equity giant KKR has highlighted an ‘Italian discount’, which a surge in investor interest and a European fund aimed at supporting its struggling economy could help narrow.
Airlines are bracing for a fresh round of volatility due to the Omicron variant of COVID-19 that could force them to adjust schedules and destinations at short notice and to rely more on domestic markets where possible, analysts say.
Australia and New Zealand Banking Group (ANZ.AX) has been sued by a law firm for charging interest on some purchases by credit card holders which were repaid on time for nearly a decade, the parties said on Wednesday.
Japan’s new political leadership is calling on the country’s financial bureaucrats to ramp up efforts toward issuing a digital currency, pointing to China’s far quicker progress as a potential challenge to the global economic order.
China’s banking and insurance regulator on Tuesday issued new rules governing the risk management of insurance groups, which will step up supervision, limit holdings of non-core units and regulate their investments in other companies.
Germany’s incoming Finance Minister Christian Lindner on Tuesday vowed to champion solid public finances and a reduction of debt levels across the euro zone so that the European Central Bank (ECB) could fight inflation without hesitation if needed.
U.S. stock index futures fell sharply on Tuesday after a warning from vaccine maker Moderna’s chief executive on the effectiveness of COVID-19 shots against the Omicron variant hammered travel, energy and banking shares.
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