Investment bankers in China are struggling to stay relevant after a tough year for deal-making, deep pay cuts, and widening regulatory probes that have sent a chill through the once-vibrant industry. While their peers on Wall Street are looking forward to bigger bonuses for the first time since 2021, Chinese bankers are bracing themselves for…
Canal+, the French pay-TV business being split off from Vivendi SE by billionaire Vincent Bolloré, started trading in London in the first test of a spinoff plan aimed at boosting the value of the businesses. Canal+ shares traded at £2.52 in London as of 9:05 a.m. The listing marks the first stage of Bolloré’s plan…
One of China’s best known makeup artists, Mao Geping, took his beauty company public in Hong Kong, capping a remarkable run that’s seen the former opera performer’s premium powders and lotions defy the nation’s consumer slowdown. His skincare and cosmetics firm Mao Geping Cosmetics Co., which lists Tuesday, could raise up to HK$2.1 billion ($270…
Property tycoons are lending their support to the Hong Kong IPO market for the first time in years, a move that could help fan the flames of a nascent recovery. Billionaire Robert Ng’s Sino Land Co. is one of the largest cornerstone investors in the $793 million Hong Kong listing from courier service SF Holding…
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Foreign investors are pulling record sums from Indian shares since October and piling into initial public offerings in search for better returns. Source link
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. A pall of gloom continues to hang over India’s stock market, with Nifty futures offering little respite. As…
A typhoon is brewing over Hong Kong but for the first time in decades, it’s business as usual for the city’s $5.4 trillion stock market. Traders, brokers and money managers clocked in on Thursday morning as the financial hub ended a long-standing practice of shutting its markets during severe weather, in a bid to keep…
US-China relations are shaping up to be as adversarial as expected, with President-elect Donald Trump poised to appoint two well-known China hawks for key roles as he starts to form for his “America First” cabinet. Senator Marco Rubio, who has taken a particularly aggressive approach to China’s economic rise and is one of several US…
After a lean couple of years, bankers in Asia are seeing signs of a recovery in initial public offerings. The number of Chinese firms considering public flotations in Hong Kong is increasing as the benchmark Hang Seng Index heads for its first annual gain since 2019. India has already notched up a record year in…
Analysts are rushing to recommend investors buy shares of Hyundai Motor India Ltd., a much-needed show of support after the stock’s disappointing trading debut Tuesday. The local unit of the Korean automaker now has a total of six positive recommendations, from Nomura Holdings Inc. and Macquarie Group Ltd. along with local brokers including Motilal Oswal…