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(Bloomberg) — A wave of listings by Chinese companies is expected to reinvigorate trading activity in Hong Kong, with optimism growing that a robust pipeline of debuts will drive the broader stock market higher. First-time share sales in Hong Kong have raised HK$77 billion ($9.9 billion) this year through May, the most for the period…
Tesla CEO Elon Musk on Friday deflected a reporter’s effort to ask the mega-billionaire about a New York Times article detailing his alleged drug use during President Donald Trump’s campaign last year and legal drama involving some of the mothers of his children. Musk, who had led the DOGE government job-slashing initiative for Trump since…
Aegis Vopak Terminals, the provider of storage terminals for LPG and various liquid products, and Schloss Bangalore Ltd, the operator of the luxury hotels brand “The Leela” in India, are set to make their debut in the Indian stock market next week after a muted response to their initial public offerings (IPO). Aegis Vopak Terminals…
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India’s market regulator, the Securities and Exchange Board of India (Sebi) on Friday confirmed the suspension of LS Industries, its promoter, and four other individuals from participating in the securities markets until the results of an investigation into allegations of fraudulent practices and stock price manipulation. The promoter of LS Industries Profound Finance, Jahangir Panikkaveettil…
Jonathan Raa | Nurphoto | Getty Images Artificial intelligence developer Anthropic is making about $3 billion in annualized revenue, according to two sources familiar with the matter, in an early validation of generative AI use in the business world. The milestone, which projects the company’s current sales over the course of a year, is a significant jump…
Scoda Tubes IPO Allotment: The initial public offering (IPO) of stainless-steel tubes and pipes manufacturer Scoda Tubes Ltd received strong demand from investors. With the subscription period ending, focus now shifts towards Scoda Tubes IPO allotment date, which is expected to be June 2. The public issue was launched on May 28 and the bidding…
Top News India’s Gross Domestic Product (GDP) registered a robust growth of 7.4% in the January–March quarter of the financial year 2024–25, surpassing market expectations and marking the highest quarterly growth in the past year. This strong performance reflects the continued momentum in economic activity, driven by resilient domestic demand, increased government spending, and a…
In this photo illustration, Ruth Jones, Immunization Nurse, holds a Pfizer-BioNTech COVID-19 vaccine (brand name: Comirnaty) at Borinquen Health Care Center on May 29, 2025 in Miami, Florida. Joe Raedle | Getty Images The nation’s top public health agency posted new recommendations that say healthy children and pregnant women may get Covid vaccinations, removing stronger…
Fixed-income salesmen from a previous era used to rely on a safe but sound principle when hawking their products to investors. Bland is good. But boring is better. Clipping coupons, collecting interest, and enjoying predictable returns was pitched as a far better option than riding the day-to-day vagaries of the stock market. Global investors are…