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BANKS are making huge profits from gold as investors flood into a market fractured by the coronavirus crisis.
This follows early assessment of investor interest
JACK Ma’s Ant Group is seeking to raise at least $35 billion in its initial public offering after assessing early investor interest, people familiar with the matter said, putting the Chinese fintech giant on track for a record debut sale.
NEW YORK: Investors are gearing up for the year’s record-breaking pace of corporate bond issuance to continue in the coming week, even after the US Federal Reserve rattled nerves at its September meeting with a gloomier-than-expected economic outlook.
NEW YORK: Bank of America Corp chief executive Brian Moynihan called for another round of federal stimulus to help the United States reach a full economic recovery from the coronavirus pandemic.
HONG KONG: Chinese online short video start-up Kuaishou aims to raise up to $5 billion in a Hong Kong initial public offering (IPO) as early as January.
GLOBAL central bankers are discovering that monetary policies they once viewed as unconventional and temporary are now proving to be conventional and long-lasting.
TOKYO: SoftBank Group Corp.’s bankers have received orders for all 1.3 trillion yen (US$12bil) of the domestic wireless unit’s stock they are selling and will probably place an over-allotment, according to people familiar with the matter.
LONDON: If fund managers are serious about clean investments, they need to get their hands dirty.