SoftBank Corp. will price ¥120 billion ($800 million) of bond-type class shares at an annual dividend rate of 2.5%, the low end of the marketing range, after getting strong demand from both individual and institutional investors, said people familiar with the matter.
Huawei Technologies Co. has scored a hit in China with its latest electric vehicle, making its manufacturing partner Asia’s top stock over the past month and giving Tesla Inc. and other rivals reason to take notice.
A 26-year-old oil tanker adrift in the Indian Ocean is drawing the attention of industry watchers and maritime safety officials, the latest stark reminder of the human and environmental risks posed by a shadow fleet hauling Russian crude around the world.
Australia’s richest woman Gina Rinehart has stepped up her buying spree in Liontown Resources Ltd. to accumulate a total stake of 19.9%, close to the 20% threshold that would normally trigger a mandatory takeover offer.
Stocks in Asia rose after traders scaled back wagers on Federal Reserve rate hikes, with expectations of further China stimulus helping drive gains.
Asia’s emerging equities, excluding China, are poised to see the longest streak of foreign outflows in more than a year as expectations that US rates may remain higher for longer weighed on investor sentiment.
Metro Bank Holdings Plc’s glitzy branches made it the poster child for the UK’s smaller banks. Its current problems, which culminated in a rescue deal over the weekend, highlight just some of the difficulties facing challengers in a market long dominated by far bigger rivals.
China’s new-energy passenger car exports more than doubled last month, as the nation’s growing clout in the global auto market comes under pressure from Europe and the US.
Asian stocks rose to follow Wall Street higher after traders scaled back wagers on Federal Reserve rate hikes, with expectations of further China stimulus helping drive gains.
Samsung Electronics Co. reported a more modest slide in quarterly profit after staunching losses at its chip division, suggesting the global semiconductor market may have rounded a corner.
