Overseas funds’ trading of Chinese onshore bonds via Hong Kong hit a record last month, underscoring growing interest for yuan assets amid escalating Middle East tensions.
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Overseas funds’ trading of Chinese onshore bonds via Hong Kong hit a record last month, underscoring growing interest for yuan assets amid escalating Middle East tensions.
Seven nuclear power reactors are scheduled to be completed and commissioned in China this year, state broadcaster China Central Television reported, citing the nation’s atomic energy organization’s annual report.
Industrial metals jumped to a record high on the London Metal Exchange, driven by gains in aluminum after the Middle East war disrupted supplies, as well as a recent revival in copper.
Hangzhou-based Manycore Tech, one of the so-called "Six Little Dragons" of Chinese AI startups, surged as much as 187% during its trading debut in Hong Kong. Its co-founder and chairman Victor Huang, who previously worked at Nvidia, says Manycore plans to integrate new technologies and expand into new markets. (Source: Bloomberg)
Market’s appeal among Asia money managers has eroded.
Oversea-Chinese Banking Corp. has emerged as the preferred bidder to buy HSBC Holdings Plc’s retail assets in Indonesia, people familiar with the matter said, as the Singaporean lender seeks to boost its presence in Southeast Asia’s largest economy.
IG International's Fabien Yip says that while the stock market "is striking new highs," it's important for investors to "look under the hood" as some corporate earnings and news "could potentially give a shock to the rally that we're seeing." (Source: Bloomberg)
Aevex Corp., a maker of military drones, raised $320 million in its initial public offering, as investment in modern defense and autonomous systems rises.
Australian Treasurer Jim Chalmers tells Bloomberg TV that the global economy faces a “really dangerous moment” as the Middle East conflict threatens to accelerate inflation and drag on activity. (Source: Bloomberg)
Netflix beat expectations for Q1 revenue and reported a big jump in earnings per share thanks in part to a termination fee related to its proposed WBD deal.
UBS Group AG’s senior wealth banker Lionel Yoong has left the Swiss firm, adding to several recent departures from the group covering Indonesia from Singapore.
Strong credit growth should have kept fourth-quarter numbers healthy at Indian banks including HDFC Bank Ltd. and ICICI Bank Ltd., though earnings may have been dented by trading losses linked to the central bank’s rupee derivatives curbs.
An oil spill in the Gulf of Mexico that soiled beaches, killed wildlife and sparked outrage from environmental groups was caused by a leaky pipeline owned by state oil company Petroleos Mexicanos, the company said.
Alamar Biosciences Inc., a maker of medical devices that detect protein biomarkers to diagnose diseases, raised $191 million in an upsized US initial public offering that priced at the top of a marketed range.
President Donald Trump says the US and Iran could clinch a permanent ceasefire, with talks between Washington and Tehran possibly resuming this weekend. Bloomberg's Laura Davison breaks down the latest. (Source: Bloomberg)
The announcement came as Netflix reported first-quarter profits that shattered expectations, which it attributed in large part to faster-than-forecast subscriber growth, a recent price increase and the $2.8 billion breakup fee it received when its deal to acquire Warner Bros. Discovery collapsed.
Oil prices fell after Donald Trump said Israel and Lebanon had agreed to a 10-day ceasefire following talks in Washington.
President Donald Trump's latest prediction on the end of the war against Iran came hours after Israel announced a ceasefire with Lebanon.
Deutsche Bank AG and Wells Fargo & Co. are among banks declaring the dollar’s war-driven haven rally is likely over as the fragile ceasefire between the US and Iran prompts investors to seek riskier assets.
Madison Air raises $2.2 billion in the largest IPO this year, and the largest from the industrial sector since 1999.
A top-performing China Asset Management Co. fund manager says the country’s artificial intelligence stocks are far from bubble territory and is bullish on opportunities across the value chain.
Kailera Therapeutics Inc., a clinical-stage biotechnology company focused on obesity, raised $625 million in an upsized initial public offering, marking the sector’s biggest US listing since 2021.
Television shopping network QVC Group filed for bankruptcy Thursday as part of a plan to cut more than $5 billion of debt, as declining viewership and a shift to online retail weighed on sales and squeezed margins.
PepsiCo shares rallied Thursday after the beverage and snack giant indicated that new products and recent price cuts had brought back wary customers, while noting that it hadn’t taken much of a hit yet from the Iran war.
EagleRock Land LLC filed for an initial public offering as the Permian Basin landowner and management company seeks to expand holdings and attract power generation, data centers and other industrial developments that could benefit from being near energy sources.