Kazakhstan's Air Astana on Monday set the price range for joint stock exchange listings in the UK and its home market, preparing the ground for a float that would boost London's sluggish IPO market and raise about $120 million for the carrier.
Microsoft's early lead in artificial intelligence has the software heavyweight's stock market value poised to pull decisively ahead of Apple's over the next five years, 13 institutional investors unanimously agreed ahead of the tech titans' quarterly results this week.
The rouble hit its lowest in almost two weeks, breaching 90 to the dollar on Monday, despite support from high oil prices, state foreign currency sales and month-end tax payments that usually boost the Russian currency.
The Federal Reserve and the Bank of England, grabbing the baton from the ECB and the Bank of Japan, hold their first meetings of the year while U.S. tech giants and Europe banks report results and China's woes persist.
The British public's expectations for inflation, especially in the short term, have fallen, according to a survey that will feed into this week's debate at the Bank of England about whether to signal a move towards cutting interest rates.
Asset manager GLP Capital Partners said on Monday it had partnered with a global institutional investor in raising 10 billion Chinese yuan ($1.4 billion) for its China Income Fund XII, which would own 25 logistics and business parks in China.
Ryanair has told Boeing that if any U.S. customers refuse to take delivery of 737 MAX 10 aircraft, that it would buy them "at the right price," executives said on Monday.
Eutelsat Group on Monday lowered its financial targets for the 2023-2024 financial year as newly merged OneWeb's LEO activities were "running behind schedule".
Shell's exit from Nigeria's onshore oil sector highlights risks oil majors face in Africa's biggest exporter but has raised hopes that local firms could reverse the output decline from the Niger Delta, industry officials and analysts said.
An insurance start-up founded by three former Allianz executives that aims to guarantee companies buying carbon credits get the permits they've paid for has closed the biggest European climate-focused seed funding round in more than a year.
Alibaba (NYSE: BABA), China's largest e-commerce and cloud company, went public at $68 per American depositary share (ADS) on Sept. 18, 2014. It was valued at $169.4 billion upon its debut, making it the largest U.S. initial public offering (IPO) ever. Its stock hit an all-time h
Three U.S. service members were killed and at least 34 wounded in a drone attack by Iran-backed militants on U.S. troops in Jordan, said U.S. President Joe Biden, the first deadly strike against U.S. forces since the Israel-Hamas war erupted.
Australia's resources minister has begun a week long trip to South Korea and Japan to discuss gas exports and critical minerals opportunities, as its government on Monday released a "prospectus" of 52 investment ready critical minerals projects.
German chemicals maker Wacker Chemie reported on Monday a 60% drop in its core earnings for 2023, weighed down by lower prices along with persistently high energy costs and reduced plant-utilization rates.
Asian currencies were subdued on Monday, with continued pressure on the Indonesian rupiah on concerns the country's finance minister may resign, while Singapore's dollar was tepid after the central bank stood pat on its monetary policy, as expected.
China plans to merge three of the nation's biggest bad debt managers into sovereign wealth fund China Investment Corp (CIC) [CIC.UL], state-run Xinhua Finance News reported, as part of a plan to reform financial institutions.
A Hong Kong court on Monday ordered the liquidation of China Evergrande Group, a move likely to send ripples through China's crumbling financial markets as policymakers scramble to contain the deepening crisis.
Reuters
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