Three Chinese mainland companies made stellar trading debuts on the Hong Kong stock exchange on Tuesday, burnishing the city’s credentials as the world’s top fundraising market. All three companies’ shares opened higher, with watch designer and manufacturer Shenzhen Hipine Precision leading the surge, opening with a 184 per cent gain from its offer price of…
MINNEAPOLIS (AP) — Minnesota regulators voted unanimously Friday to approve an investment group’s takeover of a power company over the objections of the state attorney general, big industrial electricity buyers and consumer advocates. In voting for the takeover of Duluth-based Minnesota, the five members of the Minnesota Public Utilities Commission said they believe the conditions…
By Hadeel Al Sayegh DUBAI (Reuters) -China’s biggest state banks are lending billions to Aramco’s Jafurah gas project, though its funds have passed on the opportunity to invest in the venture, three people familiar with the matter said. Chinese banks provided more than a third of the financing for what will potentially be the biggest…