New Issues

Bond investors give Tesla a $1.8 billion endorsement

Bond investors give Tesla a $1.8 billion endorsement

Published 12/08/2017

Bond investors on Friday gave a $1.8 billion boost to Tesla Inc's (TSLA.O) balance sheet by snapping up the electric car maker's first foray into the U.S. junk bond market, where yield-hungry investors have raced to lock in relatively higher returns. [more…]

S&P 500 to exclude Snap after voting rights debate

S&P 500 to exclude Snap after voting rights debate

Published 01/08/2017

The front of the New York Stock Exchange (NYSE) with a Snap Inc. logo hung on the front of it stands shortly before the company's IPO in New York, U.S., March 2, 2017.

The S&P 500 .SPX will start excluding companies that issue multiple classes of shares, managers of the index said on Monday, a move that effectively bars Snap Inc (SNAP.N) after its decision to offer stock with no voting rights.

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China`s Lufax to launch first overseas platform in Singapore

China`s Lufax to launch first overseas platform in Singapore

Published 17/07/2017

FILE PHOTO - A booth of Lufax is seen during an exhibition in Beijing, China, August 4, 2016. Picture taken August 4, 2016.

Chinese online wealth management giant Lufax will launch its first overseas platform in Singapore, the company said on Monday, as a more welcoming regulatory environment gave the city state an edge over neighboring Hong Kong.

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UK`s Equiniti to buy Wells Fargo`s share registration unit for $227 million

UK`s Equiniti to buy Wells Fargo`s share registration unit for $227 million

Published 12/07/2017

The sign outside the Wells Fargo & Co. bank in downtown Denver April 13, 2016.

Britain's Equiniti Group Plc said it would buy Wells Fargo & Co's share registration business for $227 million as it looks to enter the United States, the largest and most active share registration market.

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Gaming firm Razer seeks Oct HK IPO at up to $5 billion valuation: source

Published 12/07/2017

Razer Inc, a gaming hardware maker backed by Intel Corp and Hong Kong billionaire Li Ka-shing, plans to go public toward the end of October in an IPO that will value the company at up to $5 billion, a person familiar with the deal said on Wednesday.

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China`s Wanda steps back from theme park, hotel drive with $9.3 billion Sunac deal

China`s Wanda steps back from theme park, hotel drive with $9.3 billion Sunac deal

Published 10/07/2017

FILE PHOTO: Sunac China Holdings Ltd logo is seen during a exhibition in Hangzhou, Zhejiang province, China, May 25, 2015. Picture taken May 25, 2015. China Daily/via REUTERS/File Photo

Dalian Wanda Group said it would sell Chinese tourism projects and hotels to Sunac China for $9.3 billion, marking a step back for the property giant from its theme park ambitions.

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Big financial woes linger in Illinois` new budget

Big financial woes linger in Illinois` new budget

Published 10/07/2017

FILE PHOTO: An aerial view shows the skyline and lakefront of Chicago, Illinois, August 14, 2014. REUTERS/Jim Young

Illinois' first budget after two years is filled with partial outlines to address its debt-ridden pension system and unpaid bill backlog -- signs that political fighting and the fiscal mess in the nation's fifth-largest state are far from over.

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Hillhouse Capital plans new yuan fund to tap demand for China exposure: sources

Published 07/07/2017

Hillhouse Capital Group, an early investor in top Chinese technology firms including Tencent, Baidu and JD.com, plans to raise a new yuan-denominated fund and is currently pitching it to prospective investors, sources familiar with the plans said.

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Short seller Cohodes hits Canada again with latest target: Exchange Income

Published 05/07/2017

Short seller Marc Cohodes, who has bet against the shares of six Canadian-based companies including Valeant Pharmaceuticals International Inc and Home Capital Group Inc, said on Wednesday that he is targeting yet another Canadian firm - Exchange Income Corp.

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Brisk trade mark launch of China, Hong Kong bond connect scheme

Brisk trade mark launch of China, Hong Kong bond connect scheme

Published 03/07/2017

Hong Kong Chief Executive Carrie Lam speaks at the opening ceremony of Bond Connect at Hong Kong Exchanges in Hong Kong, China July 3, 2017. REUTERS/Bobby Yip

China and Hong Kong launched a long-awaited "Bond Connect" scheme on Monday that links China's $9 trillion bond market with overseas investors, the latest step in Beijing's efforts to liberalize and strengthen the country's capital markets.

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