Skip to main content

Aggregator

Stock Rotation Hits Chips, Boosts China

1 week 1 day ago
A stock-rotation trade fueled by the US midterm elections swept Asia, denting regional chipmakers and boosting unfavored markets from China to Australia. Bloomberg's Anthony Stephens reports. (Source: Bloomberg)

Oil Pushes Lower on Hopes to End US-Iran War

1 week 1 day ago
Brent oil extended its slide after tumbling more than 8% in the previous session as investors bet that a Democratic sweep in the US midterm elections could accelerate efforts to end the war in the Middle East. Bloomberg's Onur Ant reports. (Source: Bloomberg)

DIP Holding: IPO More or Less 4 Times Oversubscribed

1 week 1 day ago
DIP Holding has raised $529 million in its initial public offering, pricing at 1.12 dirhams a share. The listing is the first in the UAE since the start of the Iran war. Khalid bin Kalban, Chairman of DIP Holding spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa ahead of the company’s listing on November 11. (Source: Bloomberg)