Recent Posts

US stocks retreat as dollar strengthens; oil rebounds

Bloomberg US stock futures turned lower and shares dropped in Europe and most of Asia on Monday as investors struggled to drum up any optimism after a roller coaster few weeks. The dollar rose, oil halted a 10-day sell-off and the pound slid as the UK’s premier fought to save her Brexit divorce plan. Futures on S&P 500, Dow and ...

Read More »

Indian equities drop after weekly gains as oil-supply cut weighs

Bloomberg Indian equities dropped, reversing earlier gains, as a plan by major oil producers to cut supply to boost the fuel’s price weighed on sentiment. The benchmark S&P BSE Sensex Index dropped 0.7 percent to 34,919.97 in Mumbai, after capping its first consecutive weekly gains in two months. Twenty-five of the 31 Sensex members fell on Monday, paced by a ...

Read More »

SoftBank CEO to raise $21bn IPO of Japanese telecom unit

Bloomberg SoftBank Group Corp. founder Masayoshi Son is seeking to raise 2.4 trillion yen ($21.1 billion) in an initial public offering of his Japanese telecom business that could be the country’s largest IPO yet. The Japanese technology giant said in a prospectus it will sell 1.6 billion shares at 1,500 yen apiece in a new entity, SoftBank Corp., that will ...

Read More »
Send this to a friend